The U.K.’s Financial Reporting Council sanctioned Deloitte and two of its former partners for their audits of the software company Autonomy prior to its acquisition by HP and levied a record penalty.
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Audit & Accounting
September 21, 2020
Upcoming Events September 21, 2020
Deloitte fined £15M in U.K. for Autonomy audits
By Michael Cohn      3 min read
The U.K.’s Financial Reporting Council sanctioned Deloitte and two of its former partners for their audits of the software company Autonomy prior to its acquisition by HP and levied a record penalty.
Read More
 
Auditor EY expresses ‘regret’ over failures after Wirecard collapse
By Anthony Aarons     1 min read
Ernst & Young is sending letters to clients admitting it failed to uncover fraud at the payment company sooner.
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FASB’s new chairman plans review of impact of standards
By Michael Cohn     5 min read
Richard Jones is making post-implementation reviews of standards one of his top priorities, and taking a closer look at FASB’s crowded agenda.
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Lease accounting – ASC 842: What private companies can learn from public companies
What are some advantages of automating your leasing program?
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FASB updates nonprofit accounting standards for gifts in kind
By Michael Cohn     2 min read
The changes would enhance the transparency of how nonprofits report contributed nonfinancial assets.
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An audit cycle unlike any other
By Jeffrey Kranzel, Matt Wray     5 min read
With the incremental complexities and associated risks this year, companies and auditors cannot afford to fall behind.
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