KPMG sued for $814 million over alleged sloppy auditing in Dubai's Abraaj scandal
LONDON (BLOOMBERG) – KPMG has been sued for at least US$600 million (S$814 million) over its role in the insolvency of Dubai private [...]
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Proposed changes to Accountants Act to enhance regulator's oversight and audit quality
SINGAPORE (THE BUSINESS TIMES) – The Ministry of Finance (MOF) and the Accounting and Corporate Regulatory Authority (Acra) have announced long-awaited proposed amendments [...]
Top carbon emitters fall short on climate risk disclosure, report says
LONDON (Reuters) – Top emitters of carbon are not disclosing the full risks associated with climate change, reducing the chances of meeting global [...]
Singapore-based artist finds a global market for her art pieces through Instagram
Becoming an artist in Singapore often means taking the road less travelled. But to do so amid an ongoing pandemic means taking a [...]
Charities, vulnerable families to benefit from efforts to grow volunteerism among accountants here
SINGAPORE – Charities will be able to tap more accountants for pro bono services while vulnerable families could pick up essential financial skills [...]
Spac boom faces new threat with US accounting crackdown
NEW YORK (BLOOMBERG) – US regulators are throwing another wrench into Wall Street’s Spac machine by cracking down on how accounting rules apply [...]
IT firm Atos' shares slump 18% after accounting issues disclosed
PARIS (Reuters) – Shares in French IT consulting firm Atos fell sharply on Thursday after the company disclosed that auditors had found accounting [...]
An accounting of Denver’s $127 million in federal COVID relief funding — and the challenges of keeping it straight
In the COVID-19 pandemic, the very definition of a public health crisis, Denver spent less than 5% of federal stimulus money on public [...]
Companies must set climate targets in line with science – executives
LONDON (Reuters) – Companies must listen to scientists and align their plans to reach net zero targets with a global pact to fight [...]
United Airlines unveils rights issue plan to protect tax assets
FILE PHOTO: United Airlines passenger jets taxi with New York City as a backdrop, at Newark Liberty International Airport, New Jersey, U.S. December [...]