External audit News

SEC Charges Four Penny Stock Purchasers with Fraud

SEC Charges Four Penny Stock Purchasers with Fraud

Washington, D.C., Dec. 21, 2012 — The Securities and Exchange Commission today charged four securities industry professionals with conducting a fraudulent penny stock scheme in which they illegally acquired more than one billion unregistered shares in microcap companies at deep discounts and then dumped them on the market for approximately $17 million in illicit profits [...]

Paul Beswick Named SEC Chief Accountant

Paul Beswick Named SEC Chief Accountant

Washington, D.C., Dec. 21, 2012 — Securities and Exchange Commission Chairman Elisse Walter today announced the appointment of Paul A. Beswick as the agency’s Chief Accountant. Mr. Beswick has been serving as Acting Chief Accountant for the past several months. “Paul has served the Commission with great distinction and provided wise counsel on difficult accounting [...]

E&Y Snaps Up ‘Strong Positive’ Rating for Its Global Enterprise Risk Management Consulting

E&Y Snaps Up ‘Strong Positive’ Rating for Its Global Enterprise Risk Management Consulting

Ernst & Young is pleased to announce that it has received a “strong positive”, the highest possible rating given, in Gartner’s MarketScope for Global Enterprise Risk Management (ERM) Consulting Services. Gartner’s MarketScope rating includes recommendations to customers and potential customers of the rated firms. When considering or currently working with a firm rated “strong positive,” [...]

KPMG Named in Top 10 Employers for Working Families

KPMG Named in Top 10 Employers for Working Families

KPMG has been ranked in the top ten employers for working families for the second year running by independent benchmarking and award organisation, Working Families. The awards recognise employers who support parents, carers and flexible workers with work-life balance and career development. All entrants including KPMG completed a robust benchmark survey which examined flexible working [...]

For Mothers, Some Best Firms to Work In

For Mothers, Some Best Firms to Work In

Audit and consulting firms Deloitte and Grant Thornton LLP are among the top on Working Mother magazine’s “100 Best Companies for Working Mothers” list. The ranking celebrates organizations that set the standard for programs and initiatives responding to the challenges working mothers face, thereby cultivating an engaged, productive workplace. The companies are recognized in the [...]

Capgemini Ranks in Top Ten in Global Outsourcing 100 List

Capgemini Ranks in Top Ten in Global Outsourcing 100 List

Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing services, yesterday announced it has been ranked in the top ten in The 2012 Global Outsourcing 100 by the International Association of Outsourcing Professionals® (IAOP®). Capgemini has moved up to 8th position from 14th last year. The 2012 Global Outsourcing 100 and The [...]

KPMG ‘World’s Best Outsourcing Advisor’

KPMG ‘World’s Best Outsourcing Advisor’

KPMG International has moved up to the top spot, leading this year’s rankings of The World’s Best Outsourcing Advisors by the International Association of Outsourcing Professionals® (IAOP®), a standards-setting and professional advocacy organization. Last year the firm ranked second on the IAOP list, which is comprised of 20 Advisory firms. “KPMG is delighted to be [...]

KPMG and Grant Avery Attain Coveted International Consulting Status

KPMG and Grant Avery Attain Coveted International Consulting Status

KPMG has become the first company in New Zealand using New Zealand based consultants to attain international recognition as an Accredited Consulting Organisation (ACO) in PPM (Programme and Project Management), and P3M3® consulting (Portfolio, Programme, and Project Management Maturity Model). KPMG’s ACO accreditation is an internationally-rated endorsement of KPMG’s consulting expertise in Programme and Project [...]

Hilary Thomas of KPMG Wins First Women Award

Hilary Thomas of KPMG Wins First Women Award

Professor Hilary Thomas, partner in KPMG’s Public Sector Healthcare Advisory practice, has won a prestigious First Women award which was presented in London last night. Hilary won under the Business Services category, jointly with Aimie Chapple, managing director of Accenture. The First Women awards are designed to recognise trailblazing women across industry, and are one [...]

HP Grants Innovation Award for Marketing Analytics Impact to Deloitte

HP Grants Innovation Award for Marketing Analytics Impact to Deloitte

Deloitte, among the largest professional services organization in the United States, was honored with the HP AllianceONE Partner of the Year Award in the category of Innovation during the HP Discover event for delivering solutions that drive meaningful business results. The award recognizes Lee Dittmar, principal, Deloitte Consulting LLP, and his team for its work [...]

Audit Inspection Reports on Deloitte, Ernst & Young, KPMG and PwC Bared

Audit Inspection Reports on Deloitte, Ernst & Young, KPMG and PwC Bared

The Professional Oversight Board, part of the Financial Reporting Council, has released the findings of the Audit Inspection Unit’s (AIU) inspections of Deloitte LLP, Ernst & Young LLP, KPMG LLP and KPMG Audit Plc, and PricewaterhouseCoopers LLP. These reports include inspection findings and key messages specific to each firm and set out the AIU’s views [...]

Deloitte Named a Top Ten Company for Multicultural Women in 2012 by Working Mother Magazine

Deloitte Named a Top Ten Company for Multicultural Women in 2012 by Working Mother Magazine

For the seventh consecutive year, Working Mother magazine has named Deloitte one of the top ten employers in the United States for multicultural women.  The ranking, now in its tenth year, recognizes 25 U.S. organizations based on representation; hiring, attrition and promotion rates; recruitment, retention and advancement; and company culture. “At Deloitte we believe our [...]

Deloitte China in Hot Seat for Refusal to Produce Documents

Deloitte China in Hot Seat for Refusal to Produce Documents

The Securities and Exchange Commission is coming down hard on Shanghai-based Deloitte Touche Tohmatsu CPA Ltd. after it refused to provide the agency with audit work papers related to a China-based company under investigation for potential accounting fraud against U.S. investors. The SEC said it has been making extensive efforts for more than two years [...]

Deloitte Remains on DiversityInc’s Top 50 Companies for Diversity

Deloitte Remains on DiversityInc’s Top 50 Companies for Diversity

Amid increasing competition, Deloitte maintained its position among the top 10 companies most admired for diversity on The 2012 DiversityInc Top 50 Companies for Diversity® list and was recognized for being the first in its industry to launch a women’s initiative and the first to have chairmen and CEOs from historically underrepresented groups.  Participation in [...]

KPMG Wins Information Security Consultancy of the Year at SC Awards

KPMG Wins Information Security Consultancy of the Year at SC Awards

KPMG Europe LLP’s Information Protection and Business Resilience practice was awarded the Information Security Consultancy of the Year by SC Magazine, following the ceremony which was held in London last night. This is the second year running that KPMG has won the award. KPMG were judged to be successful by a team of judges from [...]

KPMG Recognised for Ground-breaking Solutions, Wins 2 Awards

KPMG Recognised for Ground-breaking Solutions, Wins 2 Awards

KPMG has been recognised with 2 awards by the Management Consultancies Association (MCA) in the annual ceremony which recognises and celebrates excellence in management consultancy. KPMG picked up its first award in the ‘Operational Performance in the Private Sector’ category, for work undertaken on behalf of Nationwide. KPMG’s team was recognised for the way in [...]

Deloitte Receives 2012 SAP Pinnacle Award for Analytics Impact

Deloitte Receives 2012 SAP Pinnacle Award for Analytics Impact

Deloitte has received a 2012 SAP Pinnacle award in the category “Transformational Award: Analytics Impact” and was named a finalist in the “Transformational Award: Unwired Enterprise” category. Presented annually, these awards recognize top SAP designated partners that have excelled in developing and growing their relationship with SAP and driving customer effectiveness. Deloitte’s SAP global practice [...]

APRA’s Basel III Capital Adequacy Announcement

APRA’s Basel III Capital Adequacy Announcement

APRA has released for consultation its draft prudential standards to give effect to the implementation of the Basel III capital reforms in Australia which start on 1 January 2013. Accompanying this announcement is APRA’s response to the earlier submissions it had received on its previously released implementation proposals. APRA’s previously proposed timeline for implementing the [...]

KPMG Ranked International Sustainable Firm of the Year

KPMG Ranked International Sustainable Firm of the Year

KPMG has been voted Sustainable Firm of the year at this month’s inaugural industry awards by the International Accounting Bulletin. Avind Hickman, editor of International Accounting Bulletin, said KPMG demonstrated with hard data how much its corporate social responsibility (CSR) initiatives across the KPMG network had made a difference. “It also showed thought leadership by [...]

Deloitte Wins Two Management Consulting Awards

Deloitte Wins Two Management Consulting Awards

AIG and Interbrand recognized for outstanding work with Deloitte Deloitte’s innovation with American International Group, Inc. (AIG) in the Transaction/Event-Driven category and Interbrand in the Corporate Social Responsibility category were winners at the inaugural 2012 Association of Management Consulting Firms (AMCF) awards, which were presented at the University Club in New York on Thursday evening, [...]

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