Category: Auditing

Hong Kong Regulators Partially Clear PwC in Evergrande Audit Investigation Hong Kong Regulators Partially Clear PwC in Evergrande Audit Investigation In a significant development, Hong Kong’s regulatory authorities announced on Wednesday that they have partially exonerated PricewaterhouseCoopers (PwC) from allegations of audit deficiencies in their work with the beleaguered Chinese real estate behemoth, Evergrande. This…

“Embracing the Future: How Technological Advancements and Expanding Roles are Shaping Internal Audit’s Path to 2035” Embracing the Future: How Technological Advancements are Reshaping the Internal Audit Profession In an era where technological advancements are rapidly transforming industries, the internal audit profession is not left behind. The latest Vision report from the Institute of Internal…

Navigating the Waters of Corporate Governance and Audit Readiness in Indian Startups India’s Startup Ecosystem Grapples with Corporate Governance Challenges Amidst Global Recognition By Abhishek Gupta India’s startup landscape, currently holding the prestigious third position globally for housing startups valued at over $1 billion, is at a crossroads. The nation’s blend of talent, innovation, and…

Zitro’s Strategic Move Towards Sustainability: Launch of ESG Committee and New Departments Zitro Launches Comprehensive Sustainability Initiative with New ESG Committee In a groundbreaking move towards sustainability, Zitro has announced the formation of its Environmental, Social, and Governance (ESG) Committee, a strategic effort to embed sustainability practices into the heart of its operations. This initiative…

ISACA and The IIA to Host 11th Annual Governance, Risk, and Control (GRC) Conference in 2024 Austin Set to Host Premier Governance, Risk, and Control Conference in 2024 Austin, Texas, is gearing up to welcome global leaders in governance, risk, and control (GRC) as ISACA and The Institute of Internal Auditors (The IIA) announce the…

The Importance of Audit Independence in Ensuring Good Governance and Accountability in Public Sector Title: Upholding Audit Independence for Effective Governance and Accountability In a world where corruption continues to plague nations and hinder sustainable development, the importance of good governance has never been more crucial. Despite the implementation of governance institutions and policies, corruption…

Strengthening the Role of the Auditor General in Fighting Corruption and Ensuring Accountability in Uganda: A Call to Action New Auditor General Vows to Tighten Oversight on Public Resources In a bid to address the rampant misuse of public resources and corruption in Uganda, Mr Edward Akol has assumed the role of Auditor General, taking…

New Brunswick Health Minister Refuses to Give Vote of Confidence to Vitalité CEO Amid Travel Nurse Controversy New Brunswick’s health minister, Bruce Fitch, has sparked controversy by refusing to give a vote of confidence to Dr. France Desrosiers, the CEO of the Vitalité health authority, following a scathing audit of the health authority’s contracts with…

Addressing Corruption Through the Adoption of ISO 37001: A Strategic Response for Governments and Organizations Title: ISO 37001: A Strategic Response to Combat Corruption in Public and Private Sectors Corruption continues to plague governments and organizations worldwide, with the 2023 Corruption Perceptions Index revealing alarming levels of misconduct. Over two-thirds of countries scored below 50…

OLB Group Announces Change in Auditor and Reveals Internal Control Weaknesses Amidst Operational Strides OLB Group Announces Major Accounting Firm Shift Amid Financial Reporting Weaknesses In a significant corporate maneuver, The OLB Group, Inc., a prominent New York-based business services provider, has announced a pivotal change in its auditing relationship, parting ways with its former…

New Board of Directors Appointed at Financial Planner and Accountancy Firm Old Mill Financial Planner and accountancy firm Old Mill has made significant changes at the top by appointing a new-look board of directors. The new board includes newly-appointed chief executive Mark Neath and managing director Jolyon Stonehouse. Mr. Neath, who has been with Old…

International Battery Metals Ltd. Announces Auditor Change and Transition to US GAAP Reporting International Battery Metals Ltd. Shifts Auditors and Adopts US GAAP Reporting, Marking a New Chapter in Financial Management VANCOUVER, BC, and HOUSTON – July 12, 2024 – In a strategic move that underscores its commitment to transparency and regulatory compliance, International Battery…

India’s First International Centre for Audit of Local Governance Inaugurated in Rajkot India Launches First International Centre for Audit of Local Governance in Rajkot In a groundbreaking move to set global standards for the auditing of local governance, India inaugurated the International Centre for Audit of Local Governance (iCAL) in Rajkot today. The Comptroller and…

Investors Push LVMH for Transparency on Supplier Treatment of Workers Luxury Giant LVMH Faces Pressure to Improve Supplier Monitoring After Sweatshop Allegations Europe’s top asset manager Amundi and other investors in luxury conglomerate LVMH are calling for more aggressive steps to monitor the treatment of workers in the company’s supply chain following allegations of sweatshop-like…

The Current and Future Use of Generative Artificial Intelligence in U.S. Audit Firms: A Report by the PCAOB The use of generative artificial intelligence (GenAI) in auditing and financial reporting is rapidly evolving, according to a recent report released by the Public Company Accounting Oversight Board (PCAOB). The report highlights the current use of GenAI…