Category: Auditing

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…

Workiva Integrates Global Internal Audit Standards into Its GRC Solutions, Enhancing Strategic Partnership and Efficiency Workiva Inc. Revolutionizes GRC Solutions by Integrating Global Internal Audit Standards In a groundbreaking move, Workiva Inc., a leading provider of assured integrated reporting solutions, has announced the incorporation of the Global Internal Audit Standards into its platform, marking a…

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 Digital Transformation: The Evolving Role of Internal Audit in Saudi Arabia’s Technological Landscape New KPMG Study Reveals the Impact of Digital Transformation on Internal Audit Practices in Saudi Arabia In a groundbreaking study, KPMG has shed light on the significant influence of rapid digital transformation and technological advancements, especially in artificial intelligence (AI), on…

Red Sea Global Joins Forces with Saudi Climbing and Hiking Federation to Elevate Adventure Tourism Red Sea Global and Saudi Climbing and Hiking Federation Join Forces to Elevate Adventure Tourism In a groundbreaking move set to redefine the adventure tourism sector, Red Sea Global (RSG) has entered into a strategic partnership with the Saudi Climbing…

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…

Top 20 CA Firms in Mumbai for Articleship Training Embarking on a career as a Chartered Accountant (CA) involves not just passing the rigorous exams but also undergoing practical training to gain real-world experience. Articleship training is a crucial phase for every aspiring CA, offering them a glimpse into the corporate and professional world. It…

Wilfred Neneh Addico Appointed as New Advisory Partner at Makers and Partners (MAP) Wilfred Neneh Addico Joins Makers and Partners as New Advisory Partner In a significant move to bolster its leadership and service delivery, Makers and Partners (MAP), a renowned audit firm, has officially announced the appointment of Wilfred Neneh Addico as its new…

The Risks and Alternatives of Recreational Tanning in Saudi Arabia The Rising Trend of Recreational Tanning in Riyadh: A Dangerous Quest for the Perfect Tan RIYADH – As the scorching sun of summer casts its rays over Riyadh, a growing number of young Saudis are basking in its glow, chasing the allure of a bronzed…

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…

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…

“Enhancing Transparency and Trust: The Citizens Police Oversight Commission’s Review of Philadelphia Police Misconduct Investigations” New Oversight Commission Sheds Light on Philadelphia Police Misconduct Investigations Philadelphia, PA – In a groundbreaking move towards transparency and accountability, the Citizens Police Oversight Commission (CPOC) has released its first report on the Philadelphia Police Department’s (PPD) Internal Affairs…

AuditBoard Introduces New Feature for Easy Adoption of Updated IIA Global Internal Audit Standards AuditBoard Unveils Innovative Feature to Align with New Global Internal Audit Standards In a significant development for the internal audit community, AuditBoard, a leading audit and risk platform, has announced the launch of a groundbreaking feature designed to streamline the adoption…

“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…