The news that KPMG has snapped up the audit of Rentokil Initial from rival PwC brings with it renewed concerns around the indepen­dence of firms providing additional services as well as opining on financial state­ments. Under the arrangement KPMG would undertake all the statutory respon­si­bil­ities associated with an external audit, while also ‘delving deeper’ and […]

More →

The Managing Partners’ Forum was estab­lished in 1995 and is “dedicated to enhancing leadership and the status of the management team in profes­sional firms worldwide.” They recently released the inaugural Global 500, a ranking of the top 500 profes­sional services firms in the world by fee volume. The Big Four are at the top of […]

More →

Congress wants financial reporting simplified for easier under­stand­ability. I can’t honestly say their desire for more regular updates on what the industry is doing to modernize itself is a bad thing, however. Seems like a good prod for the stiff collars at the helm. Here in Canada, there are rumors the federal government may tie the […]

More →

Beancoun­terBlog discusses the recent détente between movie stars and the IRS. Seems the IRS feels all those really expensive gifts that celebrities get should be taxable, and the Hollywood Foreign Press Associ­ation agrees. Celebs will now be “issued appro­priate infor­ma­tional tax forms by the HFPA and will be respon­sible for satis­fying their income tax obligations.” […]

More →

The Russian tax authority has accused Price­wa­ter­house­C­oopers of providing “false audits” to the former oil giant Yukos. I’m sure we’ll find out sooner or later whether these accusa­tions have any merit, but for the time being any government insti­tution in Russia is most definitely not getting the benefit of my doubt. Putin and his regime are […]

More →