IRS audit targets incoming Secretary of Defense Pete Hegseth days before Biden leaves office
WASHINGTON — The Internal Revenue Service has launched a federal tax audit of Pete Hegseth, the incoming Secretary of Defense, and his wife, Jennifer Hegseth, just days before the Biden administration leaves…
Exclusive-JD.com, Yum China among Chinese firms chosen for U.S. audit inspection -sources
By Julie Zhu HONG KONG (Reuters) – U.S. regulators have chosen e-commerce major JD.com Inc and KFC operator Yum China Holdings Inc among other U.S.-listed Chinese companies for audit inspection starting next…
China audit deal offers relief but few reasons to invest
By Scott Murdoch and Tom Westbrook HONG KONG (Reuters) – Investors have cheered a breakthrough deal that promises U.S. regulators access to Chinese companies’ accounting paperwork but say markets will need to…
Chinese state media lauds U.S.-China audit deal as ‘symbolic’ for ties
SHANGHAI (Reuters) – Chinese state media outlet the Global Times on Saturday praised an agreement reached between Beijing and Washington over the auditing of U.S.-listed Chinese companies as a “symbolic case” and…
Factbox-Highlights of the U.S.-China audit deal
By Michelle Price WASHINGTON (Reuters) – Beijing and Washington have signed a deal in principle that would allow U.S. regulators to inspect U.S-listed Chinese company audits, potentially ending a dispute that threatened…
China orders audit of $3 trillion trust industry – Bloomberg News
(Reuters) – China’s top auditor is conducting a review of the $3 trillion trust industry, Bloomberg News reported on Tuesday, citing people familiar with the matter. China’s trust industry has been a…
U.S. needs full access to Chinese company audit papers to resolve accounting dispute – watchdog
By Katanga Johnson WASHINGTON – The U.S. public company accounting regulator will not accept any restrictions on its access to the audit papers of Chinese companies listed in New York, its chair…
German finance regulator orders audit of Adler’s 2021 annual report
BERLIN – German finance regulator Bafin on Wednesday said it had ordered an audit of Adler Real Estate’s approved 2021 consolidated financial statements and the summary management report. There were first indications…
UK accounting watchdog fines PwC over Galliford Try, Kier audit failures
LONDON – The Financial Reporting Council has fined accounting firm PwC around 5 million pounds ($6.22 million) as part of a package of sanctions following an investigation into audit failures at construction…
UK audit shake-up targets big firms after spate of corporate failures
By Huw Jones LONDON – Britain set out sweeping reforms of big company audits on Tuesday after high-profile collapses at builder Carillion and retailer BHS in recent years hit thousands of jobs…
China and U.S. are committed to reach audit deal, Chinese regulator says
By Xie Yu HONG KONG – China and the United States are committed to reach an arrangement on the audit inspection issue that is in line with legal and regulatory requirements for…
Mexico City metro accident partly due to lack of maintenance, third audit finds
By Dave Graham and Diego Oré MEXICO CITY – An auditor’s third report on a deadly Mexico City metro accident last year for the first time identified maintenance shortcomings as one of…
Adler says it will remain shut out of financial markets until audit completed
FRANKFURT – German landlord Adler will remain shut out of banking and capital markets until its financial statements have been audited, the company said on Monday after its board of directors resigned…
Big Tech Giant That Lobbied Against Slave Labor Ban Commits To A ‘Racial Equity’ Audit
Big Tech Giant That Lobbied Against Slave Labor Ban Commits To A ‘Racial Equity’ Audit Harry Wilmerding on April 21, 2022 Apple confirmed Wednesday that it will conduct a racial equity audit…
Deloitte, partner fined and sanctioned over Mitie audit
LONDON – Deloitte and audit partner John Charlton have been fined and severely reprimmanded over a 2016 audit of Mitie, a British outsourcing company, the Financial Reporting Council (FRC) auditing watchdog said…
Jackson Township to Conduct Street Light Audit
JACKSON TOWNSHIP, NJ – Following the lead of nearby Toms River, which approved a township-wide street light inventory and audit, the Jackson Township Council will vote on Tuesday to do a similar…
U.S. accounting watchdog sanctions KPMG’s ex-vice chair of audit
By Chris Prentice and Susan Heavey WASHINGTON -The Public Company Accounting Oversight Board (PCAOB) on Tuesday said it has sanctioned KPMG LLP’s former vice chair of audit for his role in a…
Toms River to Invest in Street Light Audit, LED Lights in New Multi-Phase Project
TOMS RIVER, NJ – Toms River spends about $1 million annually to keep its streets and sidewalks lighted, but now, Mayor Maurice Hill and township officials are seeking to audit the number…
Exclusive-Petroperu to miss deadline for financial audit, seeks bondholder reprieve
By Marco Aquino LIMA – Peru’s embattled state-owned oil firm Petroperu will not submit its annual financial audit before the end of July, new Chief Executive Francisco de la Torre told Reuters…
Lebanon parliament extends lifting of bank secrecy to audit cenbank
BEIRUT – Lebanon’s parliament on Monday extended a law that lifts banking secrecy regulations to facilitate a forensic audit of the country’s central bank, a key condition for foreign aid that has…
‘Antiracist Audit’ Reassures Parents That School District ‘Does Not Teach Or Promote Critical Race Theory’
Maryland’s largest school district plans to issue an “antiracist” survey to students to “address racial barriers” in the school district,” according to an announcement from the district superintendent. Montgomery County Public Schools…
Former gubernatorial candidate Joe Rullo calling for two year forensic audit of New Jersey elections
TOMS RIVER, NJ – In 2017, Joe Rullo and Jack Ciattarelli were engaged in a bitter campaign for governor against the GOP establishment candidate Kim Guadagno. Both Ciattarelli and Rullo lost that…
Wisconsin Audit Finds That 2020 Election Was Secure, Voting Machines Counted Accurately
Wisconsin’s nonpartisan audit of the 2020 presidential election found that the race was secure and that voting machines correctly tabulated the results, contradicting discredited claims made by former President Donald Trump and…
Minnesota Middle School Will No Longer Give Students ‘F’ Grades After Conducting ‘Equity Audit’
A Minnesota middle school will no longer give students “F’s” in an attempt to address “systemic racism” after conducting an “equity audit.” Sunrise Park Middle School (SPMS) announced a new grading scale…
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