financial-reporting
FinanceSanofi plans share buybacks, signals more deals post opella sale
InvestingGilead 3rd-quarter results beat wall street estimates, raises outlook
Top StoriesEricsson to book $1.1 billion impairment on weaker outlook for vonage
Top StoriesMunich re Q1 net profit up 68%, in line with preliminary figures
PwC hit with $8.9 million penalty for ‘serious breaches’ on babcock audits
Date: March 9, 2023
By Iain Withers LONDON (Reuters) -Britain’s auditing watchdog has imposed a 7.5 million pound ($8.9 million) penalty on PwC for “serious breaches” found in audits of engineer Babcock International, the regulator said on Wednesday. The Financial Reporting Council (FRC) said the penalties related to failings on audits of Babcock’s accounts up to the end of...
UK watchdog fines deloitte over SIG audit
Date: December 22, 2022
By Tom Wilson LONDON (Reuters) -Britain’s accounting watchdog said on Thursday it had fined Deloitte LLP more than 900,000 pounds ($1.09 million) over its audits of building materials supplier SIG plc for the 2015 and 2016 financial years. The Financial Reporting Council (FRC) said it had imposed a penalty of 1.25 million pounds on Deloitte...
ECB, IMF call on climate standard setters to align company disclosures
Date: August 8, 2022
By Huw Jones LONDON (Reuters) – A global standard setter for company climate disclosures should align with European and U.S. alternatives for easier implementation across jurisdictions and to avoid fragmenting information to investors, the European Central Bank and IMF have said. The Frankfurt-based International Sustainability Standards Board (ISSB) has proposed global “baseline” reporting standards, which...
Thomson Reuters raises sales outlook, citing strong core in face of slowdown
Date: August 4, 2022
By Kenneth Li NEW YORK (Reuters) -Thomson Reuters Corp raised its full-year revenue forecast, which it said reflected strength in its legal, tax and accounting and corporates businesses, as it reported a better-than-expected second quarter profit on Thursday. The global news and information company said that it now expects 2022 revenue to increase by 6%,...
The role of governance and controls in meeting changing ESG expectations
Date: July 20, 2022
By Erik Saito, SVP, General Manager of EMEA & APAC at Workiva Recent conversations around ESG often revolve around the ‘social’ and ‘environmental’ activities that companies are undertaking, but ‘governance’ tends to be lower on the agenda. Within the context of ESG, ‘governance’ refers to the rules and processes that decide how an organisation operates,...
UK watchdog proposes auditors publish quality indicators
Date: June 22, 2022
LONDON (Reuters) – Britain’s accounting watchdog proposed on Wednesday that auditors publish indicators of how well they are performing in a bid to raise standards after a string of corporate failures. The collapse of builder Carillion, retailer BHS and cafe chain Patisserie Valerie threw a spotlight on audit quality, prompting the government to propose a...