Keywords: Audit


KPMG Australia suspended from new government contracts amid audit scandal investigation

KPMG Australia has been temporarily barred from bidding on new government contracts as authorities investigate allegations linked to the misuse of confidential client information, according to the Australian Department of Finance. The suspension, which will last for several months, prevents the global......

UK regulator launches investigation into PwC audit of WH Smith

The United Kingdom's accounting watchdog has opened an investigation into the audit work carried out by PricewaterhouseCoopers (PwC) for travel retailer WH Smith, adding to ongoing regulatory scrutiny surrounding the company. The inquiry was announced by the Financial Reporting Council (FRC), the......

Peru launches electoral audit after disputed presidential vote

Peru’s electoral authorities have initiated a comprehensive digital audit of the first round of the presidential election following a closely contested vote and a series of logistical irregularities. The move aims to restore confidence in the electoral process and ensure the credibility of the......

UK watchdog launches probe into PwC audit of digital 9 infrastructure

The Financial Reporting Council has opened an investigation into the audit conducted by PwC on Digital 9 Infrastructure, highlighting growing scrutiny over audit quality in the United Kingdom. The probe focuses on the financial year ending in 2023 and will be carried out under the regulator’s......

Tether gives investors two weeks to commit to $500 billion valuation round

Tether, the issuer of the world's largest stablecoin USDT, is pressing investors to commit to a funding round at a $500 billion valuation within the next two weeks, according to a report from The Information published on Wednesday. The move marks a last-ditch effort to close a deal that has been......

Najat Vallaud-Belkacem's appointment to France's Court of Audit sparks political controversy

French-Moroccan Najat Vallaud-Belkacem has been named senior advisor at France’s prestigious Court of Audit, igniting debate over the appointment's timing and fairness. During a cabinet meeting on July 16, the government, on the recommendation of Prime Minister Gabriel Attal, approved Vallaud-Belkacem’s......

Morocco's Court of Auditors Takes Helm of Global Audit Organization JURISAI

In a significant development for international financial oversight, Morocco's Court of Auditors has been elected to lead the Secretariat of the International Organization of Supreme Audit Institutions with Jurisdictional Competence (JURISAI). This appointment, made during JURISAI's founding General......

Rabat Municipality Audit Uncovers Payments to Ghost Employees and Management Irregularities

A recent audit conducted by the Rabat-Salé-Kénitra Regional Council of Accounts has revealed significant administrative and human resources issues within Rabat Municipality during the tenure of former Mayor Asmaa Rhlalou. The audit, which examined municipal operations up to February 2023,......

Ex-Casablanca Mayor Probed for Alleged Financial Improprieties

Mohammed Sajid, the former mayor of Casablanca, is currently under investigation by the National Judicial Police Brigade (BNPJ) for suspected financial mismanagement during his tenure, as reported by multiple sources. The investigation was sparked by findings from the Court of Audit, which indicated......