U.K. regulators said on Monday that the four of the world’s largest accounting firms, known as the Big Four, will have to separate their audit departments from the rest of their operations.
Stimulus packages must include anti-corruption measures if they are to be successful,Transparency International warned the US Congress and the Senate ahead of Wednesday’s adoption of a historic US$2 trillion rescue package aimed to help the economy crippled by the coronavirus pandemic.
A state-owned South African utilities company is demanding international accounting company Deloitte pay back more than US$13 million for “improperly awarded” contracts in 2016, accusing the firm of “pure corruption.”
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