Audit

AfDB debars CHINT Electric for 36 months for fraudulent practices

The African Development Bank Group (AfDB) Monday announced that it has debarred CHINT Electric for 36 months for its involvement…

Nigeria’s Finance minister to meet with NNPC boss over N37billion revenue

Kemi Adesoun, Nigeria’s finance minister, has called for a meeting with Maikanti Baru, the general managing director of Nigeria National…

Nigeria’s SEC set to carry out forensic audit on Oando

Nigeria’s Securities and Exchange Commission (SEC) plans to go ahead with a forensic audit of oil company Oando Plc, it…

UK’s audit watchdog fines Ernst & Young £2.75m over audit misconduct

UK’s audit watchdog, the Financial Reporting Council (FRC), has fined Ernst & Young £2.75 million for alleged misconduct relating to…

South Africa’s Pravin Gordhan slams auditing firm, KPMG over tax report

Pravin Gordhan, who was ousted from his post as South Africa’s finance minister in March, slammed KPMG LLP after it withdrew the…

EY snaps up BHP Billiton audit from 2019, after beating competition

After an audit tendering process conducted by global industry giant, BHP Billiton, Big Four accounting and advisory firm, EY (formerly…