Category: Audit
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Senegal’s dollar bonds fall after audit reveals larger debt and deficit By Reuters
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Written by Duncan Miriri NAIROBI (Reuters) – Senegal’s dollar sovereign bonds fell on Friday after a government review revealed larger debt and deficit numbers than the previous administration announced, TradeWeb data showed. Recently elected President Basseru Diomai Faye, who ordered the audit, blamed the previous government for publishing false figures,…
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SEC Charges FTX Audit Firm With Negligence And Independence Violations
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The U.S. Securities and Exchange Commission (SEC) has reached a settlement with auditing firm Prager Metis, which agreed to pay $1.95 million to resolve allegations of misconduct related to its audits of now-defunct cryptocurrency exchange FTX. $745,000 due to FTX audit failure On Tuesday, the Securities and Exchange Commission It…
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SEC Charges FTX Audit Firm With Negligence And Independence Violations
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The U.S. Securities and Exchange Commission (SEC) has reached a settlement with auditing firm Prager Metis, which agreed to pay $1.95 million to resolve allegations of misconduct related to its audits of now-defunct cryptocurrency exchange FTX. $745,000 due to FTX audit failure On Tuesday, the Securities and Exchange Commission It…
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Audit queries Sh1.3bn not traced to City Hall workers pay account
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The Auditor General has revealed that over Sh1.3 billion from Nairobi County meant for the payment of workers’ salaries cannot be returned to the country’s payroll account. In the audit for the year ended June 2023, Ms Nancy Gathongo noted that the reported staff wages were not reflected in the…
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Record £48 Million in Fines Levied by UK Watchdog on Audit Firms
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Britain’s accounting watchdog, the Financial Reporting Council, has imposed a record £48.2m in fines over the past year, after completing several high-profile investigations, including audits of Carillion and London Capital & Finance. The Financial Reporting Commission, which oversees the country’s audit and accountancy firms, has surpassed its previous record of…
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Trump is fighting an audit that could cost him over $100 million because he claimed 2 tax breaks for the same Chicago building
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A massive trove of tax information obtained by ProPublica, covering thousands of America’s wealthiest individuals, reveals what’s inside the billionaires’ bag of tricks for minimizing their personal tax bills — sometimes to nothing. Former President Donald Trump used a dubious accounting maneuver to claim improper tax breaks from his troubled…
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Kuscco board fired after audit reveals Sh6bn illegal withdrawals
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An audit of the financial records of the Kenya Union of Savings and Credit Cooperatives (Kuscco) has revealed rot that has cost the organization more than Sh6 billion in losses, leading to the sacking of the board and senior officials. The audit, conducted by US audit firm Grant Thornton, revealed…