Michael Kapoor

Global rulemakers Thursday included cryptocurrencies in the topics they might tackle as they look to modernize accounting for intangible assets such as intellectual property.

Trainee accountants worldwide must study sustainability after international guidance was changed Thursday to embed environmental, social, and governance matters in professional study.

Deloitte said Tuesday it had chosen consulting veteran Suresh Kanwar to head its UK financial services team, as the firm deals with a slow advisory market.

Deloitte said Tuesday it had chosen consulting veteran Suresh Kanwar to head its UK financial services team, as the firm deals with a slow advisory market.

European Commission proposals to simplify and dramatically reduce the number of companies covered by environmental, social, and governance reporting requirements that started to kick in this year are drawing fire from both environmental groups and US business interests.

A large state-owned bank in Dubai said Monday it had become the first bank in the Middle East North Africa region to use new voluntary international sustainability reporting rules that ask companies to disclose climate and other environmental, social, and governance information important to investors.

Ernst and Young’s Australian arm is considering job cuts after revenue fell last year and market conditions remain volatile.

Investors worldwide want companies to disclose more information on workforce topics despite the recent US backlash against diversity programs, global standard setters found.

Three English Premier League football clubs have been sanctioned or are under investigation for using accounting tricks to play down their financial losses. One of those clubs, Everton, was even deducted points in the standings, putting it at risk of being relegated, or demoted to a lower competitive division. The league, like others in Europe, enforces rules that cap clubs’ losses. But wealthy owners seek ways to bypass the rules to spend more on players.

A spate of scandals has put accounting firms in the U.K. on the back foot. The collapse of Carillion Plc, and subsequently Thomas Cook Group Plc, have been among cases that raised questions about auditing standards at the so-called Big Four firms. In response, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers have agreed to separate their auditing and consulting departments by 2024 to avert possible conflicts of interest, a move that critics say doesn’t go far enough.