BT Group has picked a new auditor to replace PricewaterhouseCoopers (PwC), months after the emergence of a £530m accounting crisis in its Global Services division. Sky News understands that BT directors selected a winner from a two-horse race between EY and KPMG at a board meeting on Wednesday. The new auditor, which will break PwC’s…
A major accounting rule change is stressing finance staff and creating headaches for technology departments at some of the world’s largest businesses. Public companies like Verizon Communications Inc., VZ 0.13% Hortonworks Inc.HDP 0.08% and Workday Inc. WDAY -0.16% are facing higher costs as they spend months to comply with a new rule that will change…
As companies get ready for the new lease accounting standard, they’re coming across a variety of complications and questions before the standard takes effect in the next few years. Deloitte recently issued a publication with answers to some of the frequently asked questions its clients have encountered. “From an implementation perspective, companies are now digging…