Accounting and auditing news covering Big Four firms, financial reporting standards, audit enforcement, restatements, and corporate accounting policy.
Norway's sovereign wealth fund manager reached a $224.5 million settlement in principle with KPMG LLP regarding the Silicon Valley Bank collapse. The agreement was negotiated on behalf of investors, with Sweden's Sjunde AP-fonden serving as co-lead plaintiff against the bank's former external auditor.
The author argues that the US government should rigorously audit physical measurement instruments used in commerce, similar to financial audits. Citing NIST estimates, the piece suggests that $12 trillion in economic activity relies on unverified weights and measures, creating systemic risk.
The Indian Express provides factual updates on the Institute of Chartered Accountants of India releasing CA Foundation September 2026 results. It outlines the eligibility criteria for candidates, including required scores, and directs users to the official portal for downloading scorecards and viewing rank lists.
The Indian Express reports that the Institute of Chartered Accountants of India (ICAI) is expected to release CA Foundation September 2026 results by November 6. Candidates can access scorecards via caresults.icai.org, which will display subject-wise marks and qualifying status for those who took the offline exam in September.