Audit News

Could Security Risks Strike High-profile Business?

Could Security Risks Strike High-profile Business?

In light of the alarming security threats befalling business enterprises nowadays, many boards of directors in some high-profile companies are asking their executive teams about the possibility that they might be the next target. This was discussed in Deloitte’s “Risk Intelligent governance in the age of cyber threats: What you don’t know could hurt you,”, [...]

PwC’s Genesis Park Wins Top International Award

PwC’s Genesis Park Wins Top International Award

PwC has been given a top international award for its innovative global leadership development programme – Genesis Park. PwC was selected a 2012 Bersin & Associates Learning Leader. Genesis Park is aimed at turning today’s top performers into tomorrow’s global business leaders, by helping participants to develop the skills and strengths needed to meet the [...]

Zeus Variant Targeting Online Banking Customers in UK, US

Zeus Variant Targeting Online Banking Customers in UK, US

Security firm Trusteer has spotted a “concerning development” in some new Ice IX configurations that target online banking customers in the UK and US. Ice IX is a modified variant of the ZeuS financial malware platform that captures information on telephone accounts belonging to the victims, allowing attackers to divert calls from the bank intended [...]

Boom Time for Fraudsters As “austerity Bites”

Boom Time for Fraudsters As “austerity Bites”

The total amount of fraud in 2011 topped £3.5 billion – a record year – according to KPMG’s Fraud Barometer, as Britons across the country continue to struggle with tough economic conditions. £2.5 billion worth of fraud was recorded during the second half of the year – including five large fraud cases of more than [...]

Ernst & Young Tops 2011 European M&a League Tables

Ernst & Young Tops 2011 European M&a League Tables

This week the 2011 mergermarket European M&A league tables confirmed Ernst & Young as the number one provider of accountancy advice on M&A transactions across Europe during 2011. In a year that saw M&A activity fluctuate significantly, Ernst & Young advised on 297 M&A transactions across Europe, with an aggregated value of almost $68billion; representing [...]

Deloitte Scores 100 Percent Rating on Human Rights Campaign’s Corporate Equality Index

Deloitte Scores 100 Percent Rating on Human Rights Campaign’s Corporate Equality Index

For the sixth consecutive year, Deloitte has been named one of Human Rights Campaign’s (HRC) “Best Places to Work,” earning a perfect 100 percent rating on HRC’s Corporate Equality Index (CEI). The CEI measures and analyzes inclusion initiatives, company benefits, and support made available for lesbian, gay, bisexual and transgender (LGBT) personnel and the wider [...]

PwC Named to FORTUNE’s ’100 Best Companies to Work for’

PwC Named to FORTUNE’s ’100 Best Companies to Work for’

For the eighth consecutive year, PwC US has been named one of FORTUNE’s “100 Best Companies to Work For”. PwC ranks number 48 overall and 11 among large companies on this year’s list, the 15th annual installment. This represents a significant jump from 73 overall last year. “We are truly proud and humbled not only [...]

Weaknesses in Fraud Prevention Controls Exposed

Weaknesses in Fraud Prevention Controls Exposed

The Federal Bureau of Investigation has warned that high detection accuracy of fraudulent transactions alone does not help in preventing cybercrime, following the discovery of Zeus variant, Gameover. According to security firm Trusteer, this attack can circumvent post transaction fraud prevention measures, citing the FBI’s findings saying that this campaign purports “to be legitimate e-mails [...]

Understanding Your Financial Cash Advance Options in Case of an Emergency

Understanding Your Financial Cash Advance Options in Case of an Emergency

When you have an emergency situation, unfortunately some of the first questions asked by most average people relate to the costs involved and how they are going to be paid!  For many of us it is fortunate that there are cash advance options available to us. They can help you in a variety of situations [...]

‘In-car Internet Could Threaten Automotive Industry’

‘In-car Internet Could Threaten Automotive Industry’

The emerging alliance between car manufacturers and IT companies to turn cars into internet gateways poses a potential threat to the automotive industry, according to McAfee’s chief technology officer. “With Ericsson forecasting 50 billion IP-connected devices by 2020, up from 1 billion just a year ago, KPMG’s report into connected cars come as no surprise. [...]

Gartner Positions PwC in ‘Leaders Quadrant’

Gartner Positions PwC in ‘Leaders Quadrant’

PwcUS has been positioned by Gartner, Inc. in the Leaders quadrant of the 2011 “Magic Quadrant for Financial Management Consulting Services” report. Gartner’s Magic Quadrant report evaluates major players in the business and technology industries upon two criteria: completeness of vision and ability to execute. According to the report, those positioned in the Leaders quadrant [...]

Android Hit with New Fraudulent Apps

Android Hit with New Fraudulent Apps

Experts from security firm and Norton-dealer, Symantec, has found a new fraudulent application that hit the Android marketplace called Android.Steek, which capitalizes on popular game titles and purporting as these games. Symantec said the malicious applications are published under the name “Stevens Creek Software”, whose infection length has reached nearly 3,500,000 bytes. The security firm [...]

Quick Payday Advances Provide Assistance Between Pay Days

Quick Payday Advances Provide Assistance Between Pay Days

For many people, the time between paydays can seem long and sometimes are too far apart, to prevent any problems on the horizon, suddenly materializing. This is where a payday advance can make the difference; enabling you to gain access to cash you need, without the barriers and stress factors of traditional lenders. A payday [...]

KPMG Europe LLP Revenues Rise to €4,589m

KPMG Europe LLP Revenues Rise to €4,589m

KPMG Europe LLP (‘ELLP’), the professional services firm providing audit, tax and advisory services, reported that combined turnover grew by 13 percent to reach €4,589 million in the year to 30 September, 2011 (2010: €4,065 million). On a like-for-like, pro-forma basis and at constant exchange rates, revenues were up 5 percent to €4,718 million (2010: [...]

Kaspersky Experts Dig Other Malware Belonging to Stuxnet, Duqu Family

Kaspersky Experts Dig Other Malware Belonging to Stuxnet, Duqu Family

A team of hackers has been confirmed to be behind the malware programs that belong to the family of Stuxnet and Duqu Trojans, according to experts from Kaspersky Lab who assume that ” a single platform was used, which is flexibly adaptable to specific targets.” Kaspersky said this platform appeared to have been in existence [...]

Vulnerability in Wi-Fi Routers Disclosed

Vulnerability in Wi-Fi Routers Disclosed

Users who have recently received Wi-Fi routers as gifts last Christmas might want to think twice before enabling the encryption built in most commercial devices as security researchers discovered a barely noticeable vulnerability in such a practice. In a technology called the “Wi-Fi Protected Setup” (WPS) initially intended by the wireless industry to ease the [...]

Panel Exonerates E&Y from Olympus Accounting Fraud

Panel Exonerates E&Y from Olympus Accounting Fraud

Olympus auditors Ernst & Young Japan has been cleared in the latest report of the panel investigating the accounting fraud at the Japanese camera-maker. Olympus recently admitted the $1.7 billion (£1bn) accounting scandal that built up from the alleged decades-long orchestration of some company executives. The accounting scandal invited criticisms against Ernst & Young ShinNihon, [...]

Deloitte’s Health and Human Services Technology Bags Award

Deloitte’s Health and Human Services Technology Bags Award

The advanced technology behind Michigan’s welfare delivery system, developed by Deloitte, has been recognized with a national award for outstanding achievement from the Center for Digital Government. The Digital Government Achievement Awards spotlight outstanding agency and department websites and applications. Michigan’s integrated eligibility and payment system, known as Bridges, was one of only seven federal [...]

Vault’s Tech Consulting Ranks Deloitte on Top

Vault’s Tech Consulting Ranks Deloitte on Top

Deloitte has been ranked No. 1 on The Vault Tech Consulting 25 Ranking of the best companies to work for in the rapidly growing industry, after previously ranking third on the same award-giving body. Now in its second year, The Vault Tech Consulting 25 polls more than 1,500 consultants of all levels to assess their [...]

Online Subscription Operator ‘Left Shoppers Out of Pocket’

Online Subscription Operator ‘Left Shoppers Out of Pocket’

Taking advantage of its pool of hundred thousand consumers, Adaptive Affinity Limited allegedly signed up individuals to its online subscription schemes that funneled almost £60 from consumers every month. The Office of Fair Trading (OFT) has taken action against the online subscription operator for signing up tens of thousands of UK consumers, without their consent, [...]

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