Boohoo seeks new auditor to replace PwC; shares tumble

Boohoo Group Plc shares fell the most since August after the U.K. fast-fashion retailer caught up in a labor scandal said it’s seeking a new auditor to replace PricewaterhouseCoopers. Original Article Posted at : https://www.accountingtoday.com/articles/boohoo-seeks-new-auditor-to-replace-pwc-shares-tumble

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Accountants shifting to more advisory services amid coronavirus

Accountants and tax professionals have been helping their small business clients deal with the economic fallout from the COVID-19 pandemic, shifting away from their routine compliance work after the end of the prolonged tax season. Original Article Posted at : https://www.accountingtoday.com/news/accountants-shifting-to-more-advisory-services-amid-coronavirus

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SEC loosens auditor independence rules

The Securities and Exchange Commission voted to adopt amendments to its longstanding auditor independence requirements, relaxing restrictions on relationships between auditors and their clients as part of a deregulatory push by the SEC in recent years. Original Article Posted at : https://www.accountingtoday.com/news/sec-loosens-auditor-independence-rules

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