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PwC hit with $8.9 million penalty for ‘serious breaches’ on Babcock audits

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Britain's auditing watchdog has imposed a 7.5 million pound ($8.9 million) penalty on PwC for "serious breaches" found in audits of engineer Babcock International (BAB.L),...

China urges state firms to drop Big Four auditors on data risk – Bloomberg News

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Chinese authorities have urged state-owned firms to phase out using the four biggest international accounting firms as Beijing seeks to rein in the influence...

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Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

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Africa's immense economic potential is being undermined by non-transparent...

IMF: South Africa needs decisive efforts to cut spending

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South Africa needs more decisive efforts to cut spending...

World Bank sounds alarm on ‘historical reversal’ of development for poorest nations

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Half of the world's 75 poorest countries are experiencing...

Ghana fails to reach debt deal with international bondholders

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Ghana has failed to strike a deal with two...

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