Latest news with #auditors
Yahoo
6 hours ago
- Business
- Yahoo
IASB seeks feedback on IFRS 16 in post-implementation review
The International Accounting Standards Board (IASB) has launched a formal post-implementation review of IFRS 16 Leases, inviting stakeholders to share their experiences and insights on whether the standard is working as intended. A Request for Information (RFI) has been published as part of this process, with comments due by 15 October 2025. Issued in January 2016 and effective from January 2019, IFRS 16 introduced a major shift in lease accounting by requiring lessees to bring most leases onto the balance sheet. The standard eliminated the distinction between finance and operating leases for lessees, replacing it with a single lease accounting model. The move aimed to improve transparency and comparability in financial reporting by recognising lease assets and liabilities more consistently. Now, more than five years since implementation, the IASB is reviewing whether the standard has delivered the intended benefits and whether the costs of applying IFRS 16 are justified. Stakeholders—including preparers, users, auditors, and regulators—are encouraged to provide feedback on key aspects such as: Usefulness and comparability of information when judgement is applied in measuring lease liabilities; The relevance of disclosures about lease-related cash flows; The cost and complexity for lessees in applying the measurement requirements; and Interactions between IFRS 16 and other IFRS Accounting Standards. Participants are also invited to share their overall views on the effectiveness and clarity of the standard. "IASB seeks feedback on IFRS 16 in post-implementation review" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
13 hours ago
- Business
- Bloomberg
PwC Plans Cuts, Lower Pay Rises on Tougher Market Conditions: FT
PricewaterhouseCoopers LLP is planning layoffs in the UK and lower salary increases amid a broader market slowdown, the Financial Times reports. PwC intends to cut around 175 junior auditors by August and told its UK staff they would receive a 2.5% pay rise from July, less than the 3% last year, according to the FT, citing unidentified people familiar with the matter.
Yahoo
2 days ago
- Business
- Yahoo
Lufax Announces Results of Extraordinary General Meeting
SHANGHAI, June 25, 2025 /PRNewswire/ -- Lufax Holding Ltd (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced the results of its extraordinary general meeting of shareholders held in Shanghai on June 25, 2025. At the meeting, the shareholders of Lufax approved, ratified and/or confirmed the following resolutions: To remove PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP as the auditors of the Company. Conditional upon the passing of the resolution 1 above, to appoint Ernst & Young and Ernst & Young Hua Ming LLP as the auditors of the Company to fill the vacancies and to re-appoint them as the auditors of the Company to hold office until the annual general meeting for the year ending December 31, 2025, and to authorise the Board to fix their remuneration. About Lufax Lufax is a leading financial services enabler for small business owners in China. Lufax offers financing products designed to address the needs of small business owners and others. In doing so, Lufax has established relationships with 85 financial institutions in China as funding partners, many of which have worked with Lufax for over three years. Investor Relations Contact Lufax Holding LtdEmail: Investor_Relations@ ICR, LLCRobin YangTel: +1 (646) 308-0546Email: View original content: SOURCE Lufax Holding Ltd
Yahoo
20-06-2025
- Business
- Yahoo
Intermap Appoints New Auditors
Shareholders to vote on the appointment of the new auditors at the upcoming annual general meeting of shareholders DENVER, June 20, 2025 (GLOBE NEWSWIRE) -- Intermap Technologies Corporation (TSX: IMP) ('Intermap' or the 'Company'), a global leader in 3D geospatial products and intelligence solutions, today announced that MNP LLP ('MNP') have been appointed as auditors of the Company. The board of directors of the Company (the 'Board') approved the appointment of MNP as auditors. KPMG LLP ('KPMG') were the former auditors of the Company. On May 5, 2025 (the 'Resignation Date'), KPMG notified the Company of their decision, at their own initiative, to decline to stand for re-appointment as the Company's auditors in respect of the financial year ending December 31, 2025. The Company has worked diligently since the Resignation Date to select appropriate successor auditors to KPMG, which led to the appointment of MNP. Pursuant to the Company's Management Information Circular dated May 28, 2025 (the 'Circular'), at the upcoming annual general meeting (the 'Meeting') of holders of Class A common shares of the Company ('Shareholders') to be held on June 26, 2025, Shareholders are being asked to approve the appointment of successor auditors to KPMG (the 'Replacement Auditors') to hold office until the next annual meeting of Shareholders or until a successor is appointed, and to authorize the Board to fix the remuneration of the Replacement Auditors. This announcement serves as notice to the Shareholders that the Company has appointed MNP as the Replacement Auditors. Accordingly, at the Meeting, Shareholders are being asked to approve the appointment of MNP as the Replacement Auditors, and to authorize the Board to fix their remuneration. The Company will not issue a new form of proxy or voting instruction form to Shareholders in respect of the Meeting. Shareholders who vote by proxy in advance of the Meeting in respect of the appointment of the 'Replacement Auditors' as auditors of the Company should be aware that they are voting in respect of the appointment of MNP and the authorization of the Board to fix their remuneration. As previously disclosed, there were no modified opinions in KPMG's report on any of the financial statements of the Company relating to the period commencing at the beginning of the Company's two most recently completed financial years and ending on the Resignation Date, nor have there been any 'reportable events,' as defined in National Instrument 51-102 – Continuous Disclosure Obligations. Intermap Reader AdvisoryCertain information provided in this news release, including, but not limited to, the timing of the Meeting and expectations with respect to the successor auditors, including the approval by Shareholders of the appointment thereof, constitutes forward-looking statements. Words such as 'will', 'upcoming' and other similar words and expressions are intended to identify such forward-looking statements. Although Intermap believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a variety of known and unknown risks and uncertainties. Intermap's forward-looking statements are subject to risks and uncertainties, including those discussed Intermap's Annual Information Form for the year ended December 31, 2024 and other securities filings. While the Company makes these forward-looking statements in good faith, should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary significantly from those expected. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that the Company will derive therefrom. All subsequent forward-looking statements, whether written or oral, attributable to Intermap or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the forward-looking statements made herein, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law. About Intermap TechnologiesFounded in 1997 and headquartered in Denver, Colorado, Intermap (TSX: IMP) is a global leader in geospatial intelligence solutions, focusing on the creation and analysis of 3D terrain data to produce high-resolution thematic models. Through scientific analysis of geospatial information and patented sensors and processing technology, the Company provisions diverse, complementary, multi-source datasets to enable customers to seamlessly integrate geospatial intelligence into their workflows. Intermap's 3D elevation data and software analytic capabilities enable global geospatial analysis through artificial intelligence and machine learning, providing customers with critical information to understand their terrain environment. By leveraging its proprietary archive of the world's largest collection of multi-sensor global elevation data, the Company's collection and processing capabilities provide multi-source 3D datasets and analytics at mission speed, enabling governments and companies to build and integrate geospatial foundation data with actionable insights. Applications for Intermap's products and solutions include defense, aviation and UAV flight planning, flood and wildfire insurance, disaster mitigation, base mapping, environmental and renewable energy planning, telecommunications, engineering, critical infrastructure monitoring, hydrology, land management, oil and gas and transportation. For more information, please visit or contact:Jennifer BakkenExecutive Vice President and CFOCFO@ (303) 708-0955 Sean PeasgoodInvestor RelationsSean@ (647) 260-9266Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
31-05-2025
- Business
- Yahoo
Syncora Guarantee Inc. Announces the Availability of Certain Financial Information
NEW YORK, May 31, 2025--(BUSINESS WIRE)--Syncora Guarantee Inc. ("Syncora Guarantee") today announced that certain financial information of Syncora Guarantee has been made available on Syncora Guarantee's website ( The information posted is Syncora Guarantee's Statutory Basis Financial Statements Years Ended December 31, 2024 and 2023 With Report of Independent Auditors. About Syncora Guarantee Inc. Syncora Guarantee Inc. is a New York-domiciled insurance company that is a wholly owned subsidiary of Syncora FinanceCo LLC. For additional information, please visit Important Information and Forward Looking Statements This press release contains statements about future results, plans and events that may constitute "forward-looking" statements. We caution you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "plan," "seek," "comfortable with," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or the negative thereof or variations thereon or similar terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond Syncora Guarantee's control. Readers are cautioned not to place undue reliance on forward-looking statements which speak only as of the date they are made. Syncora Guarantee does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements are made. View source version on Contacts Ravind KaramsinghGeneral CounselSyncora Guarantee Inc.(212) 478-3411 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
