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PCAOB slams Hong Kong auditor of Luckin Coffee

CFO Dive

Published July 23, 2025 Jim Tyson Senior Reporter post share post print email license CFO Editorial Staff Dive Brief: T he Public Company Accounting Oversight Board sanctioned a Hong Kong accounting firm and its owner for disregarding rules and standards when auditing the books of Luckin Coffee and two other companies operating in China.

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AI spending above $10M jumps as agentic tools grab spotlight

CFO Dive

About 21% of surveyed business leaders said their organizations were investing $10 million or more in AI , up from 16% just a year ago, while a third (35%) anticipated spending $10 million or more on the technology next year, according to the Big Four accounting firm. You can unsubscribe at anytime. Registered in England and Wales.

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Are Your Compliance Processes Keeping Up with Evolving Audit Requirements?

Bramasol

Discover how SAP solutions lay a solid foundation for audits and next level PCAOB or AICPA compliance reviews. While passing each audit is a critically important milestone, companies also should understand that it is only one aspect of ensuring their financial transparency and integrity. Why Should You Care?

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Treasury APIs, BNPL And Robinhood’s Outage Top This Week’s News

PYMNTS

We have deep dives into treasury application programming interfaces (APIs) and buy now, pay later (BNPL), as well as a report on Robinhood ’s trading app outage that occurred earlier this week. UK Moves Closer to Big Four Accountancy Breakup. HSBC on the Next Phase of Treasury APIs (B2B API Tracker). Trackers and Reports.

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Business Leaders Chosen To Scrutinize UK Accounting Watchdog

PYMNTS

M&G chief executive Anne Richards, HM Treasury non-executive director and deputy chair of Kinnevik Amelia Fawcett, and former audit partner at PwC and former chair of the Accounting Standard Board Mary Keegan are all on the panel.

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186: Thuso Marumo

CFO Talks

I think it must be extremely difficult to be a CFO of a local authority, there is a lot of pressure on those CFOs to achieve unqualified or clean audits. Did you manage to achieve clean and unqualified audits for the Moqhaka Municipality? A clean audit basically says your financials and your compliance are in sync.

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Podchats for FutureCFO: Action items to accelerate finance transformation

Future CFO

Three of the four largest accounting firms have pledged to invest more in AI and data analytics products and training over the next few years so we can expect widespread adoption of modern technologies for day-to-day business activities. Advancement and innovation-driven AI infuses digital transformation. Sanjay Patil.