Adidas Appoints Former Executive Birgit Kretschmer As CFO
Sportswear company Adidas has appointed former executive Birgit Kretschmer as its next Chief Financial Officer (CFO), replacing Harm Ohlmeyer, who will step down from the role he has held since 2017.
UK’s FRC Opens Probe Into KPMG Audit Of Wood Group Financial Statements
The UK’s Financial Reporting Council (FRC) has started an investigation into KPMG’s audit of oilfield services and engineering company Wood Group for the financial year ending December 2023.
Microsoft Faces CMA Investigation Over Customer Information On 365 Plans
The UK’s Competition and Markets Authority (CMA) has opened an investigation into Microsoft over concerns that personal and family customers may have been given unclear information about Microsoft 365 subscription plans.
Apple Challenges UK Proposal On App Store Payment Rules
Apple has opposed proposed UK rules that would require changes to its App Store payment system, saying the measures could affect its business model and investment decisions.
UK Regulator FRC Flags Big Four Over Offshoring Of Complex Audit Work
The UK’s Financial Reporting Council (FRC) has raised concerns over the growing use of offshore teams by the Big Four accounting firms for audit work involving professional judgement.
US Insurance Regulators Review Investment Structures Used By Apollo & KKR
US insurance regulators are examining investment structures used by private capital firms, including Apollo and KKR, over concerns about transparency and interconnected risks.
