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Latest News - Regulation

Leaked documents show aggressive tax planning practices in Luxembourg

  • Author: Isabella Grotto
  • Published: 6 Nov 2014

An investigation into tax planning in Luxembourg by a group of European journalists, published today by UK newspaper the Guardian, has uncovered.... read more

Profession concerned over “too rosy” EU banks stress tests results

  • Author: Vincent Huck
  • Published: 31 Oct 2014

The European Central Bank’s (ECB) comprehensive assessment into the Eurozone’s biggest banks brought assurance to investors but leaves the.... read more

Spain opts for non-renewable 9 year rotation, rushing EU audit reform ahead of election

  • Author: Carlos Martin Tornero
  • Published: 23 Oct 2014

Spain's economy ministry is to propose a mandatory audit rotation period of nine years, scraping the option provided to member states by the EU law.... read more

ICAEW wields newly conferred regulatory powers for probate licensing

  • Author: Isabella Grotto
  • Published: 22 Oct 2014

The Institute of Chartered Accountants of England and Wales (ICAEW) has become the first non-legal regulatory body to authorise a sole practitioner.... read more

AICPA defies federal crackdown on partnership retirement policies

  • Author: Carlos Martin Tornero
  • Published: 22 Oct 2014

The American Institute of Certified Public Accountants (AICPA) has called on the Equal Employment Opportunity Commission (EEOC) to stop what it.... read more

Board of oil transparency watchdog meets to discuss implementation progress

  • Author: Isabella Grotto
  • Published: 10 Oct 2014

The international board of the Extractive Industries Transparency Initiative (EITI) is to meet next week to discuss the implementation of its.... read more

KPMG secures legal licence

  • Author: Isabella Grotto & Vincent Huck
  • Published: 2 Oct 2014

KPMG UK has secured an alternative business structure (ABS) licence in a bid to diversify its legal service offering to clients.. read more

Spanish profession demands end to anti-competitive practices in audit tenders

  • Author: Carlos Martin Tornero
  • Published: 23 Sep 2014

In light of the implementation of the European audit reform, the Corporation of Auditors of the Council General of Economists (Corporación de.... read more

Scottish referendum aftermath: profession keeps a vigilant eye on devolution of powers

  • Author: Vincent Huck
  • Published: 19 Sep 2014

In the wake of the Scottish referendum, which resulted in Scotland staying in the UK but with further power transferred to Holyrood, the.... read more

OECD tax avoidance recommendations: talking the big talk or game changer?

  • Author: Vincent Huck
  • Published: 18 Sep 2014

Accounting firms and professional bodies have reacted cautiously to the Organisation for Economic Co-operation and Development (OECD) release of.... read more

UK CMA and European Commission take hard stand on new rotation rules

  • Author: Vincent Huck
  • Published: 16 Sep 2014

UK FTSE 350 companies which have recently retendered or changed their auditor in the UK are most likely going to have to do so again as early as.... read more

US legislators oppose accrual-based accounting

  • Author: Steffen Muller
  • Published: 12 Sep 2014

The majority of the U.S. House of Representatives have urged the House leadership to not promote accrual-based accounting for tax purposes.. read more

FTSE 100 companies react to remuneration disclosure regulation

  • Author: Steffen Muller
  • Published: 4 Sep 2014

More than three quarters of FTSE 100 companies have made changes to their remuneration arrangements in the past 12 months to address the UK.... read more

US SEC issues $300,000 whistleblower award

  • Author: Isabella Grotto
  • Published: 1 Sep 2014

The US Securities and Exchange Commission (SEC) has issued a $300,000 reward to an employee who blew the whistle on company misconduct unearthed.... read more

Indian public sector enterprises ready to IFRS convergence

  • Author: Isabella Grotto
  • Published: 27 Aug 2014

India's state-owned companies should join the country's businesses in adopting IFRS to increase their competitiveness in the global market, the.... read more

Colombia eyes adoption of international audit standards

  • Author: Carlos Martin Tornero
  • Published: 26 Aug 2014

Colombian standard-setting body will recommend the government the adoption of the standards issued by the International Auditing and Assurance.... read more

Debate on integrated reporting assurance steps up a gear

  • Author: Steffen Muller
  • Published: 22 Aug 2014

The accountancy profession have been called to participate in the ongoing global debate on assurance on integrated reporting at a forum in.... read more

Disclosure rule change to affect AIM-listed companies auditor's report

  • Author: Isabella Grotto
  • Published: 20 Aug 2014

Changes to the rule on information disclosure that companies listed in London Stock Exchange's AIM market should apply came into effect on 11.... read more

Argentina’s default sparks fresh call for accrual accounting

  • Published: 13 Aug 2014

In light of Argentina’s recent default of its debt the International Federation of Accountants (IFAC) has reiterated the importance of accrual.... read more

Many in US senate oppose accrual accounting for tax purposes

  • Author: Vincent Huck
  • Published: 8 Aug 2014

Nearly half of the US senators, 46 out of a 100, have signed a letter to the chairman and ranking member of the Senate Finance Committee opposing a.... read more


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