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Latest News - Regulation

Stakeholders far removed from the audit process most likely to call for change

  • Author: Vincent Huck
  • Published: 29 Apr 2014

There is a relationship between the level of involvement that financial stakeholders have with the audit process and their overall confidence in.... read more

Expanded auditors' reports shouldn’t lead to disclosure overload: CAQ

  • Author: Jonathan Minter
  • Published: 16 Apr 2014

Executive director of the US Center for Audit Quality (CAQ) Cindy Fornelli told The Accountant that, while she supports the US Public Company.... read more

IFIAR issues wake-up call on global audit quality

  • Author: Carlos Martin Tornero
  • Published: 11 Apr 2014

Firms must work harder on cross-border audit quality, the International Forum of Independent Audit Regulators (IFIAR) chair Lewis Ferguson warned.... read more

German profession keen to tackle EU audit reform implementation

  • Author: Carlos Martin Tornero
  • Published: 9 Apr 2014

Interviewed for The Accountant’s World Survey, Reiner Veidt, executive director of the German Chamber of Public Accountants or.... read more

UK FRC and Swiss regulator agree to audit supervision

  • Author: TA editorial
  • Published: 8 Apr 2014

The UK Financial Reporting Council (FRC) and the Swiss Federal Audit Oversight Board (FAOA) have agreed to cooperate in the public oversight,.... read more

Profession raises concerns over EU audit reform implementation

  • Author: Vincent Huck
  • Published: 3 Apr 2014

Firms, professional bodies and regulators have welcomed the vote from the European Parliament on the long awaited audit reform, arguing that it.... read more

European Parliament ready to vote audit reform

  • Author: Vincent Huck
  • Published: 2 Apr 2014

The European Parliament (EP) will vote tomorrow on the proposed EU audit reform agreed in trialogue negotiations between representatives of the.... read more

FRC issues insurance contract reporting requirements

  • Author: Jonathan Minter
  • Published: 21 Mar 2014

The UK Financial Reporting Council (FRC) has issued an insurance contract reporting standard, which aims to consolidate existing UK and Irish.... read more

JURI likely to pass non-financial reporting reform

  • Author: Jonathan Minter
  • Published: 19 Mar 2014

The Committee on Legal Affairs (JURI) of the European Parliament is likely to pass tomorrow an amendment to the Accounting Directive, which would.... read more

European Parliament approves funding for IFRS

  • Author: Carlos Martin Tornero
  • Published: 13 Mar 2014

The plenary of the European Parliament (EP) has voted in favour of the funding programme which will support financially the activity of the.... read more

EU agrees on non-financial and diversity reporting rules

  • Author: Jonathan Minter
  • Published: 27 Feb 2014

The Committee of Permanent Representatives (COREPER), which prepares the work of the Council of the European Union (EU Council), has endorsed an.... read more

FEE calls for clarifications in EU audit reform directive and regulation

  • Author: Jonathan Minter
  • Published: 26 Feb 2014

The Federation of European Accountants (FEE) has called for clarifications on a number of items regarding the implementation phase of the audit.... read more

EU closer to mandatory non-financial and diversity reporting agreement

  • Author: Jonathan Minter
  • Published: 14 Feb 2014

The European Union (EU) co-legislators are closer to reaching an agreement on mandatory non-financial and diversity reporting, which would amend.... read more

ESMA to counteract misleading APMs disclosures

  • Author: Carlos Martin Tornero
  • Published: 13 Feb 2014

The European Securities and Markets Authority (ESMA) has launched a consultation aimed at bringing transparency and comparability to the disclosure.... read more

Analysis: US profession uneasy over PCAOB rules on audit partner disclosure

  • Author: Jonathan Minter
  • Published: 6 Jan 2014

At the start of December 2013, the Public Company Accounting Board (PCAOB) re-proposed rules that would require the disclosure of the lead audit.... read more

EU settles on 10 years mandatory audit rotation

  • Author: Vincent Huck
  • Published: 17 Dec 2013

A period of 10 years mandatory rotation is among the key elements of the agreement reached earlier today between the Lithuanian presidency of the.... read more

Profession remains cautious on EU preliminary agreement of audit reform

  • Author: Vincent Huck
  • Published: 17 Dec 2013

The accounting profession has welcomed the preliminary agreement between the Lithuanian presidency of the Council of the European Union (EU) and.... read more

Agreement reached on the EU audit reform

  • Author: Vincent Huck
  • Published: 17 Dec 2013

The Lithuanian presidency of the Council of the European Union (EU) and the European Parliament have agreed on the framework of the EU audit reform.... read more

IASB proposes IAS 27 amendments

  • Author: Jonathan Minter
  • Published: 3 Dec 2013

The International Accounting Standards Board (IASB) has proposed amendments to IAS 27 in its exposure draft: Equity Method in Separate Financial.... read more

Banks may turn into weapons of wealth destruction: BBC’s Peston

  • Author: Vincent Huck
  • Published: 14 Nov 2013

The problems that generated the financial crisis such as countries’ national debts and banks’ solvency haven’t yet been solved, BBC business editor.... read more

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