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Latest News - Regulation

Benefits of mandatory audit firm rotation questionable: ICAS

  • Author: TA editorial
  • Published: 19 Dec 2012

Research by the Institute of Chartered Accountants of Scotland (ICAS) has found ‘no conclusive’ evidence that mandatory audit firm rotation.... read more

EC to propose mandatory non-financial reporting

  • Author: Carlos Martin Tornero
  • Published: 18 Dec 2012

The European Commission (EC) will propose a change in European Union (EU) law to make further non-financial disclosures for certain companies.... read more

PCAOB finds deficiencies in ICFR audit opinions

  • Author: TA editorial
  • Published: 11 Dec 2012

The Public Company Accounting Oversight Board (PCAOB) has found shortfalls related to Internal Control over Financial Reporting (ICFR) in the.... read more

Austria: Parliament passes reporting law

  • Author: TA editorial
  • Published: 11 Dec 2012

Austria is to establish an enforcement process to control the financial reporting of companies listed on the Vienna stock exchange.. read more

ESG reporting increases among South African companies in 2012

  • Author: Jonathan Minter
  • Published: 10 Dec 2012

The number of South African companies increasing their sustainability reporting practices has improved in 2012, according to annual Johannesburg.... read more

ICAS warns against UK Gov’t cash-accounting measure

  • Author: TA editorial
  • Published: 5 Dec 2012

The Institute of Chartered Accountants in Scotland (ICAS) has warned that UK Government plans to introduce cash-based accounting for unincorporated.... read more

PCAOB Publishes Staff Audit Practice Alert

  • Author: Jonathan Minter
  • Published: 5 Dec 2012

The Public Company Accounting Oversight Board (PCAOB) has published its tenth staff audit practise alert, entitled “Maintaining and Applying.... read more

BOE: IASB and FASB need to agree on UK banks’ buffers

  • Author: TA editorial
  • Published: 30 Nov 2012

Transition to an international accounting regime characterised by forward-looking provisions on bank’s losses needs to be speeded up, the Bank of.... read more

ACCA urges BIS to underpin coherence in narrative reporting

  • Author: Carlos Martin Tornero
  • Published: 23 Nov 2012

The Association of Chartered Certified Accountants (ACCA) has welcomed the government’s draft regulation on narrative reporting but warned the.... read more

UK accountants see revenue potential in RTI

  • Author: Jonathan Minter
  • Published: 21 Nov 2012

A survey of 222 accountants by UK accountancy and payroll software provider IRIS Software Group has found 62% of accountants see new revenue.... read more

IASB to discuss ‘disclosure overload’ at forum

  • Author: TA editorial
  • Published: 14 Nov 2012

The International Accounting Standards Board (IASB) is planning to host a public disclosure forum on 28 January 2013 to consider ‘disclosure.... read more

PCAOB inspections still find significant audit deficiencies

  • Author: TA editorial
  • Published: 31 Oct 2012

The Public Company Accounting Oversight Board (PCAOB) continues to observe serious audit deficiencies in public companies audits as a result of its.... read more

Regulator cooperation key to investors' protection: Doty

  • Author: Carlos Martin Tornero
  • Published: 4 Oct 2012

Any effort to improve audit quality should hinge on extended regulatory coordination and deepened auditor independence, according to the chairman.... read more

FRC to focus on improving codes and standards in year ahead

  • Author: Peter Johnstone
  • Published: 3 Oct 2012

The UK Financial Reporting Council (FRC) plans to focus on improving codes and standards, international influence, strengthening conduct work and.... read more

Thai SEC looks to enhance audit quality of SOEs

  • Author: TA editorial
  • Published: 2 Oct 2012

The Securities Exchange Commission (SEC) of Thailand and the Office of the Auditor General of Thailand (OAG) have signed a Memorandum of.... read more

Wheatley report finds LIBOR reform needs external audits

  • Author: Carlos Martin Tornero
  • Published: 28 Sep 2012

Reinforced audit procedures and strengthened reporting practices are one of the cornerstones for the London inter-bank offered rate (LIBOR) reform,.... read more

FTSE350 reports could be improved: PwC

  • Author: Hannah Meltzer
  • Published: 27 Sep 2012

PwC assessed that only half of the 350 clearly communicated their business models, as set out by this years updated requirements to the UK.... read more

EU audit reform must embed international standards: ICAEW, ICPAC

  • Author: Hannah Meltzer
  • Published: 26 Sep 2012

EU audit reform proposals currently being discussed must be proportionate and aligned with international standards, according to the Institute of.... read more

CIMA, ACCA in talks with ICAP over exclusion circular

  • Author: Carlos Martin Tornero
  • Published: 20 Sep 2012

The Association of Chartered Certified Accountants (ACCA) and the Chartered Institute of Management Accountants (CIMA) are in talks with the.... read more

UK local gov't audit reform may hamper quality, warns ACCA

  • Author: TA editorial
  • Published: 11 Sep 2012

The Association of Chartered Certified Accountants (ACCA) has warned proposed changes to local UK government audits could result in spend not being.... read more


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