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Latest News - Regulation

IIA release banking internal audit guidance

  • Author: Jonathan Minter
  • Published: 8 Jul 2013

The Chartered Institute of Internal Auditors (IIA) has published a report aimed at strengthening the power of internal audits, after a UK.... read more

US Congress to vote on banning mandatory audit rotation

  • Author: Jonathan Minter
  • Published: 8 Jul 2013

The US House of Representatives is to vote today on the bill H.R.1564: The Audit Integrity and Job Protection Act.. read more

SEC launches initiatives to combat accounting fraud

  • Author: TA editorial
  • Published: 4 Jul 2013

The US Securities and Exchange Commission (SEC) has launched three initiatives to combat financial reporting, microcap fraud and enhance its risk.... read more

IMA diverges from IIRC consultation framework

  • Author: Carlos Martin Tornero
  • Published: 2 Jul 2013

The US Institute of Management Accountant (IMA) has expressed disagreement on certain aspects of the Integrated Reporting (IR) framework launched.... read more

FRC updates disciplinary arrangement for accountants

  • Author: Jonathan Minter
  • Published: 1 Jul 2013

The UK Financial Reporting Council (FRC) has published the Accountancy Scheme 2013, including updates for the independent disciplinary arrangements.... read more

FRC bans internal audit “direct assistance”

  • Author: Jonathan Minter
  • Published: 20 Jun 2013

The UK Financial Reporting Council (FRC) will prohibit external auditors of financial statements for periods ending on or after 15 June 2014 from.... read more

End in sight for new Accounting Directive

  • Author: Charles Wheeldon
  • Published: 13 Jun 2013

The European Parliament yesterday voted through comprehensive changes to the EU’s accounting framework, abolishing quarterly reporting, introducing.... read more

UN takes a ‘report or explain’ approach on sustainability reporting

  • Author: Jonathan Minter
  • Published: 4 Jun 2013

The United Nations (UN) High-level Panel of Eminent Persons on the Post-2015 Development Agenda has proposed a ‘report or explain’ approach on.... read more

JICPA issues public sector financial accounting report

  • Published: 30 May 2013

The Japanese Institute of Certified Public Accountants (JICPA) has issued a report on public sector financial accounting and auditing as a way to.... read more

FRC calls for bigger focus on professional scepticism

  • Published: 29 May 2013

The UK Financial Reporting Council (FRC) has called for firms to "reinforce their efforts on professional scepticism" in the latest Audit Quality.... read more

ACCA gives views on PCAOB’s reorganisation of auditing standards

  • Published: 23 May 2013

The Association of Chartered Certified Accountants (ACCA) has backed the US Public Company Oversight Board's (PCAOB) consultation framework about.... read more

GRI launches G4 guidelines

  • Author: TA editorial
  • Published: 22 May 2013

The Global Reporting Initiative (GRI) has launched the fourth generation (G4) of its sustainability reporting guidelines.. read more

IASB launches survey on changes to IFRS 9

  • Author: TA editorial
  • Published: 15 May 2013

Input has been asked of all IFRS stakeholders in a survey concerning amendments to the classification of financial assets within the November 2012.... read more

More than 75% of governments still use cash accounting: PwC

  • Published: 14 May 2013

Only 24% of governments globally use accrual accounting, according to a recent survey by PwC.. read more

Companies aware of sustainability but failing to plan: E&Y

  • Author: TA editorial
  • Published: 10 May 2013

Ernst & Young US reports that companies are recognising the links between sustainability and risk management but are failing to make sustainability.... read more

ACCA warns of going concern proposal complexity

  • Author: TA editorial
  • Published: 9 May 2013

The Association of Chartered Certified Accountants (ACCA) has said smaller companies may find proposed guidance on assessing and reporting going.... read more

Hogg to step down as UK FRC chairman

  • Author: The Accountant
  • Published: 8 May 2013

Baroness Sarah Hogg will step down from her position as chairman of the UK Financial Reporting Council (FRC) as soon as her successor is found.. read more

Singapore consults on Companies Act overhaul

  • Author: TA editorial
  • Published: 7 May 2013

Singapore’s Ministry of Finance (MoF) and the Accounting and Corporate Regulatory Authority (ACRA) have launched a consultation on the review of.... read more

IIRC launches integrated reporting framework consultation

  • Author: TA editorial
  • Published: 16 Apr 2013

The International Integrated Reporting Council (IIRC) has launched its long-awaited consultation draft of the integrated reporting ().... read more

EC adopts amended non-financial reporting directive

  • Author: Carlos Martin Tornero
  • Published: 15 Apr 2013

The European Commission (EC) plans to adopt a directive on non-financial reporting tomorrow in line with its recent amendments to the EU accounting.... read more

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