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AICPA comments on US Treasury business expense proposals

  • Published: 9 Jul 2019

The American Institute of CPAs (AICPA) has made more than 20 recommendations to the US Treasury and Internal Revenue Service (IRS) about the.... read more

UK pensions schemes must improve or consolidate

  • Published: 8 Jul 2019

Proposals to reduce the number of poorly governed pension schemes have been outlined in a consultation launched by The Pensions Regulator (TPR)..... read more

UK inheritance tax under the spotlight for reform?

  • Published: 8 Jul 2019

The UK’s Office of Tax Simplification (OTS) has published a report on potential reforms to the country’s inheritance tax. Inheritance tax applies.... read more

FRC revises practice notes on financial sector audits

  • Published: 4 Jul 2019

The Financial reporting Council (FRC) has issued a revision of Practice Note 19: The audit of banks and building societies in the United Kingdom..... read more

Deloitte fined £4.2m over audit of Serco Geografix, SFO fines Serco £19.2m

  • Published: 4 Jul 2019

Deloitte has been fined £4.2m by the Financial Reporting Council (FRC) over  the audit of the financial statements of Serco subsidiary Serco.... read more

FCA proposes ban on sale of crypto-derivatives to retail consumers

  • Published: 3 Jul 2019

The UK’s Financial Conduct Authority (FCA) is proposing rules to address harm to retail consumers from the sale of derivatives and exchange traded.... read more

US business leaders worry about risks of complex financial instruments

  • Published: 3 Jul 2019

Financial instruments are a growing presence on company balance sheets, and business executives say more market awareness is needed to prevent.... read more

Financial / non-financial reporting frameworks share common principles

  • Published: 2 Jul 2019

The world’s leading financial and non-financial corporate reporting frameworks have the same common foundations, based on the key objectives of.... read more

Cashflow issues make UK small business owners want to quit!

  • Published: 2 Jul 2019

Research from Xero and PayPal reveals 37% of UK small businesses owners have considered closing their company because of cash flow issues caused by.... read more

ICAS, CIOT strategic partnership and joint qualification

  • Published: 1 Jul 2019

The Institute of Chartered Accountants of Scotland (ICAS) and the Chartered Institute of Taxation (CIOT) have announced a strategic partnership and.... read more

EFRAG supportive of IASB proposals to amend IFRS 3

  • Published: 1 Jul 2019

EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2019/3 Reference to the Conceptual Framework (Proposed.... read more

PCAOB inspection of BDO reveals deficiencies in audits

  • Published: 1 Jul 2019

The Public Company Accounting Oversight Board (PCAOB) has published its report on the inspection of BDO USA. In nine of the 23 audits reviewed,.... read more

FRC identifies reporting issues at 29 out of 53 companies

  • Published: 28 Jun 2019

More than half of the companies whose reports and accounts have been reviewed by the Financial Reporting Council’s corporate reporting review (CRR).... read more

FASB proposes narrow-scope improvements to credit losses standard

  • Published: 28 Jun 2019

The Financial Accounting Standards Board (FASB) has  issued a proposed Accounting Standards Update (ASU) that would address issues raised by.... read more

Association of International Certified Professional Accountants joint project to improve corporate sustainability

  • Published: 27 Jun 2019

The Association of International Certified Professional Accountants (the Association) and the World Business Council for Sustainable Development.... read more

IASB consults on amendments to IFRS 17

  • Published: 26 Jun 2019

The International Accounting Standards Board (IASB) has proposed amendments to the insurance contracts Standard, IFRS 17, for public consultation..... read more

New CEO for Hong Kong Institute of CPAs

  • Published: 26 Jun 2019

The Hong Kong Institute of Certified Public Accountants (HKICPA) has appointed Ms Margaret W.S. Chan as the Institute's new Chief Executive and.... read more

FASB seeks input on segment reporting

  • Published: 26 Jun 2019

The Financial Accounting Standards Board (FASB) is seeking public companies to participate in a study that focuses on potential improvements to the.... read more

Citizenship by investment and tax residency – telling the difference

  • Published: 25 Jun 2019

During an event hosted in St Kitts and Nevis last week, an Ernst & Young (EY) tax specialist reiterated the importance of grasping the difference.... read more

Thomson Reuters to acquire Confirmation

  • Published: 25 Jun 2019

Thomson Reuters has signed a definitive agreement to acquire Confirmation, a provider of secure audit confirmation services. Confirmation has a.... read more


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