Latest News
Papua New Guinea newly reconstituted standards setter reiterates IFRS adoption
Papua New Guinea has reconfirmed its adoption of IFRS and IFRS for SMEs as the national standards setter is reconstituted.. read more
Six countries sign the BEPS international tax treaty agreement
Barbados, Ivory Coast, Jamaica, Malaysia, Panama and Tunisia have signed the OECD’s Base Erosion and Profit Shifting (BEPS) multilateral convention.... read more
IFAC publishes governance guidance for Professional Accountancy Organisations globally
The International Federation of Accountants (IFAC) has published guidance for professional accountancy organisations (PAOs) on best governance.... read more
With Carillion’s downfall eyes and fingers turn to KPMG, Deloitte and the UK FRC
The UK public services construction company Carillion has collapsed following financial losses where external auditors KPMG and internal auditors.... read more
Women slowly taking on more C-Suite roles
Women’s representation in CFO positions has nearly doubled in the USA over the last ten years, accounting for 12.6% of CFO positions according to a.... read more
RSM Tenon fined £1m over Quindell audit work
The UK Financial Reporting Council (FRC) has fined audit firm Arrandco Audit, formerly RSM Tenon, £1m (USA $1.4m) for audit failures at insurance.... read more
Over 29,000 CFA Candidates pass Level I exam
CFA Institute has reported that 43 % of the 69,086 candidates who took the December 2017 CFA level I have passed and now may decide face Level II.... read more
Former PCAOB and KPMG USA staff charged for leaking inspection information
The USA Securities and Exchange Commission (SEC) have charged six public accountants, including three former employees of the Public Company.... read more
Hong Kong to adopt independent audit oversight regime
The Hong Kong government has gazetted a proposed reform which if enacted would make the local Financial Reporting Council (FRC) the regulator of.... read more
Is the European Commission missing the bigger picture regarding the taxation of the digital economy?
The European Commission’s public consultation on the taxation of the digital economy has been criticised by accountancy organisations for wasting.... read more
CIPFA is revoked as an audit qualifying body
The Chartered Institute of Public Finance and Accountancy (CIPFA) has been revoked by the UK Financial Reporting Council (FRC) as an audit.... read more
South African regulator extends independent investigation into KPMG
The South African regulator, the Independent Regulatory Board for Auditors (IRBA), has extended its investigation into the KPMG audits of Linkway.... read more
LuxLeaks trial overturns verdict on PwC whistleblower Antione Deltour
The Luxembourg Court of Cassation has decided to overturn the conviction of former PwC whistleblower Antoine Deltour who was meant to serve a.... read more
PwC hit with two year audit ban after decade long fraud battle with Indian capital markets regulator
The Securities Exchange Board of India (SEBI) has barred all PwC members and entities from issuing audit certificates to any listed company in.... read more
Stakeholder survey calls for increased transparency from the UK FRC
A stakeholder survey on the corporate governance, reporting and effectiveness of the UK Financial Reporting Council (FRC) has called for more.... read more
Brazilian institute announces president and reshuffles management boards
The Brazilian Institute of Independent Auditors (IBRACON) has appointed a new president and board members, effective 2 January 2018.. read more
Microsoft and Jordan based accounting and auditing firm sign cooperation agreement
The Talal Abu-Ghazaleh Organisation (TAG-Org), a Jordanian accounting and auditing firm, and Microsoft Jordan have signed a cooperation agreement.... read more
Netherlands’ regulator faces criticism after courts overrule sanctions
The Dutch regulator, the Authority for the Financial Markets (AFM), must change its oversight of the profession as its investigations are not.... read more
Sri Lankan institute launches revised code of best practice on corporate governance
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has launched a revised code of best practice on corporate governance.. read more
Countries slow on EU audit legislation implementation
A state of play report from Accountancy Europe has found that Norway, Iceland, Croatia, Slovenia and Liechtenstein have not yet implemented EU.... read more
