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Latest News - Regulation

PCAOB adopts audit committee communication standard

  • Author: TA editorial
  • Published: 15 Aug 2012

The US Public Company Accounting Oversight Board (PCAOB) has adopted auditing standard No. 16 on communications with audit committees and has made.... read more

UK execs rank impact of global regulations

  • Author: TA editorial
  • Published: 14 Aug 2012

Financial executives in the UK think disclosure and reporting requirements are among the top three global regulations with the biggest effect on.... read more

PCAOB to consider audit committee communication standard

  • Author: TA edit
  • Published: 10 Aug 2012

The Public Company Accounting Oversight Board (PCAOB) plans to discuss the possibility of adopting an auditing standard on communications with.... read more

Disclosures change with integrated reporting: ACCA

  • Author: Nicola Maher
  • Published: 7 Aug 2012

Integrated Reporting (IR) is changing what information companies choose to disclose, according to a discussion paper issued by the Association of.... read more

ICAEW runs key panel sessions at AAA meeting

  • Author: TA editorial
  • Published: 6 Aug 2012

The Institute of Chartered Accountants in England and Wales (ICAEW) plans to conduct a series of panel discussions on key current issues such as.... read more

PCAOB issues details on inspection process

  • Author: TA editorial
  • Published: 2 Aug 2012

The Public Company Accounting Oversight Board (PCAOB) has issued a document for audit committees detailing its inspection process and the meaning.... read more

ICAEW calls for greater risk disclosure

  • Author: TA editorial
  • Published: 24 Jul 2012

The Institute of Chartered Accountants in England and Wales(ICAEW) has reminded company boards to explain financial and operational risks in their.... read more

IESBA proposes Ethics Code amendments

  • Author: TA editorial
  • Published: 23 Jul 2012

The International Ethics Standards Board for Accountants (IESBA) has issued proposals to amend the definition of those charged with governance in.... read more

PCAOB signs agreement with Spanish regulator

  • Author: TA editorial
  • Published: 19 Jul 2012

The Public Company Accounting Oversight Board (PCAOB) and the Accounting and Auditing Institute (Instituto de Contabilidad y Auditora de Cuentas).... read more

SEC names acting chief accountant

  • Author: TA editorial
  • Published: 17 Jul 2012

The US Securities and Exchange Commission (SEC) has appointed Paul Beswick as chief accountant, succeeding James Kroeker.. read more

SEC unveils IFRS work plan

  • Author: Ana Gyorkos
  • Published: 16 Jul 2012

The US Securities and Exchange Commission (SEC) final staff report on the work plan towards global accounting standards calls for the International.... read more

Baker Tilly leader calls for SOX modernisation

  • Author: Ana Gyorkos
  • Published: 12 Jul 2012

As the ten year anniversary of the SarbanesOxley Act (SOX) being signed into US federal law approaches, Baker Tilly International chairman Jim.... read more

IFAC consults on public interest definition

  • Author: TA editorial
  • Published: 5 Jul 2012

The International Federation of Accountants (IFAC) has launched a consultation on the definition of public interest. The consultation, Position.... read more

IASB issues transition guidance for IFRS 10

  • Author: TA editorial
  • Published: 2 Jul 2012

The document, Consolidated Financial Statements, Joint Arrangements and Disclosure of Interests in Other Entities: Transition Guidance, presents.... read more

IASB to review IFRS for SMEs

  • Author: TA editorial
  • Published: 27 Jun 2012

The International Accounting Standards Board (IASB) will undertake its first comprehensive review of theIFRS for SMEs. IFRS for SMEswas first.... read more

US GASB approves public pension reporting standards

  • Author: TA editorial
  • Published: 26 Jun 2012

The US Governmental Accounting Standards Board (GASB) has approved two standards for the reporting of unfunded pension liabilities by US state and.... read more

HKICPA opposes auditor's criminal liability law

  • Author: TA editorial
  • Published: 18 Jun 2012

The Hong Kong Institute of Certified Public Accountants (HKICPA) said it is against a proposed law introducing criminal liability for poor audit.... read more

EU adopts IAS 1 and IAS 19 amendments

  • Author: TA editorial
  • Published: 6 Jun 2012

The revised versions of IAS 1 Presentation of Financial StatementsandIAS 19 Employee Benefitsas published by the International Accounting Standards.... read more

IFRS proposes guidance on levies and put options

  • Author: TA editorial
  • Published: 1 Jun 2012

The IFRS Interpretations Committee has proposed guidance on the accounting for levies charged by public authorities on entities that operate in a.... read more

FRC CEO calls audit profession defensive

  • Author: Nicola Maher
  • Published: 21 May 2012

The UK Financial Reporting Council chief executive Stephen Hadrill accused the audit profession of being defensive over criticisms about its role.... read more

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