Latest News
FASB proposes alternative to accounting for goodwill and certain identifiable intangible assets for non-for-profits
The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU), which would reduce the cost and complexity.... read more
PCAOB ends 2018 with remedial action against Crowe firm
The US Public Company Accounting Oversight Board (PCAOB) has censored and fined Crowe Mackay after it found the firm violated PCAOB standards and.... read more
ACCA expresses concerns over ‘breadth’ of evidence in the CMA review
The Association of Chartered Certified Accountants (ACCA) has expressed its concerns about the ‘breadth’ of evidence in the Competition and Markets.... read more
UK Gov. launches new review into audit profession
Donald Brydon, the outgoing chair of the London Stock Exchange Group, has been appointed to lead a new independent review of the quality and.... read more
Kingman calls for FRC to be replaced
The UK’s Financial Reporting Council (FRC) should be replaced with a new independent statutory regulator, accountable to Parliament, according to a.... read more
CMA expected to call for market cap as Labour pushes for Big Four break up
The Labour party has suggested the Big Four should be broken up on the recommendation of a report it commissioned, as Sky News leaks that the.... read more
PCAOB names chief auditor
The Public Company Accounting Oversight Board (PCAOB) has named Megan Zietsman as its next chief auditor and director of professional standards.. read more
GRI publishes draft standard for greater tax transparency
The Global Reporting Initiative (GRI) has published a draft standard for public comment aimed at promoting greater transparency on companies’.... read more
IRBA appoints operations director
The independent regulatory board for auditors (IRBA) has appointed Nitasha Naicker as its director of operations.. read more
ICAN joins Chartered Accountants Worldwide
The Institute of Chartered Accountants Nigeria (ICAN) has become the twelfth member to join Chartered Accountants Worldwide.. read more
SEC takes aim Chinese firms’ audit information over lack of access
The ability of the Public Company Accounting Oversight Board (PCAOB) to inspect the work of Chinese audit firms is a ‘significant current issue’,.... read more
IAESB appoints new chair
The International Accounting Education Standards Board (IAESB) has appointed Anne-Marie Vitale as its chair, effective 1 January 2019.. read more
FRC publishes governance code following repeating corporate failures
UK executive remuneration structures are to take into account pay and conditions elsewhere in the company from 2019, after the Financial Reporting.... read more
AICPA and NASBA renew MRA with Chartered Accountants of Australia and New Zealand
The American Institute of CPAs (AICPA) and the National Association of State Boards of Accountancy (NASBA) have renewed a Mutual Recognition.... read more
FRC criticises ‘inconsistent’ audit work on Other Information
Auditors’ work on the Other Information (OI) section of company reports outside of the financial statements do not meet the requirements of.... read more
Group taxation in Hungary: brand new opportunities for domestic companies
In principle, every Hungarian domestic taxpayer has to pay its own corporate income tax. However, thanks to the increasing worldwide tax.... read more
ACCA proposes redrafting audit standards
The Association of Chartered Certified Accountants (ACCA) has proposed that the International Standards on Auditing (ISAs) should be drafted using.... read more
Former Autonomy CEO Mike Lynch charged with fraud
Former Autonomy CEO Mike Lynch has been charged with fraud in the US, over a number of offences, including making false and misleading statements.... read more
IFRS Foundation Trustees adjust chair terms in constitution
The trustees of the IFRS Foundation have amended the foundation’s constitution by adjusting the appointment terms for the trustee chair and.... read more
