Latest News
IASB amends requirements for hedge accounting
The International Accounting Standards Board (IASB) has amended some of its requirements for hedge accounting.. read more
GRI appoints regional head of Greater China
The Global Reporting Initiative (GRI) has appointed Verna Lin to lead its Greater China Regional Hub, which has now been relocated from Beijing to.... read more
FRC: Audit firm transparency reports not visible enough and ineffective
The UK’s Financial Reporting Council (FRC) has found transparency reporting by accountancy firms performing audits to be currently ineffective with.... read more
GRI: driving alignment in climate-related reporting
The Corporate Reporting Dialogue (CRD) report, Driving Alignment in Climate-related Reporting found high levels of alignment between frameworks on.... read more
OECD: use of digital technologies set to increase tax compliance
The recently published eighth edition of the OECD’s Tax Administration Series reveals how tax administrations are increasingly moving to.... read more
UK’s FRC considering possible investigation into Thomas Cook
The UK’s Financial Reporting Council (FRC) is considering if there is any case for an investigation into the travel group Thomas Cook which went.... read more
ACCA report calls for social and environmental action
The Association of Chartered Certified Accountants (ACCA) calls for action dealing with the challenges of social and environmental value in its new.... read more
AAT appoints 39th president
The Association of Accounting Technicians (AAT) has appointed John Thornton as its 39th president, succeeding Vernon Anderson in the role.. read more
OECD: Taxes on polluting fuels are too low to encourage a shift to low-carbon alternatives
Taxing polluting sources of energy can be used as an effective way to reduce emissions that cause damage to the environment, however, 70% of.... read more
New board chair and vice-chair for CPA Canada
Chartered Professional Accountants of Canada (CPA Canada) has announced the appointment of a new chair and vice-chair for the organisation’s board.... read more
CPA Ireland and CPA Canada extend MRA
CPA Ireland and CPA Canada have extended their Mutual Recognition Agreement (MRA).. read more
UK’s FRC writes to audit committee chairs to offer advice on Brexit
The UK’s Financial Reporting Council (FRC) has sent a letter to audit committee chairs and finance directors to assist with preparations for the.... read more
AAT launches business school to help accountants develop essential skills
The Association of Accounting Technicians (AAT) has launched a business school which aims to equip accountants with the skills they require to.... read more
UK high earners pay more tax than the European average
The UK has lost its title as one of Europe’s low-tax jurisdictions, according to research from UHY International.. read more
Big Four firms to join The Valuable 500
Big Four firms Deloitte, KPMG and PwC have announced today that they will be joining EY by signing The Valuable 500.. read more
SEC proposes amendments to the CAT NMS Plan
The Securities and Exchange Commission has voted to propose amendments to the US national market system plan governing the Consolidated Audit Trail.... read more
FASB guidance on transition to new Reference Rates
The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) that would provide temporary optional.... read more
UK’s FRC publishes annual report as the transition to ARGA progresses
The UK’s Financial Reporting Council (FRC) has published its annual report for 2018/19, highlighting the work it has so far undertaken to begin its.... read more
IFAC launches ‘future-fit’ series to address changing role of accountants
With a changing and uncertain business environment, Chief Financial Officers (CFOs) and finance functions must evolve to sit at the heart of.... read more
Ghana watchdog hands out first-ever fines over audit failings
For the first time since it was established in 1963, Ghana’s accounting and auditing watchdog, the Institute of Chartered Accountants (ICAG) has.... read more
