Latest News
SEC appoints acting chief accountant
The US’ Securities and Exchange Commission (SEC) has appointed Sagar Teotia as its acting chief accountant following the departure of Wesley.... read more
FASB SIMPLIFIES ACCOUNTING FOR GOODWILL, INTANGIBLES FOR NOT-FOR-PROFITS
The US Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that reduces the cost of accounting for goodwill.... read more
Hong Kong’s FRC and China’s Ministry of Finance sign MoU on cooperation of audit regulation
Hong Kong’s Financial Reporting Council (FRC) and the Supervision and Evaluation Bureau (SEB) of China’s Ministry of Finance (MOF) have signed a.... read more
The UK’s FRC sets out plan to transition into ARGA
The UK’s Financial Reporting Council (FRC) has set out its plan to transition into the new regulator Audit, Reporting and Governance Authority.... read more
KPMG US to add tax program at VSB and USC to its Master of Accounting Program
The Villanova School of Business (VSB) and the University of Southern California (USC) Leventhal School of Accounting is adding a tax programme to.... read more
FASB issues simplification initiative for income tax
The US’ Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) proposing to simplify accounting for income taxes.. read more
ACCA study reveals 55% of public misunderstand audit
A research study conducted by the Association of Chartered Certified Accountants (ACCA) has revealed that 55% of the public believe auditors could.... read more
CPA Ireland appoints president
Certified Public Accountants in Ireland (CPA Ireland) appointed Gearóid O’Driscoll as its president at its Annual General Meeting held on 1 May 2019.. read more
Interest rate benchmarks reform prompts potential changes to IFRS
The International Accounting Standards Board (IASB) has proposed changes to financial instruments standards IAS 39 and IFRS 9 in response to the.... read more
ISCA elects four council members
The Institute of Singapore Chartered Accountants (ISCA) has elected four members to the ISCA Council.. read more
ICAS appoint president
The Institute of Chartered Accountants of Scotland (ICAS) has appointed Mike McKeon as its president.. read more
FAF president and CEO resigns
The Financial Accounting Foundations (FAF) president and CEO, Teresa Polley, has announced her resignation after eleven years leading the.... read more
KPMG partner to face disciplinary hearing over audit of BNY Mellon
The UK’s Financial Reporting Council’s (FRC) is launching a hearing of its disciplinary tribunal on 21 May to consider formal action against KPMG.... read more
Dominica joins international efforts against tax evasion and avoidance
The Caribbean nation of Dominica has signed the Organisation for Economic Co-operation and Development (OECD) and the Council of Europe’s.... read more
CIMA launches resource learning centre for emerging technologies
The Chartered Institute of Management Accountants (CIMA) has launched a learning resource centre to help finance professionals take advantage of.... read more
FASB appoints acting technical director
The Financial Accounting Standards Board (FASB) has appointed Shayne Kuhaneck as its acting technical director, effective 1 May 2019. Kuhaneck is.... read more
ACCA ‘disappointed’ with CMA’s proposals for reforming UK audit industry
ACCA executive director of governance Maggie McGhee has described many of the remedies the Competition and Markets Authority’s (CMA) recommended in.... read more
Accounting scandal rocks Irish FA
The entire board of the Football Association of Ireland (FAI) is to resign after its auditor, Deloitte, notified the Irish Companies Registration.... read more
GRI teams with ASviS to support sustainable development
The Global Reporting Initiative (GRI) and The Italian Alliance for Sustainable Development (ASviS) have signed a memorandum of understanding to.... read more
CPA Canada and ICAZ sign reciprocal membership agreement
Chartered Professional Accountants of Canada (CPA Canada) and the Institute of Chartered Accountants of Zimbabwe (ICAZ) have signed a reciprocal.... read more
