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FASB proposes alternative to accounting for goodwill and certain identifiable intangible assets for non-for-profits

  • Published: 3 Jan 2019

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

  • Published: 3 Jan 2019

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

  • Published: 20 Dec 2018

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

  • Published: 18 Dec 2018

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

  • Published: 18 Dec 2018

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

  • Author: Joe Pickard
  • Published: 14 Dec 2018

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

  • Published: 14 Dec 2018

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

  • Author: Joe Pickard
  • Published: 13 Dec 2018

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

  • Published: 13 Dec 2018

The independent regulatory board for auditors (IRBA) has appointed Nitasha Naicker as its director of operations.. read more

ICAN joins Chartered Accountants Worldwide

  • Published: 13 Dec 2018

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

  • Author: Joe Pickard
  • Published: 12 Dec 2018

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

  • Published: 11 Dec 2018

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

  • Published: 10 Dec 2018

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

  • Published: 7 Dec 2018

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

  • Author: Joe Pickard
  • Published: 6 Dec 2018

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

  • Published: 4 Dec 2018

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

  • Author: Joe Pickard
  • Published: 4 Dec 2018

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

  • Author: Joe Pickard
  • Published: 30 Nov 2018

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

  • Published: 29 Nov 2018

The trustees of the IFRS Foundation have amended the foundation’s constitution by adjusting the appointment terms for the trustee chair and.... read more


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