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Latest News - Regulation

Singapore to monitor EU audit reforms

  • Author: TA editorial
  • Published: 9 Sep 2011

At a recent ICPAS and Institute of Chartered Accountants in England and Wales (ICAEW) panel discussion on the Future of Audit Kan said the EC Green.... read more

US federal accounting board to review lease accounting

  • Author: TA editorial
  • Published: 8 Sep 2011

The Federal Accounting Standards Advisory Board (FASAB) has approved a plan to review existing federal lease accounting standards and consider.... read more

GASB proposes to reclassify assets and liabilities

  • Author: IAB editorial
  • Published: 7 Sep 2011

The proposal,Reporting Items Previously Recognized as Assets and Liabilities, intends to apply its conceptual definitions of deferred outflows of.... read more

Mainland China and Hong Kong sign convergence declaration

  • Author: TA editorial
  • Published: 6 Sep 2011

A joint declaration has been signed between the Mainland China and Hong Kong standard setters, paving the way for ongoing convergence of auditing.... read more

IIA supports FRC proposal on risk reporting

  • Author: TA editorial
  • Published: 6 Sep 2011

The Chartered Institute of Internal Auditors (IIA) has welcomed an FRC proposal to focus narrative reporting on risk.. read more

FRC proposes to increase reporting on strategic risks

  • Author: TA editorial
  • Published: 1 Sep 2011

The UK Financial Reporting Council (FRC) has called for more information on key strategic risks of a company to be included in financial reports..... read more

IASB concerned over sovereign debt accounting

  • Author: TA editorial
  • Published: 30 Aug 2011

The International Accounting Standards Board has expressed concern over the inconsistent way that banks and insurers have been applying IAS 39.... read more

IASB issues investment funds proposal

  • Author: TA editorial
  • Published: 26 Aug 2011

The International Accounting Standards Board (IASB) is to exempt investment entities from consolidation requirements of IFRS 10, according to an.... read more

Harvard paper tackles IFRS adoption politics

  • Author: TA editorial
  • Published: 25 Aug 2011

The International Politics of IFRS harmonization paper uses field studies in Canada, China and India to analyse how international politics can.... read more

UK small companies to see reduced reporting requirements

  • Author: TA editorial
  • Published: 25 Aug 2011

The discussion paper published by the department for Business, Innovation and Skills and the regulator proposes easing corporate reporting.... read more

AASB consults on potential IFRS 3 and IAS 38 improvements

  • Author: IAB editorial
  • Published: 19 Aug 2011

The Australian Accounting Standards Board (AASB) has issued a consultation to identify any improvements that could be made to the principles in.... read more

US public companies should be allowed to adopt IFRS

  • Author: IAB editorial
  • Published: 18 Aug 2011

US public companies should be given the option to adopt IFRS, the American Institute of Certified Public Accountants (AICPA) has recommended to the.... read more

Irish government exempts more businesses from audit

  • Author: IAB editorial
  • Published: 18 Aug 2011

The Irish government is planning to increase the number of businesses exempt from mandatory audit to the maximum level permitted under European law.... read more

PCAOB consults on independence and audit firm rotation

  • Author: TA editorial
  • Published: 16 Aug 2011

The US Public Company Accounting Oversight Board (PCAOB) has issued a concept release on mandatory audit firm rotation. The concept release seeks.... read more

SEC launches new whistleblower programme

  • Author: TA editorial
  • Published: 15 Aug 2011

The US Securities and Exchange Commission (SEC) has launched a whistleblower program.. read more

The PCAOB considers audit firm rotation

  • Author: TA editorial
  • Published: 12 Aug 2011

The Public Company Accounting Oversight Board (PCAOB) is meeting to consider a concept release on auditor independence and audit firm rotation.. read more

APB revises guidance on government financial statements

  • Author: IAB editorial
  • Published: 11 Aug 2011

The UK Financial Reporting Councils Auditing Practices Board (APB) has updated auditing guidance on central government financial statements in the.... read more

Commissioner Casey leaves SEC

  • Author: TA editorial
  • Published: 9 Aug 2011

The US Securities and Exchange Commission (SEC) said commissioner Kathleen Casey will leave the regulator having completed her five-year term on.... read more

Private sector to handle Audit Commission work

  • Author: TA editorial
  • Published: 29 Jul 2011

UK Communities Secretary Eric Pickles has confirmed all of the public audit work currently carried out by the Audit Commission (AC) will be.... read more

OFT provisionally refers audit to Competition Commission

  • Author: TA editorial
  • Published: 29 Jul 2011

The Office of Fair Trading (OFT) has provisionally referred the UK audit market to the Competition Commission (CC) for investigation. The OFTs.... read more


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