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Latest News - Regulation

US senate committee tackles financial crisis prevention

  • Author: TA editorial
  • Published: 7 Apr 2011

The US audit profession has defended the role of auditors in the financial crisis but suggested greater transparency could help prevent future.... read more

PCAOB to overhaul auditor reports

  • Author: TA editorial
  • Published: 23 Mar 2011

The US Public Company Accounting Oversight Board (PCAOB) will make changes to the auditors reporting model following its research which found that.... read more

FSA increases budget by £45million

  • Author: TA editorial
  • Published: 22 Mar 2011

The UK Financial Services Authority (FSA) has said that regulatory funding will see a 10% increase until 2012, rising from £454.7million to.... read more

UK audit inspections focus on scepticism

  • Author: TA editorial
  • Published: 21 Mar 2011

The Audit Inspection Unit (AIU) of the Financial Reporting Council (FRC) is widening the scope of its independent audit inspections to building.... read more

PCAOB inspectors uncover audit failures

  • Author: TA editorial
  • Published: 17 Mar 2011

Board inspectors at the US Public Company Accounting Oversight Board (PCAOB) have identified considerable failures of audit - including audits.... read more

US internal auditors oppose Sarbox repeal

  • Author: TA editorial
  • Published: 15 Mar 2011

US chief audit executives (CAEs) have said they are against repealing the SarbanesOxley Act (Sarbox) as the legislation ensures management focuses.... read more

South African audit exemptions contain risks: SAICA

  • Author: TA editorial
  • Published: 9 Mar 2011

The South African Institute of Chartered Accountants (SAICA) has called for a new audit points system in the Companies Act to be examined due to.... read more

FRC to boost board leadership

  • Author: TA editorial
  • Published: 3 Mar 2011

The Financial Reporting Council (FRC) has issued guidelines to encourage effective leadership by listed company boards.. read more

Zambia launches financial reporting framework

  • Author: TA editorial
  • Published: 3 Mar 2011

The Zambia Institute of Chartered Accountants has launched a three tier financial reporting framework.. read more

SEC adopts US GAAP financial reporting taxonomy

  • Author: TA editorial
  • Published: 3 Mar 2011

The US Securities and Exchange Commission (SEC) has adopted the 2011 US GAAP financial reporting taxonomy. The taxonomy is a list of.... read more

IFAC issues a guide to CA body

  • Author: TA editorial
  • Published: 25 Feb 2011

The International Federation of Accountants (IFAC) and the professional accountancy organization development committee (PAODC) have issued a.... read more

Auditors to play bigger role in pension assurance

  • Author: TA editorial
  • Published: 18 Feb 2011

UK Auditors will now be required to assist pension trustees to help ensure member records are complete and accurate separate to the audit. But in.... read more

APB issues ISA 700 revision

  • Author: TA editorial
  • Published: 15 Feb 2011

The APB has amended the short form description of the scope of an audit, referring to the auditors responsibility under ISAs to read all financial.... read more

ICAS favours Swiss banking supervision model

  • Author: TA editorial
  • Published: 15 Feb 2011

The Institute of Chartered Accountants of Scotland (ICAS) has advised the UK Financial Services Authority (FSA) and Bank of England to use the.... read more

Bloomberg talks up US GAAP as merger talks continue

  • Author: TA editorial
  • Published: 14 Feb 2011

The Mayor of New York Michael Bloomberg said a merger between New York and German stock exchanges could force European listed companies to apply US.... read more

UK FSA issues bank auditors code of practice

  • Author: TA editorial
  • Published: 10 Feb 2011

The UK Financial Services Authority (FSA) has issued a draft code of practice to enhance the dialogue between auditors and supervisors. The FSA,.... read more

Minister dismisses call to delay iXBRL

  • Author: TA editorial
  • Published: 10 Feb 2011

Earlier this month the Institute of Chartered Accountants of Scotland (ICAS) and other large institutes urged the UK government to review its 1.... read more

UK public sector audits fees to rise

  • Author: TA editorial
  • Published: 8 Feb 2011

The scraping of the audit commission will result in higher audit fees with most of the work going to the Big Four, the UK House of Commons.... read more

EC AUDIT REFORM: Communication key to audit quality

  • Author: TA editorial
  • Published: 7 Feb 2011

Improving auditor involvement with the annual report to provide greater assurance and boosting communication between auditors, regulators and a.... read more

PCAOB appoints board member

  • Author: TA editorial
  • Published: 4 Feb 2011

Steven Richards has been appointed a member of the US Public Company Accounting Oversight Board (PCAOB). In his new role Richards will act as a.... read more


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