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Latest News - Regulation

Businesses not ready for iXBRL tax filing

  • Author: TA editorial
  • Published: 1 Feb 2011

The Institute of Chartered Accountants of Scotland (ICAS) and other large institutes have urged the UK government to review the date of mandatory.... read more

IAASB seeks comment on financial statement disclosures

  • Author: TA editorial
  • Published: 25 Jan 2011

The International Auditing and Assurance Standards Board (IAASB) has issued papers for discussion exploring disclosures in financial statements..... read more

Former ECA member clarifies sabotage claims

  • Author: TA editorial
  • Published: 18 Jan 2011

Former European Court of Auditors (ECA) member Maarten Engwirda has clarified claims that attempts to sabotage his work occurred prior to 2000. In.... read more

FRC and FSA to share audit information

  • Author: TA editorial
  • Published: 17 Jan 2011

The Financial Services Authority (FSA) and the Financial Reporting Council (FRC) have expanded the information they can exchange to improve audit.... read more

Auditor court dismisses "cover up" accusations

  • Author: TA editorial
  • Published: 13 Jan 2011

The European Court of Auditors (ECA) has said accusations by a former member that it operated in a culture of cover-upare unfounded. The former.... read more

EU auditors accused of 'cover-ups'

  • Author: TA editorial
  • Published: 12 Jan 2011

The European Court of Auditors has been accused of having a culture of cover-up by a former court member, according to media reports. Maarten.... read more

PCAOB and POB sign co-operation deal

  • Author: TA editorial
  • Published: 10 Jan 2011

UK and US regulators have signed an information sharing agreement aimed at improving the level of cooperation in oversight and inspection of audit.... read more

APB tightens non-audit service rules

  • Author: TA editorial
  • Published: 17 Dec 2010

In the responses to the boards proposals on ethical standards there was strong support to increase the oversight of auditors providing non-audit.... read more

IPSASB launches public sector reporting consultation

  • Author: TA editorial
  • Published: 16 Dec 2010

The International Public Sector Accounting Standards Board (IPSASB) is seeking comment on its conceptual framework for public sector reporting. The.... read more

PCAOB proposes broker-dealer audit rules

  • Author: TA editorial
  • Published: 15 Dec 2010

The US Public Company Accounting Oversight Board (PCAOB) has proposed rules to expand its oversight authority to cover audits of securities brokers.... read more

GRI and OECD seal agreement

  • Author: TA editorial
  • Published: 14 Dec 2010

The GRI and the OECD aim to encourage companies to use both the OECD Guidelines for Multinational Enterprises and the GRI Sustainability Reporting.... read more

FRC rejects EC reforms

  • Author: TA editorial
  • Published: 10 Dec 2010

However, the FRC supports some of the proposals, including reducing audit market concentration, improving transparency in the audit process,.... read more

ICAS proposes new corporate assurance model

  • Author: TA editorial
  • Published: 7 Dec 2010

The Future of Assurance outlines a new model of corporate assurance, including the external audit and assurance process and develops the.... read more

Global accountancy profession split, says report

  • Author: TA editorial
  • Published: 2 Dec 2010

CFOs working in the East and West havevery different and clearly defined aspirations,as eastern countries attempt to catchup with Western practice.... read more

FRRP names future review sectors

  • Author: TA editorial
  • Published: 26 Nov 2010

The FRRP said it will focus on companies operating in niche markets or those outside the FTSE 350 as they are seen to face more risk in the current.... read more

IIA forms oversight council

  • Author: TA editorial
  • Published: 24 Nov 2010

The Institute of Internal Auditors (IIA) has formed an oversight council that will develop guidance under the International Professional Practices.... read more

PCAOB boosts budget for 2011

  • Author: TA editorial
  • Published: 24 Nov 2010

The US Public Company Accounting Oversight Board (PCAOB) has increased its 2011 fiscal-year budget by 11% to $204.4 million.. read more

FAF sets up new review process

  • Author: Lauren Mitchell
  • Published: 23 Nov 2010

The Financial Accounting Foundations Board of Trustees has set up a process for conducting post-implementation reviews of financial accounting and.... read more

EC launches non-financial disclosures consultation

  • Author: TA editorial
  • Published: 23 Nov 2010

The European Commission has launched a consultation to improve the disclosure of non-financial social and environmental information by companies.. read more

Communication at the heart of change

  • Author: Ana Gyorkos
  • Published: 16 Nov 2010

UK financial regulators have told the House of Lords economics affairs committee that they want more power over the accountancy market to prevent.... read more

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