Latest News - Regulation
PCAOB concludes fourth audit regulation Institute
The Public Company Accounting Oversight Boards (PCAOB) held its fourth annual International Auditor Regulatory Institute last week, to highlight.... read more
ASB issues improvements to FRS
The Accounting Standards Board (ASB) has released a new report containing improvements to Financial Reporting Standards (FSB) for 2010 The report,.... read more
Lords enquiry points finger at regulators
Lord Lawson accused city regulators and the audit community of being asleep on the job prior to the financial crisis, a House of Lords enquiry.... read more
UK companies miss carbon reporting targets
The comments follow the publication of the report, Seeing the wood for the trees, which found only a handful of 100 listed companies who.... read more
PCAOB clamps down on foreign auditors
Non-Public Company Accounting Oversight Board (PCAOB)-registered firms will find it much harder to gain access to US companies if they are based in.... read more
China to launch internal control system
The new system, to be implemented within ten years, will have basic rules and several guidelines aimed at preventing companies from feeling the.... read more
SEC on track for 2011 IFRS decision
The SEC issued its first progress report on a work plan launched this year and the regulators chief accountant Jim Kroeker said it has already made.... read more
Financial instruments disclosures improves in EU: CESR
The statement follows a previous report, Application of Disclosure Requirements related to Financial Instruments in the 2008 Financial Statements.... read more
PCAOB finds deficiencies in KPMG audits
The watchdog said in certain audits KPMG failed to identify or address errors in the issuers application of US GAAP, which in some cases could be.... read more
Annual reports more than 100 pages: Deloitte
The study found that narrative reporting has increased substantially in recent years due to an increased understanding of accounting standards and.... read more
Corporate reporting vital for world economy: ISAR
The Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting (ISAR) met in Geneva last week to discuss.... read more
ACRA expands CPA experience rules
New rules in Singapore will allow international auditor experience to be recognised when registering as a CPA Under the revision, two out of the.... read more
PCAOB: US auditors fell short during global crisis
The US oversight board has recommended auditors improve their quality control systems.. read more
New Zealand to strengthen auditor regulation
The Auditor Regulation and External Reporting Bill will require New Zealands accounting institute to regulate auditors as a specialist profession,.... read more
Davies takes charge of new UK audit practice
The board of the UK Audit Commission has appointed Gareth Davies as managing director of its new audit practice. Davies has been appointed to lead.... read more
Singapore pushes sustainability reporting
The Singapore Exchange (SGX) has issued a draft sustainability reporting policy statement and guide intended to encourage more companies to adopt.... read more
Small Canadian companies struggle with IFRS
A third of Canadian companies with revenue below C$49m ($46.5m) have said they dont have the resources to convert to IFRS. However, most Canadian.... read more
Software vendors struggle under GAAP switch
Accountancy software providers have much at stake when the UK Accounting Standards Board (ASB) releases its plans for the future of UK financial.... read more
Narrative reporting demands more attention
The FRRPs annual report notes that during the past year, companies were often asked to provide more information to help explain apparent.... read more
Aus institutes issue competency requirement
CPA Australia, the Institute of Chartered Accountants Australia and the National Institute of Accountants have issued competency requirements for.... read more
