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Latest News - Regulation

PCAOB concludes fourth audit regulation Institute

  • Author: Lauren Mitchell
  • Published: 15 Nov 2010

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

  • Author: Ozge Ibrahim
  • Published: 12 Nov 2010

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

  • Author: TA editorial
  • Published: 10 Nov 2010

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

  • Author: TA editorial
  • Published: 9 Nov 2010

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

  • Author: TA editorial
  • Published: 4 Nov 2010

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

  • Author: TA editorial
  • Published: 2 Nov 2010

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

  • Author: TA editorial
  • Published: 1 Nov 2010

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

  • Author: TA editorial
  • Published: 27 Oct 2010

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

  • Author: TA editorial
  • Published: 25 Oct 2010

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

  • Author: TA editorial
  • Published: 19 Oct 2010

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

  • Author: TA editorial
  • Published: 19 Oct 2010

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

  • Author: TA editorial
  • Published: 30 Sep 2010

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

  • Author: TA editorial
  • Published: 30 Sep 2010

The US oversight board has recommended auditors improve their quality control systems.. read more

New Zealand to strengthen auditor regulation

  • Author: TA editorial
  • Published: 29 Sep 2010

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

  • Author: TA editorial
  • Published: 7 Sep 2010

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

  • Author: TA editorial
  • Published: 2 Sep 2010

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

  • Author: TA editorial
  • Published: 1 Sep 2010

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

  • Author: Carolyn Canham
  • Published: 27 Aug 2010

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

  • Author: TA editorial
  • Published: 19 Aug 2010

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

  • Author: TA editorial
  • Published: 17 Aug 2010

CPA Australia, the Institute of Chartered Accountants Australia and the National Institute of Accountants have issued competency requirements for.... read more

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