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Latest News - Regulation

UK Audit Commission abolished

  • Author: TA editorial
  • Published: 16 Aug 2010

The UK Audit Commission, which is responsible for checking the efficiency of 11,000 public sector bodies, will be scrapped and its functions.... read more

Japanese regulator proposes IFRS expansion

  • Author: TA editorial
  • Published: 9 Aug 2010

The Financial Services Agency (FSA) of Japan has proposed to allow the non-public subsidiaries of domestic IFRS issuers the option of using IFRS.... read more

Disciplinary board seeks more transparency

  • Author: TA editorial
  • Published: 3 Aug 2010

The UKs Accountancy and Actuarial Discipline Board (AADB) has issued draft guidance designed to create more transparency in the boards decision.... read more

Performance of UK bodies not up to scratch

  • Author: TA editorial
  • Published: 28 Jul 2010

The Association of Chartered Certified Accountants, Institute of Chartered Accountants in England and Wales, Chartered Accountants Ireland and.... read more

Basel Committee reform package receives support

  • Author: TA editorial
  • Published: 27 Jul 2010

The Group of Governors and Heads of Supervision of the Basel Committee on Banking Supervision has agreed on the design of a capital and liquidity.... read more

APB resists banning non-audit services

  • Author: TA editorial
  • Published: 23 Jul 2010

The UK Auditing Practices Board (APB) has proposed amended ethics standards designed to increase transparency around audit firms provision of.... read more

US law breaks PCAOB co-operation barriers

  • Author: US law breaks PCAOB co-operation barriers
  • Published: 22 Jul 2010

The US Public Company Accounting Oversight Board (PCAOB) can now share information with foreign auditor oversight authorities, thanks to the.... read more

FASB proposes lower loss disclosure threshold

  • Author: TA editorial
  • Published: 21 Jul 2010

The US Financial Accounting Standards Board (FASB) has proposed amendments to accounting standards that are intended to introduce more clarity to.... read more

Audit Inspection Unit issues 2010 annual report

  • Author: TA editorial
  • Published: 21 Jul 2010

The Audit Inspection Unit (AIU) reviews the quality of the statutory audits of listed and other major public interest entities that fall within its.... read more

Accountants face tighter fee laws

  • Author: TA editorial
  • Published: 7 Jul 2010

Australian accountants who are financial planners face a new ethics standard designed to prevent cases of inappropriate financial advice driven by.... read more

Regulators must consider internal audit: IIA

  • Author: TA editorial
  • Published: 7 Jul 2010

An investigation by UK regulators into the role and scope of external audit in relation to the regulation of financial services companies should.... read more

SA regulators clash over review regulation

  • Author: TA editorial
  • Published: 2 Jul 2010

South Africas accounting and auditing regulators are at odds over draft changes to the Companies Act that would see small businesses exempt from.... read more

PCAOB verdict a 'victory' for the profession

  • Author: TA editorial
  • Published: 29 Jun 2010

The US Supreme Court decision on the constitutionality of the Public Company Accounting Oversight Board (PCAOB) is a victory for investors and the.... read more

Auditors criticised for lack of scepticism

  • Author: Carolyn Canham
  • Published: 29 Jun 2010

Auditors have been criticised for falling short of expectations for professional scepticism in a consultation by the UK Financial Services.... read more

IFAC calls for swift action from G20

  • Author: TA editorial
  • Published: 25 Jun 2010

The International Federation of Accountants (IFAC) has written to G20 ministers calling for improvements to government transparency and.... read more

South African auditors to receive new ethics rules

  • Author: TA editorial
  • Published: 24 Jun 2010

South Africas Independent Regulatory Board for Auditors (IRBA) has revised its ethics rules for auditors.. read more

UK accountancy bodies call for tax simplification

  • Author: TA editorial
  • Published: 23 Jun 2010

An emergency UK budget shows support for public companies and small businesses, however, much needed simplification of the tax system has failed to.... read more

UK firms unprepared for iXBRL tax filing

  • Author: TA editorial
  • Published: 22 Jun 2010

UK accountancy firms are failing to address the wider implications of the move to iXBRL corporation tax filing, according to a study by tax and.... read more

Research finds SOX approval grows with time

  • Author: TA editorial
  • Published: 21 Jun 2010

Positive attitudes towards Sarbanes-Oxley (SOX) compliance grow the longer a company has complied with the law, according to research from.... read more

MCA halt peer audit review plan

  • Author: TA editorial
  • Published: 16 Jun 2010

Indias Ministry of Corporate Affairs (MCA) has ruled out independently appointed peer reviews of listed company audits, a proposal that was mooted.... read more

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