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Cashflow issues make UK small business owners want to quit!

  • Published: 2 Jul 2019

Research from Xero and PayPal reveals 37% of UK small businesses owners have considered closing their company because of cash flow issues caused by.... read more

ICAS, CIOT strategic partnership and joint qualification

  • Published: 1 Jul 2019

The Institute of Chartered Accountants of Scotland (ICAS) and the Chartered Institute of Taxation (CIOT) have announced a strategic partnership and.... read more

EFRAG supportive of IASB proposals to amend IFRS 3

  • Published: 1 Jul 2019

EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2019/3 Reference to the Conceptual Framework (Proposed.... read more

PCAOB inspection of BDO reveals deficiencies in audits

  • Published: 1 Jul 2019

The Public Company Accounting Oversight Board (PCAOB) has published its report on the inspection of BDO USA. In nine of the 23 audits reviewed,.... read more

FRC identifies reporting issues at 29 out of 53 companies

  • Published: 28 Jun 2019

More than half of the companies whose reports and accounts have been reviewed by the Financial Reporting Council’s corporate reporting review (CRR).... read more

FASB proposes narrow-scope improvements to credit losses standard

  • Published: 28 Jun 2019

The Financial Accounting Standards Board (FASB) has  issued a proposed Accounting Standards Update (ASU) that would address issues raised by.... read more

Association of International Certified Professional Accountants joint project to improve corporate sustainability

  • Published: 27 Jun 2019

The Association of International Certified Professional Accountants (the Association) and the World Business Council for Sustainable Development.... read more

IASB consults on amendments to IFRS 17

  • Published: 26 Jun 2019

The International Accounting Standards Board (IASB) has proposed amendments to the insurance contracts Standard, IFRS 17, for public consultation..... read more

New CEO for Hong Kong Institute of CPAs

  • Published: 26 Jun 2019

The Hong Kong Institute of Certified Public Accountants (HKICPA) has appointed Ms Margaret W.S. Chan as the Institute's new Chief Executive and.... read more

FASB seeks input on segment reporting

  • Published: 26 Jun 2019

The Financial Accounting Standards Board (FASB) is seeking public companies to participate in a study that focuses on potential improvements to the.... read more

Citizenship by investment and tax residency – telling the difference

  • Published: 25 Jun 2019

During an event hosted in St Kitts and Nevis last week, an Ernst & Young (EY) tax specialist reiterated the importance of grasping the difference.... read more

Thomson Reuters to acquire Confirmation

  • Published: 25 Jun 2019

Thomson Reuters has signed a definitive agreement to acquire Confirmation, a provider of secure audit confirmation services. Confirmation has a.... read more

FASB may extend standards implementation deadlines

  • Published: 21 Jun 2019

Speaking at the IMA 2019 Annual Conference and Expo in San Diego, California, this week, Financial Accounting Standards Board (FASB) chairman.... read more

EFRAG publishes final comment on IASB’s benchmark rate plans

  • Published: 21 Jun 2019

The European Financial Reporting Advisory Group (EFRAG) has published its final comment letter in response to the IASB's Exposure Draft.... read more

AICPA proposed auditing standard addresses analytics, blockchain

  • Published: 21 Jun 2019

The American Institute of CPA’s (AICPA) Auditing Standards Board (ASB) has issued Proposed Statement on Auditing Standards (SAS), Audit Evidence,.... read more

SEC overturns PCAOB ruling against former KPMG partner Reinhart

  • Published: 20 Jun 2019

Cynthia C. Reinhart, who was a partner at KPMG LLP, a registered public accounting firm, had appealed disciplinary action by the Public Company.... read more

HMRC updates guidance on disguised remuneration loan charge

  • Published: 20 Jun 2019

Disguised remuneration loan schemes are used to avoid paying Income Tax and National Insurance contributions. HMRC has updated guidance on the.... read more

AICPA’s ARSC may align US statements with international standards

  • Published: 19 Jun 2019

The American Institute of CPA’s (AICPA) Accounting and Review Services Committee (ARSC) has issued an exposure draft of a Proposed Statement on.... read more

Bipartisan effort to delay implementation of CECL methodology

  • Published: 19 Jun 2019

US Congressman Vicente Gonzalez has introduced a bipartisan bill to delay the implementation of CECL (current expected credit loss) while.... read more

UK measures to ensure small businesses get paid on time

  • Published: 19 Jun 2019

For the first time large businesses in the UK could be fined for failing to pay smaller suppliers on time as part of a robust package of measures.... read more


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