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Latest News - Standards

Standard setters publish joint report on the need for more professional scepticism

  • Author: Stephanie Wix
  • Published: 15 Aug 2017

The International Auditing and Assurance Standards Board (IAASB), the International Ethics Standards Board for Accountants (IESBA), and the.... read more

The UK government made the right decision in delaying Making Tax Digital, finds survey

  • Author: Stephanie Wix
  • Published: 15 Aug 2017

Findings from a survey on Making Tax Digital (MTD) have revealed that 86% of respondents think that the UK government has made the right decision.... read more

IFRS Foundation perceived as not reactive enough to a changing world

  • Author: Stephanie Wix
  • Published: 15 Aug 2017

Research conducted by independent research agency Ebiquity has revealed that the main reputational weakness for the IFRS Foundation is the.... read more

CFO Leadership Network announces first sustainability projects in Canada

  • Author: Stephanie Wix
  • Published: 10 Aug 2017

Since the creation of the Canadian Chapter of the Prince of Wales’s Accounting for Sustainability (A4S) CFO Leadership Network in March 2017 the.... read more

Quality of non-comparable disclosure under IFRS is insufficient, says ICAEW

  • Author: Stephanie Wix
  • Published: 4 Aug 2017

The Institute of Chartered Accountants in England and Wales (ICAEW) has published a briefing on disclosure quality and international comparability.... read more

IIRC’s own integrated report reveals resources are constrained regardless of progress

  • Author: Stephanie Wix
  • Published: 1 Aug 2017

The International Integrated Reporting Council (IIRC) has released its 2016 integrated report on its progress in meeting its aim to promote.... read more

USA SEC opens consultation on PCAOB’s changes to the auditor’s report

  • Author: Vincent Huck
  • Published: 31 Jul 2017

THE USA SEC has published the PCAOB’s proposed rules on the auditor’s report in the Federal Register for comments by 18 August 2017.. read more

Standards of audit quality for companies in UK is improving, FRC report suggests

  • Author: Sarajuddin Isar
  • Published: 28 Jul 2017

Standards of audit quality for FTSE 350 companies in UK is improving, according to a second annual report, Developments in Audit published by the.... read more

PCAOB sanctions and censures Crowe Horwath Hong Kong

  • Author: Stephanie Wix
  • Published: 27 Jul 2017

The Public Company Accounting Oversight Board (PCAOB) has sanctioned a disciplinary order against Hong Kong-based audit firm Crowe Horwath (CHHK).... read more

News brief: FRC publishes factsheet on non-financial reporting directive

  • Author: Stephanie Wix
  • Published: 27 Jul 2017

The FRC has published a factsheet on the new regulations implementing the EU Non-Financial Reporting Directive on non-financial and diversity.... read more

EY and KPMG tapping into the certification of climate change bonds

  • Author: Stephanie Wix
  • Published: 27 Jul 2017

Climate bonds are increasingly being certified, but while all the Big Four firms are approved verifiers under the Climate Bond Standard, so far.... read more

CIPFA launches consultation on its service reporting code of practice

  • Author: Sarajuddin Isar
  • Published: 27 Jul 2017

The Chartered Institute of Public Finance and Accountancy’s (CIPFA) local authority accounting panel has launched a consultation on its service.... read more

USA standards setter urged by politicians and securities officials to introduce country-by-country tax reporting

  • Author: Vincent Huck
  • Published: 21 Jul 2017

Members of the USA House of Representatives and members of the SEC's Investor Advisory Committee (IAC) have separately sent a letter to the.... read more

FTSE 350 audit quality levels on the rise in UK FRC annual report

  • Author: Stephanie Wix
  • Published: 19 Jul 2017

The UK Financial Reporting Council (FRC) has released its 2016/2017 annual report highlighting the regulators projects and actions taken.. read more

Users of financial reports believe alternative performance measures are useful to assess company’s performance as a supplement to GAAP measures in New Zealand, XRB survey suggests

  • Author: Sarajuddin Isar
  • Published: 19 Jul 2017

Eighty eight percent of users of financial information in New Zealand believe that alternative performance measures (APMs) are useful or sometimes.... read more

South African Institute finds new auditor’s report more informative and transparent

  • Author: Sarajuddin Isar
  • Published: 18 Jul 2017

The South African Institute of Chartered Accountants (SAICA) has published a report providing an overview and analysis of the first batch of.... read more

UK FRC issues revision to auditing standard

  • Author: Vincent Huck
  • Published: 17 Jul 2017

The UK Financial Reporting Council (FRC) has issued revision to ISA (UK) 250 – consideration of laws and regulations in an audit of financial.... read more

Spanish corporation of auditors joins the IIRC

  • Author: Vincent Huck
  • Published: 14 Jul 2017

The Spanish Corporation of Auditors of the General Council of Economists (known as REA+REGA) has joined the International Integrated Reporting.... read more

EU expert group calls for convergence of financial and non-financial reporting

  • Author: Vincent Huck
  • Published: 14 Jul 2017

The European Union (EU) High-Level Expert Group on Sustainable Finance (HLEG) has released its first report recommending that the EU Commission.... read more

Sixty eight countries sign a multilateral convention to reduce tax avoidance by multinational enterprises

  • Author: Sarajuddin Isar
  • Published: 8 Jun 2017

Sixty eight jurisdictions have signed a multilateral convention which aims to reduce tax avoidance by multilateral enterprises.. read more


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