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Latest News - Standards

Deficit, brexit and SMEs must be priorities for incoming UK government, ICAEW President says

  • Author: Stephanie Wix
  • Published: 7 Jun 2017

ICAEW’s president Nick Parker has called for the incoming government to ensure it is equipped to tackle the deficit and handle Brexit while.... read more

PCAOB adopts new auditing standards and releases proposal on auditing accounting estimates

  • Author: Sarajuddin Isar
  • Published: 7 Jun 2017

The Public Company Accounting Oversight Board (PCAOB) has adopted new auditing standards and has released a proposal for consultation on auditing.... read more

A4S publishes guide on social and human capital accounting

  • Author: Rahman Aziz
  • Published: 6 Jun 2017

The Prince of Wales' Accounting for Sustainability project (A4S) has published a social and human capital accounting guide with practical examples.... read more

Natural Capital Coalition launches public consultation on an update to its framework

  • Author: Rahman Aziz
  • Published: 6 Jun 2017

The Natural Capital Coalition has launched a public consultation on the Finance Sector Supplement to the Natural Capital Protocol which aims to.... read more

News brief: Expert wanted to help Botswana's transition to accrual accounting

  • Author: Sarajuddin Isar
  • Published: 5 Jun 2017

Botswana is looking for a lead technician to manage the government's project of transitioning its finances from cash to accrual accounting.. read more

Djibouti joins the OECD’s BEPS framework

  • Author: Rahman Aziz
  • Published: 2 Jun 2017

Djibouti has joined the OECD’s inclusive framework on base erosion and profit shifting (BEPS) as well as the global forum on transparency and.... read more

News brief: EITI developments in Liberia, Mali and Suriname

  • Author: Rahman Aziz
  • Published: 31 May 2017

At its board meeting held earlier this week, the Extractive Industries Transparency Initiative (EITI) found that Liberia and Mali had made.... read more

SASB commissions research on the economic impacts of its standards

  • Author: Rahman Aziz
  • Published: 31 May 2017

The Sustainability Accounting Standards Board (SASB) has commissioned an independent analysis to understand the potential costs and benefits of.... read more

PCAOB to consider adopting standard on auditor report

  • Author: Rahman Aziz
  • Published: 26 May 2017

The Public Company Accounting Oversight Board (PCAOB) has announced it will be holding a public meeting on 1 June 2017 to consider the adoption of.... read more

News brief: Japan reiterates support for IFRS

  • Author: Sarajuddin Isar
  • Published: 26 May 2017

Japan’s Financial Accounting Standards Foundation (FASF) and the IFRS Foundation trustees have in a statement reiterated their shared commitment in.... read more

Businesses form group to identify natural and social capital valuation techniques

  • Author: Sarajuddin Isar
  • Published: 25 May 2017

Fifteen companies, most of them members of the World Business Council for Sustainable Development (WBCSD) have formed an informal group called the.... read more

News brief: AAT becomes member of the Association of Professional Political Consultants

  • Author: Stephanie Wix
  • Published: 24 May 2017

The Association of Accounting Technicians (AAT) has been approved as a member of the Association of Professional Political Consultants (APPC).. read more

European accountancy stakeholders defend EFRAG’s role and record against EU Commission plans of “streamlining”

  • Author: IAB and TA editorial
  • Published: 24 May 2017

Accountancy stakeholders from across Europe have responded strongly against plans from the European Union (EU) Commission of “streamlining” the.... read more

Italy’s experience reveals the extent of the challenge for the EU’s public sectors adoption of accrual accounting

  • Author: TA editorial
  • Published: 23 May 2017

Despite the European Union’s (EU) aspirations, the move to European Public Sector Accounting Standards (EPSAS) may take more time and be more.... read more

Answers vary on the accountancy professions role in achieving UN global goals

  • Author: Stephanie Wix
  • Published: 23 May 2017

Members of Chartered Accountants Worldwide (CAW) were invited to a discussion earlier this week on the role of the profession in achieving the.... read more

SASB Foundation launches membership programme with educational purposes

  • Author: Sarajuddin Isar
  • Published: 22 May 2017

The Sustainability Accounting Standards Board (SASB) Foundation has launched the SASB Alliance, a membership programme offering education and.... read more

Brexit uncertainty leads to hiring contractors rather than permanent staff

  • Author: Stephanie Wix
  • Published: 22 May 2017

Businesses are pushed by their uncertainty over Brexit to use contractors instead of hiring permanent staff, leading to non-EU accountants being.... read more

IASB issues IFRS 17 in insurance accounting shake up

  • Author: Stephanie Wix
  • Published: 18 May 2017

The profession has welcomed IFRS 17, issued by the International Accounting Standards Board (IASB), however it warned of the complexity and cost of.... read more

News brief, standards setting: Canada revises audit standards and Australia publishes guidance for tax transparency

  • Author: Vincent Huck
  • Published: 17 May 2017

Canada has made revisions to its audit standards and Australia has published guidance for tax transparency. read more

More OECD countries have adopted accrual accounting however IPSAS adoption remains low

  • Author: TA editorial
  • Published: 17 May 2017

A report by the International Federation of Accountants (IFAC) and the Organisation for Economic Co-operation and Development (OECD) highlighted.... read more


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