Latest News
FAF trustees appoint Fiona Ma to the Governmental Accounting Standards Advisory Council
The US’ Financial Accounting Foundation’s (FAF) Board of Trustees has appointed California State Treasurer Fiona Ma to the Governmental Accounting.... read more
IPASB issues exposure draft for public sector specific financial instruments
The International Public Sector Accounting Standards Board (IPSASB) has released an Exposure Draft, Public Sector Financial Instruments, Amendments.... read more
ASB’s proposed Standard encourages professional scepticism
The American Institute of CPAs’ (AICPA) Auditing Standards Board (ASB) has issued Proposed Statement on Auditing Standards (SAS), Auditing.... read more
IASB to hold further meeting on IBOR reform
The IASB is holding an additional meeting on 28 August to discuss feedback received on ED/2019/1 'Interest Rate Benchmark Reform (Proposed.... read more
PCAOB provides guidance on auditing estimates and use of specialists
The US Public Company Accounting Oversight Board (PCAOB) has released four staff guidance documents to raise awareness and assist auditors in.... read more
ICAEW comments on employment allowance and state aid
The Institute of Chartered Accountants in England and Wales (ICAEW) has submitted its comments on the Employment Allowance eligibility reforms.... read more
FASB proposes delay to insurance standards on long-duration contracts
The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) that would grant all insurance companies.... read more
New AICPA Discussion Paper tackles materiality
A new discussion paper from the American Institute of CPAs (AICPA) discusses the challenges of determining materiality in an attestation engagement.... read more
Moody’s says FASB got it wrong in delay to lease accounting
Analysis by Moody’s of the Financial Accounting Standards Board’s decision to delay the implementation of changes to how private companies report.... read more
HMRC auto-enrols companies in customs system
HMRC is stepping up efforts to ensure businesses are ready to trade post-Brexit by automatically enrolling companies in a customs system, doubling.... read more
UK Chancellor considering AAT stamp duty proposal
In his first interview as Chancellor, published in The Times on 17 August, Sajid Javid MP confirmed he is considering the Association of Accounting.... read more
AICPA releases working drafts on new credit loss standard
The AICPA’s Financial Reporting Executive Committee (FinREC) has issued working drafts of accounting issues related to the implementation of.... read more
FASB issues proposal to delay effective dates for private companies
The Financial Accounting Standards Board (FASB) has proposed an Accounting Standards Update (ASU) that would grant private companies,.... read more
IFAC issues positive comment on IAASB paper on Less Complex Entities
IFAC has submitted a comment letter to further highlight the importance of the issues covered in the IAASB’s Discussion Paper, Audits of Less.... read more
FCA agrees phased implementation of Strong Customer Authentication
The UK Financial Conduct Authority (FCA) has agreed a plan that gives the payments and e-commerce industry extra time to implement Strong Customer.... read more
New Zealand gives the greenlight to crypto salaries
The New Zealand Inland Revenue (Te Tari Takke) has issued a public ruling allowing employees to receive salaries in cryptocurrencies from 1.... read more
HMRC specialist task forces generate £541m
There has been a 17% increase in the amount of extra revenue generated by HMRC’s specialist task forces in just a year to £541m in 2018/19, up from.... read more
Deloitte US uses AI to transform indirect tax recovery
Deloitte US has deployed a technology-enabled solution — CognitiveTax Insight (CogTax) — to provide a more efficient analysis of clients' indirect.... read more
IVSC consults on financial instruments agenda
The recently appointed Financial Instruments Standards Board (FISB) has published an Agenda Consultation, seeking feedback regarding the approach.... read more
