Latest News
Chartered Institute of Management Accountants removes exemption fees
The Chartered Institute of Management Accountants (CIMA) is ending the practice of charging exemption fees for new students, who hold a relevant.... read more
FASB proposes improvements re distinguishing liabilities from equity
The US Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) intended to improve guidance for certain.... read more
IESBA unveils ethics code changes to promote 'mindset'
The International Ethics Standards Board for Accountants (IESBA) is proposing changes to the International Code of Ethics for Professional.... read more
FASB to clear up confusion over accounting standards on financial instruments and equity investment
The US Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) that aims to clarify the interaction.... read more
UK business losses from mandate fraud approach £100m
Businesses are being warned about the dangers of mandate fraud after new figures show that reported losses reached almost £100m in 2018/19. The.... read more
Dr Stavros Thomadakis reappointed as IESBA chair
The International Ethics Standards Board for Accountants (IESBA) has reappointed Dr. Stavros Thomadakis as IESBA Chairman for a further one-year.... read more
EBA publishes roadmap on IFRS 9 deliverables
The European Banking Authority (EBA) has published its IFRS 9 roadmap providing a comprehensive overview of planned monitoring activities on IFRS 9.... read more
FRC calls for large firms to report non-financial conduct
The Financial Reporting Council (FRC) has written to the six largest audit firms setting out its expectations for reporting of non-financial.... read more
Grant Thornton links with Ephesoft on content capture in the US
Grant Thornton LLP has formed an alliance with Ephesoft, Inc., a provider of enterprise content capture and data discovery solutions. Grant.... read more
GRI launch research project on relationship between SDGs and business reporting
The Global Reporting Initiative (GRI) and global power company Enel have launched a joint project to research whether the Sustainable Development.... read more
AICPA releases comment on small business accounting
The American Institute of CPAs (AICPA) has written to the US Internal Revenue Service (IRS) with recommendations on accounting methods for small.... read more
Greater transparency, clearer signalling of risk needed in audit – report
PwC’s new report The Future of Audit is based on a survey conducted in spring 2019 of 175 investors in UK businesses, and 198 UK business leaders..... read more
EFRAG launches consultation on project topics
EFRAG’s European Corporate Reporting Lab is launching a public consultation on its future project topics and their respective priority and.... read more
Consultation on CMA statutory audit proposals begins
The UK Department for Business, Energy & Industrial Strategy (DBEIS) has begun an initial open consultation on the Competition and Markets.... read more
Sir Jonathan Thompson named as new CEO of the FRC
Sir Jonathan Thompson is to step down as HM Revenue & Customs (HMRC) chief executive in the Autumn to take on a new role as CEO of the UK Financial.... read more
FRC makes two council appointments
The UK Financial Reporting Council (FRC) has announced the appointments of the chair of the Corporate Reporting Council and of a member to the.... read more
FASB staff issues Q&A on expected credit losses on financial assets
The Financial Accounting Standards Board (FASB) staff has issued a second question-and-answer (Q&A) document that addresses more than a dozen.... read more
IASB proposes amendments to accounting for deferred tax
The International Accounting Standards Board has published for public comment proposed changes to the IFRS Standard for income tax, IAS 12. The.... read more
Humentum and CIPFA project to develop 'IFRS standards' for non-profits
Humentum and CIPFA have unveiled a joint initiative to develop global financial reporting guidance for non-profit organizations (NPOs) with support.... read more
New Infrastructure & Project Finance Qualification for Asia
With Asia’s infrastructure sector set to boom over the next decade, the Institute of Singapore Chartered Accountants (ISCA) has launched the ISCA.... read more
