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Beware of complex accounting areas which can lead to fraud, CAQ report says

  • Published: 20 Mar 2017

The Center for Audit Quality (CAQ) published a report to address the challenges of complex accounting with the aim of halting fraud and reducing.... read more

Delay Making Tax Digital for business, says House of Lords on Finance Bill draft

  • Author: Stephanie Wix
  • Published: 17 Mar 2017

The House of Lords Economic Affairs Committee has released a report on the draft Finance Bill 2017 which covers the much anticipated subject,.... read more

Azerbaijan withdraws from EITI

  • Author: TA editorial
  • Published: 16 Mar 2017

Azerbaijan has announced its withdrawal from the Extractive Industries Transparency Initiative (EITI) after being told that corrective actions for.... read more

IFIAR announces decline in audit firm inspection findings

  • Author: Stephanie Wix
  • Published: 10 Mar 2017

The International Forum of Independent Audit Regulators (IFIAR) has released their 2016 Inspection Findings Survey revealing a decline in audit.... read more

Outdated legal frameworks and lack of translation challenges for IFRS implementation in the MENA region

  • Author: Vincent Huck
  • Published: 9 Mar 2017

Greater regional collaboration between professional accountancy organisations in the Middle East and North Africa is the key to address challenges.... read more

World Bank, IMF and IFAC committed to influence for PFM reforms and IPSAS implementation

  • Author: Rahman Aziz
  • Published: 9 Mar 2017

Delegates from the Word Bank, the International Public Sector Accounting Standards Board, the IMF and IFAC attended earlier this month an.... read more

Software provider proposes new models for SMP to tackle regulatory and recruitment challenges

  • Author: Stephanie Wix
  • Published: 7 Mar 2017

Uber like and hybrid model at the cross road of Amazon and Linkedin are tomorrow’s solutions for today’s challenges, the audience of Intuit.... read more

International Forum of standard setters concludes that consistent does not mean identical

  • Author: Rahman Aziz
  • Published: 6 Mar 2017

The International Forum of Accounting Standard Setters (IFASS) has decided to set up a structure allowing national standard setters to identify.... read more

ICAS issues new guide on financial reporting standards for small and micro entities

  • Author: Rahman Aziz
  • Published: 2 Mar 2017

The Institute of Chartered Accountants of Scotland (ICAS) has issued guidance to help small and micro companies to apply the new financial.... read more

Brazilian lawyers and accountants meet ahead of NOCLAR implementation

  • Author: Vincent Huck
  • Published: 21 Feb 2017

As Brazil prepares to adopt the IESBA’s framework of standards to respond to non-compliance with laws and regulations (NOCLAR), Brazilian lawyers,.... read more

GRI and integrated reporting make strides in India

  • Author: Vincent Huck
  • Published: 21 Feb 2017

An official circular by the Securities and Exchange Board of India (SEBI) and a linkage document released by the Bombay Stock Exchange (BSE) put.... read more

Adoption of FRS 115 expected to be a challenge for Singapore companies

  • Author: Rahman Aziz
  • Published: 16 Feb 2017

With less than a year until the 1 January, 2018 implementation deadline, many companies in Singapore will face challenges as they have not started.... read more

EFRAG publishes draft endorsement advice on IFRS 16

  • Author: Rahman Aziz
  • Published: 15 Feb 2017

The European Financial Reporting Advisory Group (EFRAG) has published the draft endorsement advice on IFRS 16 after having assessed the standard as.... read more

Finance of the future at Oracle Modern Business

  • Author: Stephanie Wix
  • Published: 15 Feb 2017

Modern Business Experience, presented by Oracle, took place from 1-2 February to provide insight and intelligence from thought leaders on the.... read more

GRI Global Sustainability Standards Board appoints new chair and board members

  • Author: Rahman Aziz
  • Published: 14 Feb 2017

The GRI Global Sustainability Standards Board (GSSB) has appointed a new chair and six new board members.. read more

Swiss vote against tax reform

  • Author: Stephanie Wix
  • Published: 14 Feb 2017

In a referendum on Sunday, around 59% of Swiss voters chose against the plans for corporate tax reform.. read more

PCAOB announces $1m settlement with Indonesian EY member

  • Author: Stephanie Wix
  • Published: 14 Feb 2017

The Public Company Accounting Oversight Board (PCAOB) has announced that it has censured and imposed a $1m civil penalty on KAP Purwantono,.... read more

IFRS gain slow momentum amongst Islamic Financial Institutions

  • Author: Stephanie Wix
  • Published: 13 Feb 2017

More Islamic Financial Institutions (IFIs) are compliant with IFRS in 2016 compared to 2014 but overall IFRS compliance remains low amongst IFIs,.... read more

Sue Lloyd, vice-chair of the IASB, appointed chair of the IFRS Interpretations Committee

  • Author: Rahman Aziz
  • Published: 13 Feb 2017

Sue Lloyd, vice-chair of the IASB has been appointed as chair of the IFRS Interpretations Committee.. read more

Jean-Paul Servais has been appointed as the new chair of the IFRS Monitoring Board

  • Author: Rahman Aziz
  • Published: 6 Feb 2017

The IFRS Foundation Monitoring Board has announced that Jean- Paul Servais, has been appointed as the new chair of the Monitoring Board, starting.... read more


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