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Latest News - Regulation

Monitoring group announced second consultation

  • Author: Vincent Huck
  • Published: 22 Feb 2018

The monitoring group has received 180 responses to its consultation on reforming the global audit standard-setting process and announced it will.... read more

FCA calls for comment on tech-smart reporting

  • Author: Stephanie Wix
  • Published: 22 Feb 2018

The UK Financial Conduct Authority (FCA) has called for comment on the use of technology to improve regulation efficiency and help businesses to.... read more

OECD launches consultation on misuse of residence by investment schemes

  • Published: 20 Feb 2018

The OECD has launched a consultation on the misuses of residence by investment (RBI) schemes for tax evasion/avoidance purposes.. read more

USA SEC appoints chief accountant in division of corporation finance

  • Published: 19 Feb 2018

The USA Securities and Exchange Commission (SEC) has appointed Kyle Moffatt as chief accountant in the division of corporation finance.. read more

UK’s digital and culture secretary urges businesses and charities to prepare for stronger data protection laws

  • Published: 19 Feb 2018

Fewer than half of UK businesses and charities are aware of data protection laws four months before they come into force, according to research.. read more

Indian tax reform disrupted businesses: IFAC Survey finds

  • Published: 15 Feb 2018

Around 64% of Indians surveyed believe that the Goods and Services Tax (GST) rollout led to a disruption among the businesses community across the.... read more

Countries must strengthen tax systems to meet Sustainable Development Goals

  • Published: 15 Feb 2018

The IMF, the OECD, the United Nations and World Bank Group have called on governments to strengthen and increase the effectiveness of their tax.... read more

UK MPs on Carillion collapse: Big Four feasted on soon to be carcass

  • Author: Vincent Huck
  • Published: 13 Feb 2018

The UK’s Work and Pension Committee has published the responses of the Big Four to their queries on each of the firms’ involvement with Carillion.... read more

South African regulator renews CEO’s contract

  • Author: IAB and TA editorial
  • Published: 7 Feb 2018

The South African regulator, the Independent Regulatory Board for Auditors (IRBA), has renewed their contract with current CEO Bernard Agulhas for.... read more

International Valuation Standards translated in Arabic

  • Published: 2 Feb 2018

The Saudi Authority of Accredited Valuers (Taqeem), the regulator for the valuation profession in the Kingdom of Saudi Arabia, has released the.... read more

Papua New Guinea newly reconstituted standards setter reiterates IFRS adoption

  • Author: IAB and TA editorial
  • Published: 29 Jan 2018

Papua New Guinea has reconfirmed its adoption of IFRS and IFRS for SMEs as the national standards setter is reconstituted.. read more

Former PCAOB and KPMG USA staff charged for leaking inspection information

  • Author: Stephanie Wix
  • Published: 24 Jan 2018

The USA Securities and Exchange Commission (SEC) have charged six public accountants, including three former employees of the Public Company.... read more

Hong Kong to adopt independent audit oversight regime

  • Author: IAB and TA editorial
  • Published: 23 Jan 2018

The Hong Kong government has gazetted a proposed reform which if enacted would make the local Financial Reporting Council (FRC) the regulator of.... read more

South African regulator extends independent investigation into KPMG

  • Author: Stephanie Wix
  • Published: 15 Jan 2018

The South African regulator, the Independent Regulatory Board for Auditors (IRBA), has extended its investigation into the KPMG audits of Linkway.... read more

PwC hit with two year audit ban after decade long fraud battle with Indian capital markets regulator

  • Author: Stephanie Wix
  • Published: 11 Jan 2018

The Securities Exchange Board of India (SEBI) has barred all PwC members and entities from issuing audit certificates to any listed company in.... read more

Stakeholder survey calls for increased transparency from the UK FRC

  • Author: Stephanie Wix
  • Published: 11 Jan 2018

A stakeholder survey on the corporate governance, reporting and effectiveness of the UK Financial Reporting Council (FRC) has called for more.... read more

Netherlands’ regulator faces criticism after courts overrule sanctions

  • Author: Stephanie Wix
  • Published: 8 Jan 2018

The Dutch regulator, the Authority for the Financial Markets (AFM), must change its oversight of the profession as its investigations are not.... read more

Countries slow on EU audit legislation implementation

  • Author: Stephanie Wix
  • Published: 22 Dec 2017

A state of play report from Accountancy Europe has found that Norway, Iceland, Croatia, Slovenia and Liechtenstein have not yet implemented EU.... read more

South African regulator to boost sanctions

  • Author: IAB and TA editorial
  • Published: 15 Dec 2017

The South African regulator Independent Regulatory Board for Auditors (IRBA) has proposed to lift the limit on the level of fines it can issue as.... read more

Will the accounting standards be a victim of the digital transition?

  • Author: Federica Tedeschi
  • Published: 15 Dec 2017

Like any language adapts and evolve over time, accounting standards, a language in its own, is currently facing tremendous challenges with new.... read more


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