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Latest News - Regulation

KPMG South Africa management resigns

  • Author: Vincent Huck
  • Published: 15 Sep 2017

KPMG South Africa CEO Trevor Hoole and COO Steven Louw along with other senior executives and partners have handed their resignation as KPMG tries.... read more

European commission releases baseline report for monitoring the impact of new statutory audit regulation

  • Author: Vincent Huck
  • Published: 14 Sep 2017

The European Commission has published a report looking at the impact of the new statutory audit regulation throughout the EU which found that the.... read more

South African campaign group calls on businesses to drop KPMG as auditor

  • Author: Vincent Huck
  • Published: 13 Sep 2017

The Save South Africa campaign, a civil society group which was actively involved in recent revelations on the PR agency Bell Pottinger, has called.... read more

South African shareholders are increasingly voting against the reappointment of auditors

  • Author: Vincent Huck
  • Published: 13 Sep 2017

Twenty seven percent of annual general meetings (AGMs) resolutions surveyed by the South African regulator, the Independent Regulatory Board for.... read more

EU companies late on implementing biggest shake up of data protection laws

  • Author: Stephanie Wix
  • Published: 4 Sep 2017

General Data Protection Regulation (GDPR) will come into force in the European Union (EU) member states on 25 May 2018, affecting the way in which.... read more

IPSASB releases two exposure drafts for consultation

  • Author: Stephanie Wix
  • Published: 1 Sep 2017

The International Public Sector Accounting Standards Board (IPSASB) has published two exposure drafts, one on financial instruments, and one on.... read more

Malaysia introduces audit exemptions

  • Author: Stephanie Wix
  • Published: 29 Aug 2017

The Companies Commission of Malaysia (CCM) has released a directive setting out the category and criteria for audit exemption. The practice.... read more

CCAB issues draft guidance for the accountancy sector on anti-money laundering

  • Author: Stephanie Wix
  • Published: 24 Aug 2017

The Consultative Committee of Accountancy Bodies (CCAB) has issued draft guidance for all entities providing audit, accountancy, tax advisory,.... read more

Global Forum releases tax transparency compliance ratings

  • Author: Stephanie Wix
  • Published: 23 Aug 2017

The Global Forum on Transparency and Exchange of Information for Tax Purposes (Global Forum) has published ten outcomes of an enhanced peer review.... read more

French institute of directors’ publication supports integrated reporting but calls for improvement

  • Author: Stephanie Wix
  • Published: 18 Aug 2017

Integrated reporting is gradually gaining a foothold in France, however, content of the reports produced is far from perfect particularly from the.... read more

Regulatory sanctions round-up: KPMG USA and PwC fined $6.2m and £5.1 by the SEC and the FRC respectively

  • Author: Stephanie Wix
  • Published: 16 Aug 2017

KPMG USA has been fined by the USA SEC $6.2m over audit failures of an oil and gas company whilst PwC has paid a £5.1m (USD $6.5m) fine to the UK.... read more

The UK government made the right decision in delaying Making Tax Digital, finds survey

  • Author: Stephanie Wix
  • Published: 15 Aug 2017

Findings from a survey on Making Tax Digital (MTD) have revealed that 86% of respondents think that the UK government has made the right decision.... read more

IFRS Foundation perceived as not reactive enough to a changing world

  • Author: Stephanie Wix
  • Published: 15 Aug 2017

Research conducted by independent research agency Ebiquity has revealed that the main reputational weakness for the IFRS Foundation is the.... read more

UK FRC launches consultation on non-financial reporting guidance

  • Author: Vincent Huck
  • Published: 15 Aug 2017

The UK Financial reporting Council (FRC) has launched a consultation on amendments to its guidance on the strategic report which encourage.... read more

ICAEW release report on extended audit report

  • Author: Stephanie Wix
  • Published: 11 Aug 2017

The Institute of Chartered Accountants in England and Wales (ICAEW) has released a report highlighting the challenges and risks of extended audit.... read more

Most of the information used by investors doesn’t come from the audited financial statement, Canadian audit regulator finds

  • Author: Vincent Huck
  • Published: 11 Aug 2017

The Canadian Public Accountability Board (CPAB) has releases a summary of the key messages that came out of its audit quality symposium revealing.... read more

Quality of non-comparable disclosure under IFRS is insufficient, says ICAEW

  • Author: Stephanie Wix
  • Published: 4 Aug 2017

The Institute of Chartered Accountants in England and Wales (ICAEW) has published a briefing on disclosure quality and international comparability.... read more

Johannesburg listed company Sygnia drops KPMG over state capture allegations

  • Author: Vincent Huck
  • Published: 2 Aug 2017

Sygnia, an investment management company listed on the Johannesburg Stock Exchange with a market value of R 1.4bn (US$ 105.4m) has dropped KPMG as.... read more

Accountancy profession coy about UK Chancellor post Brexit tax remarks

  • Author: Vincent Huck
  • Published: 31 Jul 2017

UK chancellor Philip Hammond’s remarks to a French newspaper about not wanting to turn the UK into a tax haven after Brexit, contradicting a.... read more

USA SEC opens consultation on PCAOB’s changes to the auditor’s report

  • Author: Vincent Huck
  • Published: 31 Jul 2017

THE USA SEC has published the PCAOB’s proposed rules on the auditor’s report in the Federal Register for comments by 18 August 2017.. read more


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