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Latest News - Regulation

UK FRC answers to critics but still fails to convince

  • Author: Federica Tedeschi
  • Published: 21 Nov 2017

The UK Financial Reporting Council (FRC) has issued the report on the independent review of the sanctions imposed under its enforcement procedures.... read more

European Commission launches public consultation on how to encourage sustainable investments

  • Author: Stephanie Wix
  • Published: 21 Nov 2017

The European Commission has launched a public consultation on how to better encourage the inclusion of environmental, social and governance (ESG).... read more

European businesses are not ready for GDPR

  • Author: Federica Tedeschi
  • Published: 17 Nov 2017

Ninety two percent of European businesses are not ready for the EU’s General Data Protection Regulation (GDPR), effective in May 2018, according to.... read more

Italian antitrust authority fines Big Four total of $26.6m for restrictive competition

  • Author: Federica Tedeschi
  • Published: 16 Nov 2017

Italy’s antitrust authority has sanctioned the Big Four for €23.7m ($26.6m) altogether, following a violation of Article 101 of the Treaty on the.... read more

Registrations for the World Congress of Accountants open

  • Author: Vincent Huck
  • Published: 16 Nov 2017

Registrations for the World Congress of Accountants 2018 (WCOA 2018) have opened. The congress will take place in Sydney, Australia, which last.... read more

Make Brexit better than Canadian free trade agreement, Scottish institute argues

  • Author: Federica Tedeschi
  • Published: 15 Nov 2017

The Institute of Chartered Accountants of Scotland (ICAS) has urged the UK Government to secure a better Brexit deal than the new Comprehensive.... read more

Bidcorp reappoints KPMG South Africa as external auditor despite recent scandals

  • Author: IAB and TA editorial
  • Published: 14 Nov 2017

Bidcorp, a multinational food-service group, has reappointed KPMG South Africa as its external auditor despite the recent scandals surrounding the.... read more

IFAC’s future in international audit standard setting in the balance

  • Author: Vincent Huck
  • Published: 9 Nov 2017

The Monitoring Group, a group of international financial institutions and regulatory
bodies responsible for the overall governance of the.... read more

A new guidance paper helps directors understand financial reporting obligations

  • Author: Federica Tedeschi
  • Published: 9 Nov 2017

Chartered Accountants Australia and New Zealand (CA ANZ) and the Association of Chartered Certified Accountants (ACCA) have launched a joint.... read more

PCAOB and Irish Audit Regulator sign cooperative agreement

  • Author: Sarajuddin Isar
  • Published: 9 Nov 2017

The Public Company Accounting Oversight Board (PCAOB) and the Irish Auditing and Accounting Supervisory Authority (IAASA) have signed a cooperative.... read more

The Governance Institute releases guidance on GDPR data responsibilities

  • Author: Federica Tedeschi
  • Published: 8 Nov 2017

ICSA, the Governance Institute, has released guidance to improve board awareness of the implications of the EU General Data Protection Regulation.... read more

ACCA regrets slow adoption globally of accrual accounting in the public sector

  • Author: The Accountant,IAB
  • Published: 6 Nov 2017

The Association of Chartered Certified Accountants (ACCA) has published a new report which considers the current state of the adoption of.... read more

GRI about to launch a report on non-financial and diversity information

  • Author: The Accountant,IAB
  • Published: 6 Nov 2017

General Reporting Initiative (GRI) and Corporate Social Responsibility (CSR) Europe used a webinar to present the results of a project that has.... read more

South African institute's independent panel inquiry into KPMG South Africa staff appointed

  • Author: Stephanie Wix
  • Published: 6 Nov 2017

The South African Institute for Chartered Accountants (SAICA) has released the names on the independent panel members who will look into alleged.... read more

Analysis: IFAC’s role in international audit standards setting could be scrapped

  • Author: Vincent Huck
  • Published: 3 Nov 2017

The Monitoring Group, which oversees the International Federation of Accountants (IFAC), will release a public consultation laying out several.... read more

SEC approves enhanced auditor’s reporting model

  • Author: IAB and TA editorial
  • Published: 30 Oct 2017

The USA Securities and Exchange Commission (SEC) has approved a Public Accounting Oversight Board (PCAOB) rule that requires significant.... read more

Only a few Brazilian listed companies have an audit committee

  • Author: The Accountant
  • Published: 26 Oct 2017

The Institute of Independent Auditors of Brazil (Ibracon) has conducted a research on audit committees of listed companies in Brazil and found that.... read more

Preliminary report calls Big Four a “cartel-like group”

  • Author: Vincent Huck
  • Published: 25 Oct 2017

The Maturity Institute, a not for profit company which rates how well organizations are performing today and the probability that they will.... read more

Australian charities struggle with complex financial reporting burden

  • Author: Stephanie Wix
  • Published: 25 Oct 2017

Australian charities have an overly complex and inconsistent financial reporting regime which is failing to promote accountability or efficiency.... read more

Canadian regulator finds half of companies experienced a cyberattack last year

  • Author: Stephanie Wix
  • Published: 20 Oct 2017

The Canadian Securities Administrators (CSA), the umbrella organization of Canada’s provincial and territorial securities regulators, survey has.... read more


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