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UK FRC closes its investigation into KPMG’s audit of HBOS

  • Author: TAB Editorial
  • Published: 19 Sep 2017

The UK Financial Reporting Council (FRC) has announced the closure of its investigation into the conduct of KPMG’s audit of HBOS for the year.... read more

Korean institute signs agreement with National Council of non-profit organisations

  • Author: Stephanie Wix
  • Published: 18 Sep 2017

The Korean Institute of Certified Public Accountants (KICPA) and the National Council of non-profit organisations (NPOs) have signed a memorandum.... read more

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 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

CIIA publishes updated guidance on risk management in UK financial services

  • Author: Stephanie Wix
  • Published: 5 Sep 2017

The UK Chartered Institute of Internal Auditors (CIIA UK) has released guidance on how financial institutions in the UK should manage risks in an.... read more

PCAOB brief unveils key focus areas of audit inspectors

  • Author: Stephanie Wix
  • Published: 5 Sep 2017

The Public Company Accounting Oversight Board (PCAOB) has published its staff inspection brief detailing information about the ongoing 2017.... 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

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

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

Over half of young people take alternate paths instead of university

  • Author: Stephanie Wix
  • Published: 16 Aug 2017

Research commissioned by the Association of Chartered Certified Accountants (ACCA) has revealed that 57% of young people between 14 and 21 years.... read more

Standard setters publish joint report on the need for more professional scepticism

  • Author: Stephanie Wix
  • Published: 15 Aug 2017

The International Auditing and Assurance Standards Board (IAASB), the International Ethics Standards Board for Accountants (IESBA), and 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

Brazil Institute of auditors survey praises new auditor report

  • Author: Stephanie Wix
  • Published: 2 Aug 2017

Brazilian institute of auditors (IBRACON) president Idésio Coelho commented that a survey by the institute confirmed that the new auditor’s report.... 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

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

PCAOB sanctions and censures Crowe Horwath Hong Kong

  • Author: Stephanie Wix
  • Published: 27 Jul 2017

The Public Company Accounting Oversight Board (PCAOB) has sanctioned a disciplinary order against Hong Kong-based audit firm Crowe Horwath (CHHK).... read more


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