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Latest News - Standards

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

Unilever fully discloses its entire palm oil supply chain

  • Published: 22 Feb 2018

Unilever has publicly disclosed the suppliers of its palm oil to increase transparency in its supply chain.. 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

IFRS Foundation appoints former Australia and New Zealand CEO as executive director

  • Author: TA editorial
  • Published: 7 Feb 2018

The IFRS Foundation has appointed Lee White as executive director following the departure of former Yael Almog, effective in April 2018.. read more

GRI launches simplified Chinese translation of its standards

  • Author: Stephanie Wix
  • Published: 7 Feb 2018

The GRI has launched its simplified Chinese translation of the GRI Standards to meet the growing needs of GRI reporters working in Chinese-speaking.... read more

European Commission prepares legislative proposals for sustainable finance

  • Published: 7 Feb 2018

The European Commission (EC) is preparing a strategy on sustainable finance based on the recommendations of the European Union’s High-Level Expert.... read more

News brief: accrual accounting for the public sector developments

  • Author: TA editorial
  • Published: 6 Feb 2018

The International Public Sector Accounting Standards Board (IPSASB) has published a consultation on its proposed strategic objectives, supporting.... read more

GASB consults on revenue and expenses model for government accounting

  • Author: Stephanie Wix
  • Published: 5 Feb 2018

The USA Governmental Accounting Standards Board (GASB) has called for public comment on its revenue and expenses recognition model for state and.... read more

Malaysia assesses first year of the Enhanced Auditors’ Report implementation

  • Author: TA editorial
  • Published: 2 Feb 2018

Malaysian audit committees members and investors believe the introduction of Key Audit Matter (KAMs) through the enhanced auditors’ report has.... 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

New lease accounting model for the public sector proposed by IPSASB

  • Author: TA editorial
  • Published: 2 Feb 2018

The International Public Sector Accounting Standards Board (IPSASB) has called for comment on the Exposure Draft (ED) 64, Leases.. read more

West Africa’s economic zone adopts IFRS

  • Author: TA editorial
  • Published: 31 Jan 2018

The Organisation for the Harmonisation of Corporate Law in Africa (OHADA) has adopted IFRS meaning that public and listed companies in all 17.... 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

Six countries sign the BEPS international tax treaty agreement

  • Author: Stephanie Wix
  • Published: 26 Jan 2018

Barbados, Ivory Coast, Jamaica, Malaysia, Panama and Tunisia have signed the OECD’s Base Erosion and Profit Shifting (BEPS) multilateral convention.... read more

China, Japan and Korea standards setters delegates meet over accounting standards setting

  • Author: Stephanie Wix
  • Published: 8 Jan 2018

The standards setters of China, Japan and Korea have vouched to support standard setting in the region, while increasing collaboration and.... read more

PCAOB announces settlements with Grant Thornton and Deloitte Turkey

  • Author: Stephanie Wix
  • Published: 21 Dec 2017

The Public Company Accounting Oversight Board (PCAOB) has announced settlements with Grant Thornton and Deloitte Turkey regarding quality control.... 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

CAQ tool outlines new auditors report for audit committees

  • Author: Stephanie Wix
  • Published: 11 Dec 2017

The Center for Audit Quality (CAQ) has released a tool outlining the requirements that audit committees should consider in the adoption of the new.... read more

IFAC calls for 2019 international standard setting board nominations

  • Author: Stephanie Wix
  • Published: 8 Dec 2017

The International Federation of Accountants (IFAC) has issued a call for nominations for 22 vacancies on independent standard-setting boards in 2019.. read more

IFAC offers alternatives to Monitoring Group’s proposed reform of the international audit and ethics standard-setting process

  • Author: Federica Tedeschi
  • Published: 7 Dec 2017

The International Federation of Accountants (IFAC) has published its initial views to the Monitoring Group Consultation Paper on changes to the.... read more

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