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Latest News - Standards

FTSE 350 audit quality levels on the rise in UK FRC annual report

  • Author: Stephanie Wix
  • Published: 19 Jul 2017

The UK Financial Reporting Council (FRC) has released its 2016/2017 annual report highlighting the regulators projects and actions taken.. read more

Users of financial reports believe alternative performance measures are useful to assess company’s performance as a supplement to GAAP measures in New Zealand, XRB survey suggests

  • Author: Sarajuddin Isar
  • Published: 19 Jul 2017

Eighty eight percent of users of financial information in New Zealand believe that alternative performance measures (APMs) are useful or sometimes.... read more

South African Institute finds new auditor’s report more informative and transparent

  • Author: Sarajuddin Isar
  • Published: 18 Jul 2017

The South African Institute of Chartered Accountants (SAICA) has published a report providing an overview and analysis of the first batch of.... read more

UK FRC issues revision to auditing standard

  • Author: Vincent Huck
  • Published: 17 Jul 2017

The UK Financial Reporting Council (FRC) has issued revision to ISA (UK) 250 – consideration of laws and regulations in an audit of financial.... read more

Spanish corporation of auditors joins the IIRC

  • Author: Vincent Huck
  • Published: 14 Jul 2017

The Spanish Corporation of Auditors of the General Council of Economists (known as REA+REGA) has joined the International Integrated Reporting.... read more

EU expert group calls for convergence of financial and non-financial reporting

  • Author: Vincent Huck
  • Published: 14 Jul 2017

The European Union (EU) High-Level Expert Group on Sustainable Finance (HLEG) has released its first report recommending that the EU Commission.... read more

Sixty eight countries sign a multilateral convention to reduce tax avoidance by multinational enterprises

  • Author: Sarajuddin Isar
  • Published: 8 Jun 2017

Sixty eight jurisdictions have signed a multilateral convention which aims to reduce tax avoidance by multilateral enterprises.. read more

Deficit, brexit and SMEs must be priorities for incoming UK government, ICAEW President says

  • Author: Stephanie Wix
  • Published: 7 Jun 2017

ICAEW’s president Nick Parker has called for the incoming government to ensure it is equipped to tackle the deficit and handle Brexit while.... read more

PCAOB adopts new auditing standards and releases proposal on auditing accounting estimates

  • Author: Sarajuddin Isar
  • Published: 7 Jun 2017

The Public Company Accounting Oversight Board (PCAOB) has adopted new auditing standards and has released a proposal for consultation on auditing.... read more

A4S publishes guide on social and human capital accounting

  • Author: Rahman Aziz
  • Published: 6 Jun 2017

The Prince of Wales' Accounting for Sustainability project (A4S) has published a social and human capital accounting guide with practical examples.... read more

Natural Capital Coalition launches public consultation on an update to its framework

  • Author: Rahman Aziz
  • Published: 6 Jun 2017

The Natural Capital Coalition has launched a public consultation on the Finance Sector Supplement to the Natural Capital Protocol which aims to.... read more

News brief: Expert wanted to help Botswana's transition to accrual accounting

  • Author: Sarajuddin Isar
  • Published: 5 Jun 2017

Botswana is looking for a lead technician to manage the government's project of transitioning its finances from cash to accrual accounting.. read more

Djibouti joins the OECD’s BEPS framework

  • Author: Rahman Aziz
  • Published: 2 Jun 2017

Djibouti has joined the OECD’s inclusive framework on base erosion and profit shifting (BEPS) as well as the global forum on transparency and.... read more

News brief: EITI developments in Liberia, Mali and Suriname

  • Author: Rahman Aziz
  • Published: 31 May 2017

At its board meeting held earlier this week, the Extractive Industries Transparency Initiative (EITI) found that Liberia and Mali had made.... read more

SASB commissions research on the economic impacts of its standards

  • Author: Rahman Aziz
  • Published: 31 May 2017

The Sustainability Accounting Standards Board (SASB) has commissioned an independent analysis to understand the potential costs and benefits of.... read more

PCAOB to consider adopting standard on auditor report

  • Published: 26 May 2017

The Public Company Accounting Oversight Board (PCAOB) has announced it will be holding a public meeting on 1 June 2017 to consider the adoption of.... read more

News brief: Japan reiterates support for IFRS

  • Author: Sarajuddin Isar
  • Published: 26 May 2017

Japan’s Financial Accounting Standards Foundation (FASF) and the IFRS Foundation trustees have in a statement reiterated their shared commitment in.... read more

Businesses form group to identify natural and social capital valuation techniques

  • Author: Sarajuddin Isar
  • Published: 25 May 2017

Fifteen companies, most of them members of the World Business Council for Sustainable Development (WBCSD) have formed an informal group called the.... read more

News brief: AAT becomes member of the Association of Professional Political Consultants

  • Author: Stephanie Wix
  • Published: 24 May 2017

The Association of Accounting Technicians (AAT) has been approved as a member of the Association of Professional Political Consultants (APPC).. read more

European accountancy stakeholders defend EFRAG’s role and record against EU Commission plans of “streamlining”

  • Author: IAB and TA editorial
  • Published: 24 May 2017

Accountancy stakeholders from across Europe have responded strongly against plans from the European Union (EU) Commission of “streamlining” the.... read more


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