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Latest News - Regulation

The UK Financial Reporting Council increases levels of fines

  • Published: 9 Apr 2018

The UK Financial Reporting Council (FRC) has published updated guidance for the Tribunal that hears FRC Enforcement cases increasing its fines to.... read more

The pan-European stock exchange supports Task Force on Climate-related Financial Disclosures

  • Published: 22 Mar 2018

Pan-European stock exchange Euronext, the Financial Services and Markets Authority (FSMA) in Belgium, the National Bank of Belgium (NBB) and the.... read more

African regulators set up regional forum

  • Author: IAB and TA editorial
  • Published: 6 Mar 2018

Regulators from 11 African countries have set up the African Forum of Independent Accounting and Auditing Regulators (AFIAAR), with the first.... read more

Environmental, social and governance reporting on the rise

  • Author: Stephanie Wix
  • Published: 6 Mar 2018

Environmental, social and governance (ESG) reporting trends are on the rise, according to a report by the World Business Council for Sustainable.... read more

The Reporting Exchange now available in simplified Chinese

  • Author: Stephanie Wix
  • Published: 6 Mar 2018

The World Business Council for Sustainable Development’s (WBCSD) Reporting Exchange, an online platform to help businesses navigate the confusing.... read more

Accountancy Europe releases position paper on sustainable finance in the EU

  • Author: Stephanie Wix
  • Published: 6 Mar 2018

Ahead of the upcoming consultation by the European Commission on the fitness of the EU corporate reporting framework, Accountancy Europe has.... read more

Indian institute call for actions over alleged fraud at state-run bank

  • Published: 2 Mar 2018

Following the alleged fraud of state-run Punjab National Bank (PNB), which came to light 14 February this year, the disciplinary directorate of The.... read more

Institute of internal auditors calls for internal audit to be scrutinised

  • Author: Stephanie Wix
  • Published: 2 Mar 2018

The Chartered Institute of Internal Auditors (CIIA) has called for internal audit to be accountable to the UK Financial Reporting Council’s (FRC).... read more

KPMG and Deloitte give lacklustre evidence to UK Committee hearing on Carillion’s fall

  • Author: IAB and TA editorial
  • Published: 23 Feb 2018

The role of KPMG and Deloitte as external and internal auditor respectively of failed giant construction company Carillion came under heavy.... read more

FCA calls for comment on tech-smart reporting

  • Author: Stephanie Wix
  • Published: 22 Feb 2018

The UK Financial Conduct Authority (FCA) has called for comment on the use of technology to improve regulation efficiency and help businesses to.... 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

USA SEC appoints chief accountant in division of corporation finance

  • Published: 19 Feb 2018

The USA Securities and Exchange Commission (SEC) has appointed Kyle Moffatt as chief accountant in the division of corporation finance.. read more

UK’s digital and culture secretary urges businesses and charities to prepare for stronger data protection laws

  • Published: 19 Feb 2018

Fewer than half of UK businesses and charities are aware of data protection laws four months before they come into force, according to research.. read more

Indian tax reform disrupted businesses: IFAC Survey finds

  • Published: 15 Feb 2018

Around 64% of Indians surveyed believe that the Goods and Services Tax (GST) rollout led to a disruption among the businesses community across the.... read more

Countries must strengthen tax systems to meet Sustainable Development Goals

  • Published: 15 Feb 2018

The IMF, the OECD, the United Nations and World Bank Group have called on governments to strengthen and increase the effectiveness of their tax.... read more

UK MPs on Carillion collapse: Big Four feasted on soon to be carcass

  • Author: Vincent Huck
  • Published: 13 Feb 2018

The UK’s Work and Pension Committee has published the responses of the Big Four to their queries on each of the firms’ involvement with Carillion.... read more

South African regulator renews CEO’s contract

  • Author: IAB and TA editorial
  • Published: 7 Feb 2018

The South African regulator, the Independent Regulatory Board for Auditors (IRBA), has renewed their contract with current CEO Bernard Agulhas for.... 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

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

Former PCAOB and KPMG USA staff charged for leaking inspection information

  • Author: Stephanie Wix
  • Published: 24 Jan 2018

The USA Securities and Exchange Commission (SEC) have charged six public accountants, including three former employees of the Public Company.... read more


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