Opinion: Is prudence still a virtue?
The concept of prudence and its use, or non-use, in financial reporting has been the cause of much angst and…
Month: May 2014
EY compelled by court to handover audit work to Hong Kong’s regulator
Hong Kong's Court of First Instance has ruled today EY should handover the audit work of former China-based client Standard…
SEC performs balancing act between IFRS and US GAAP
In her remarks at the Financial Accounting Foundation Trustees dinner earlier this week the US Securities and Exchange Commission (SEC)…
ByHong Kong’s profession takes cautious approach on China’s proposed foreign auditor ban
The Hong Kong Institute of Certified Public Accountants (HKICPA) has taken a cautious approach to the consultation launched by the…
ICAEW expands presence in Hong Kong
The Institute of Chartered Accountants in England and Wales (ICAEW) has opened a chapter in Hong Kong, where it has…
Chinese regulators look to ban foreign auditors
The Chinese regulators have opened a consultation on proposed rules to ban foreign auditors from auditing mainland Chinese companies, local…
ByICAEW signs MoU with Saudi professional body
The Institute of Chartered Accountants in England and Wales (ICAEW) has signed a Memorandum of Understanding (MoU) with the Saudi…
Chief accountant to leave SEC
The US Securities and Exchange Commission (SEC) has announced that chief accountant Paul Beswick is leaving the agency to return…