IPSAS 41 aims to improve financial instruments reporting
The International Public Sector Accounting Standards Board (IPSASB) released IPSAS 41 which aims to improve the relevance of information for…
Month: August 2018
FRC questions advisory work role in audit independence
The independence and objectivity of PwC’s audit of British Home Stores (BHS) parent Taveta Group may have been compromised by…
ByICAEW: Actions need to be taken in order to prevent the next financial crisis
The foundations for the next financial crisis are on its way unless a sense of purpose is embedded in financial…
PCAOB censures Breard & Associates
The Public Company Accounting Oversight Board (PCAOB) has censured Breard & Associates. It has revoked the firm’s registration as well…
Fired up FRC issues record ban
The UK’s Financial Reporting Council (FRC) has issued a record period of exclusion from the profession for three people.Three former…
ByFRC faces questions over scope of powers
The chair of the House of Common’s work and pensions committee Frank Field has challenged The Financial Reporting Council (FRC)…
IIRC launches Academic database
A new academic database has been launched by the International Integrated Reporting Council (IIRC), bringing together over 200 academic studies…
IRBA claims ‘encouraging signs’ from mandatory audit rotation
Since the South African Independent Regulatory Board for Auditors (IRBA) began tracking audit firm rotations in January 2017, a total…