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Latest News - Assurance and Accounting

TCFD and Bank of England conference to help businesses in their first steps towards climate related disclosure

  • Author: Stephanie Wix
  • Published: 1 Nov 2017

The Taskforce on Climate Related Financial Disclosure (TCFD) and the Bank of England  held a conference outlining how companies across sectors are.... read more

SEC approves enhanced auditor’s reporting model

  • Author: IAB and TA editorial
  • Published: 30 Oct 2017

The USA Securities and Exchange Commission (SEC) has approved a Public Accounting Oversight Board (PCAOB) rule that requires significant.... read more

Sustainability reporting improves overall but balancing requirements with stakeholder needs remains a challenge

  • Author: Stephanie Wix
  • Published: 26 Oct 2017

Progress has been made in sustainable corporate reporting and disclosure, but there is rising pressure to balance stakeholder needs with the.... read more

Companies speed towards embedding low carbon goals into long term business plans

  • Author: Stephanie Wix
  • Published: 26 Oct 2017

Companies including the world’s largest multinationals are increasingly embedding low carbon goals into their long term business plans, according.... read more

Preliminary report calls Big Four a “cartel-like group”

  • Author: Vincent Huck
  • Published: 25 Oct 2017

The Maturity Institute, a not for profit company which rates how well organizations are performing today and the probability that they will.... read more

Australian charities struggle with complex financial reporting burden

  • Author: Stephanie Wix
  • Published: 25 Oct 2017

Australian charities have an overly complex and inconsistent financial reporting regime which is failing to promote accountability or efficiency.... read more

Quality of corporate reporting in the UK could do with improvement, the regulator has warned

  • Author: Stephanie Wix
  • Published: 25 Oct 2017

The UK Financial Reporting Council (FRC) Annual Review of Corporate Reporting has found that the standard remains good in general but the quality.... read more

South African institute to fund independent inquiry into KPMG staff’s conduct

  • Author: Vincent Huck
  • Published: 19 Oct 2017

The South African Institute of Chartered Accountants (SAICA) has announced it will fund an independent inquiry into the alleged misconduct of.... read more

EY UK and senior partner sanctioned over Tech Data audit misconduct

  • Author: Stephanie Wix
  • Published: 16 Oct 2017

EY UK and its senior statutory auditor and engagement partner Julian Gray have been fined and sanctioned after admitting misconduct over the audit.... read more

FRC provides advice on preparing 2017/2018 annual reports

  • Author: Stephanie Wix
  • Published: 13 Oct 2017

The Financial Reporting Council (FRC) has written to companies highlighting key areas for improvement when preparing annual reports for 2017/2018.... read more

South Africa loses the top spot in global rankings for auditing standards

  • Author: Stephanie Wix
  • Published: 12 Oct 2017

South Africa has lost the top spot in its strength of auditing and reporting standards in the World Economic Forum Global Competitiveness Report of.... read more

Use of carbon pricing in business plan on the rise globally

  • Author: Stephanie Wix
  • Published: 12 Oct 2017

Applying a monetary value to carbon emissions is being increasingly taken into account by major multinationals, according to a research by.... read more

Mazars releases assurance guidance on human rights disclosures

  • Author: Stephanie Wix
  • Published: 3 Oct 2017

Mazars and human rights non-profit company Shift have released guidance to help internal auditors and external assurance practitioners to assess.... read more

Legal experts say there are no excuses when it comes to climate related disclosure

  • Author: Stephanie Wix
  • Published: 28 Sep 2017

When it comes to climate risk reporting silence is the most dangerous option according to a report by legal experts from the Commonwealth Climate.... read more

KPMG South Africa management resigns

  • Author: Vincent Huck
  • Published: 15 Sep 2017

KPMG South Africa CEO Trevor Hoole and COO Steven Louw along with other senior executives and partners have handed their resignation as KPMG tries.... read more

European commission releases baseline report for monitoring the impact of new statutory audit regulation

  • Author: Vincent Huck
  • Published: 14 Sep 2017

The European Commission has published a report looking at the impact of the new statutory audit regulation throughout the EU which found that the.... read more

South African campaign group calls on businesses to drop KPMG as auditor

  • Author: Vincent Huck
  • Published: 13 Sep 2017

The Save South Africa campaign, a civil society group which was actively involved in recent revelations on the PR agency Bell Pottinger, has called.... read more

South African shareholders reject more auditor reappointments

  • Author: Vincent Huck
  • Published: 13 Sep 2017

There have been significant increases in votes against auditors’ reappointment at more than a quarter of annual general meetings, according to the.... read more

PwC to audit BBC equal pay

  • Author: Stephanie Wix
  • Published: 7 Sep 2017

PwC will audit the British Broadcasting Corporation’s (BBC’s) staff pay in one of three reviews that are being conducted after criticism over its.... read more

EY reports 6% growth in global revenues

  • Author: Stephanie Wix
  • Published: 6 Sep 2017

EY has announced global revenues of USD $31.4bn for the financial year ending 30 June 2017, up 6% from FY 16 figures.. read more


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