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Latest News - Standards

Former PwC partner and IFAC member joins valuation standard setter board of trustees

  • Author: Vincent Huck
  • Published: 18 Oct 2017

The International Valuation Standards Council (IVSC), the global standard setter for valuation practice and the valuation profession, has appointed.... 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

World Business Council for Sustainable Development launches the Reporting Exchange

  • Author: Vincent Huck
  • Published: 6 Oct 2017

The World Business Council for Sustainable Development (WBCSD) has launched the Reporting Exchange, an online platform to help businesses navigate.... 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

CIIA publishes updated guidance on risk management in UK financial services

  • Author: Stephanie Wix
  • Published: 5 Sep 2017

The UK Chartered Institute of Internal Auditors (CIIA UK) has released guidance on how financial institutions in the UK should manage risks in an.... read more

Malaysia introduces audit exemptions

  • Author: Stephanie Wix
  • Published: 29 Aug 2017

The Companies Commission of Malaysia (CCM) has released a directive setting out the category and criteria for audit exemption. The practice.... read more

Petrobras director in breach of ethics over Deloitte contract

  • Author: Vincent Huck
  • Published: 23 Aug 2017

Petrobras director of governance and risk João Adalberto Elek Junior was found in breach of ethics in hiring Deloitte on an advisory project while.... read more

The UK government made the right decision in delaying Making Tax Digital, finds survey

  • Author: Stephanie Wix
  • Published: 15 Aug 2017

Findings from a survey on Making Tax Digital (MTD) have revealed that 86% of respondents think that the UK government has made the right decision.... read more

USA SEC opens consultation on PCAOB’s changes to the auditor’s report

  • Author: Vincent Huck
  • Published: 31 Jul 2017

THE USA SEC has published the PCAOB’s proposed rules on the auditor’s report in the Federal Register for comments by 18 August 2017.. read more

Standards of audit quality for companies in UK is improving, FRC report suggests

  • Author: Sarajuddin Isar
  • Published: 28 Jul 2017

Standards of audit quality for FTSE 350 companies in UK is improving, according to a second annual report, Developments in Audit published by the.... read more

PCAOB sanctions and censures Crowe Horwath Hong Kong

  • Author: Stephanie Wix
  • Published: 27 Jul 2017

The Public Company Accounting Oversight Board (PCAOB) has sanctioned a disciplinary order against Hong Kong-based audit firm Crowe Horwath (CHHK).... read more

EY and KPMG tapping into the certification of climate change bonds

  • Author: Stephanie Wix
  • Published: 27 Jul 2017

Climate bonds are increasingly being certified, but while all the Big Four firms are approved verifiers under the Climate Bond Standard, so far.... read more

USA standards setter urged by politicians and securities officials to introduce country-by-country tax reporting

  • Author: Vincent Huck
  • Published: 21 Jul 2017

Members of the USA House of Representatives and members of the SEC's Investor Advisory Committee (IAC) have separately sent a letter to the.... 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

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

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

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

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