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News brief: IFIAR opens headquarters in Tokyo

  • Author: Stephanie Wix
  • Published: 10 Apr 2017

The International Forum of Independent Audit Regulators (IFIAR) has opened its headquarters in Tokyo, Japan and has held its first board meeting.. read more

Singaporean regulators and institutes release retail investors’ guide to enhanced auditor’s report

  • Author: IAB and TA editorial
  • Published: 7 Apr 2017

To help investors understand the enhanced auditor report (EAR) which is implemented as of this year, The Singaporean regulators, the Accounting.... read more

USA CFOs face challenges as their work moves from compliance to strategy

  • Author: Stephanie Wix
  • Published: 31 Mar 2017

Chief financial officers (CFOs) in the USA are spending over a third of their time as strategic advisers and going beyond their traditional.... read more

Update on OECD Anti-Bribery Convention adoption in Argentina, Finland, UK and Italy

  • Author: Stephanie Wix
  • Published: 29 Mar 2017

Progresses on anti-bribery laws are being made albeit slowly, according to recent publication by the Organisation for Economic Co-operation and.... read more

News brief: EY takes further steps towards AI

  • Author: Stephanie Wix
  • Published: 29 Mar 2017

Big Four network EY has launched a global network, WavespaceTM, to help clients with disruptive technologies such as artificial intelligence,.... read more

Tesco market abuse compensation scheme to be run by KPMG

  • Author: Stephanie Wix
  • Published: 28 Mar 2017

KPMG will run the compensation scheme for investors affected by the market abuse committed by Tesco plc and Tesco Stores Limited in 2014 over them.... read more

Stakeholders internal audit expectations are at their lowest in 5 years

  • Published: 27 Mar 2017

Internal audit functions are failing to keep up with stakeholder expectations of internal audit value, according to PwC USA’s 13th annual State of.... read more

Former partner of PwC Brazil sanctioned by PCAOB

  • Author: Rahman Aziz
  • Published: 23 Mar 2017

A former partner of PwC Brazil has been fined $10,000 and barred for two years from associating with a registered public accounting firm.. read more

Stakeholders internal audit expectations are at their lowest in 5 years

  • Author: Stephanie Wix
  • Published: 22 Mar 2017

Internal audit functions are failing to keep up with stakeholder expectations of internal audit value, according to PwC USA’s 13th annual State of.... read more

IFAC survey reveals number one challenge for SMPs

  • Author: Stephanie Wix
  • Published: 21 Mar 2017

Accountants around the world in small and medium sized practices are facing increased staffing challenges according to an IFAC Global survey of.... read more

Delay Making Tax Digital for business, says House of Lords on Finance Bill draft

  • Author: Stephanie Wix
  • Published: 17 Mar 2017

The House of Lords Economic Affairs Committee has released a report on the draft Finance Bill 2017 which covers the much anticipated subject,.... read more

IFIAR announces decline in audit firm inspection findings

  • Author: Stephanie Wix
  • Published: 10 Mar 2017

The International Forum of Independent Audit Regulators (IFIAR) has released their 2016 Inspection Findings Survey revealing a decline in audit.... read more

Outdated legal frameworks and lack of translation challenges for IFRS implementation in the MENA region

  • Author: Vincent Huck
  • Published: 9 Mar 2017

Greater regional collaboration between professional accountancy organisations in the Middle East and North Africa is the key to address challenges.... read more

Software provider proposes new models for SMP to tackle regulatory and recruitment challenges

  • Author: Stephanie Wix
  • Published: 7 Mar 2017

Uber like and hybrid model at the cross road of Amazon and Linkedin are tomorrow’s solutions for today’s challenges, the audience of Intuit.... read more

ICAS issues new guide on financial reporting standards for small and micro entities

  • Author: Rahman Aziz
  • Published: 2 Mar 2017

The Institute of Chartered Accountants of Scotland (ICAS) has issued guidance to help small and micro companies to apply the new financial.... read more

Brazilian lawyers and accountants meet ahead of NOCLAR implementation

  • Author: Vincent Huck
  • Published: 21 Feb 2017

As Brazil prepares to adopt the IESBA’s framework of standards to respond to non-compliance with laws and regulations (NOCLAR), Brazilian lawyers,.... read more

Adoption of FRS 115 expected to be a challenge for Singapore companies

  • Author: Rahman Aziz
  • Published: 16 Feb 2017

With less than a year until the 1 January, 2018 implementation deadline, many companies in Singapore will face challenges as they have not started.... read more

PCAOB announces $1m settlement with Indonesian EY member

  • Author: Stephanie Wix
  • Published: 14 Feb 2017

The Public Company Accounting Oversight Board (PCAOB) has announced that it has censured and imposed a $1m civil penalty on KAP Purwantono,.... read more

IFRS gain slow momentum amongst Islamic Financial Institutions

  • Author: Stephanie Wix
  • Published: 13 Feb 2017

More Islamic Financial Institutions (IFIs) are compliant with IFRS in 2016 compared to 2014 but overall IFRS compliance remains low amongst IFIs,.... read more

KPMG: Cybersecurity is the biggest internal audit risk in 2017

  • Author: Stephanie Wix
  • Published: 2 Feb 2017

The focus for internal auditors should be on cybersecurity, according to the report; KPMG Internal Audit; Top 10 Considerations for 2017.. read more

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