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Latest News - Regulation

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

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

Singaporean MoF and regulator issue responses to the public consultation on proposed changes to the Companies Act

  • Author: Rahman Aziz
  • Published: 1 Mar 2017

The Ministry of Finance (MoF) of Singapore and the Singaporean regulator, the Accounting and Corporate Regulatory Authority (ACRA), have reviewed.... read more

ASEAN audit regulators and the Big-Four commit to a 25% reduction in audits inspection findings

  • Author: Rahman Aziz
  • Published: 28 Feb 2017

The audit regulators of Malaysia, Indonesia, Singapore and Thailand have agreed with the Big Four to reduce the number of audits with inspection.... read more

UK FRC to launch a review of the UK corporate governance code

  • Author: Rahman Aziz
  • Published: 20 Feb 2017

The UK Financial Reporting Council (FRC) has announced it will launched a review of the UK corporate governance code later this year, but no.... read more

Swiss vote against tax reform

  • Author: Stephanie Wix
  • Published: 14 Feb 2017

In a referendum on Sunday, around 59% of Swiss voters chose against the plans for corporate tax reform.. read more

ACCA and CAT study shows demand for accountants over Brexit process

  • Author: Rahman Aziz
  • Published: 14 Feb 2017

The Association of Chartered Certified Accountants (ACCA) and the Association of Accounting Technicians (CAT) have published a study showing that.... read more

USA Congress buries transparency and anti-corruption requirements for USA listed extractive companies

  • Author: TA editorial
  • Published: 9 Feb 2017

On 3 February, the Congress of the USA voted to dismantle the SEC implementation of Section 1504 of the Dodd-Frank Act 2010, a transparency and.... read more

Tender and auditors rotation improve audit confidence: UK FRC

  • Author: Rahman Aziz
  • Published: 8 Feb 2017

Retendering and rotation of auditors helps improve audit confidence, according to the UK Financial Reporting Council (FRC).. read more

Key highlights of India Union Budget 2017

  • Author: Stephanie Wix
  • Published: 6 Feb 2017

The Union Budget 2017 for India was presented in Parliament on 1 February by finance minister Arun Jaitley.. read more

IPSASB releases accounting standard IPSAS 40

  • Author: Stephanie Wix
  • Published: 1 Feb 2017

The International Public Sector Accounting Standards Board (IPSASB) today issued the accounting standard IPSAS 40.. read more

News brief: AASB releases improvements for Reduced Disclosure Requirements

  • Author: Stephanie Wix
  • Published: 1 Feb 2017

The Australian Accounting Standards Board (AASB) has released proposals to Reduced Disclosure Requirements (RDR), which they say present.... read more

FSA publishes draft audit firm governance code

  • Author: Stephanie Wix
  • Published: 30 Jan 2017

Japan’s Financial Services Agency (FSA) has published a draft audit firm governance code consisting of five principles and related guidance for.... read more

OECD tax initiatives welcome new signatories

  • Author: Rahman Aziz
  • Published: 27 Jan 2017

Seven countries have join the OECD’s automatic Country-by-Country (CbC) reporting agreement.. read more

IESBA completes first major phase of Code of Ethics restructure

  • Author: Stephanie Wix
  • Published: 27 Jan 2017

Restructuring the international Code of Ethics enters its final stage as its first phase is completed, announced the International Ethics Standards.... read more

News Brief: EU audit rules implementation state of play released

  • Author: Stephanie Wix
  • Published: 27 Jan 2017

An updated state of play has been presented by Accountancy Europe, six months after the implementation deadline, showing 31 European countries.... read more

EU Greens’s report on Tax evasion targets middle-men

  • Author: Stephanie Wix
  • Published: 26 Jan 2017

The role of intermediaries in tax evasion has been revealed by the European Parliament group Greens/EFA who scanned through the data of the panama.... read more

Tax authorities target intermediaries

  • Author: Rahman Aziz
  • Published: 25 Jan 2017

Tax authorities from 30 countries have met in Paris earlier this month for the meeting of the Joint International Taskforce on Shared Intelligence.... read more

News Brief: Hong Kong signs tax agreement with South Korea

  • Author: Rahman Aziz
  • Published: 24 Jan 2017

Hong Kong has signed a tax agreement with South Korea following on similar agreement with Japan and the UK to provide automatic exchange of.... read more

Nigerian president dissolves the board of the national regulator

  • Author: IAB and TA editorial
  • Published: 23 Jan 2017

The President of Nigeria’s Federal Government Muhammadu Buhari, suspended the application of the national Corporate Governance Code and dissolved.... read more


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