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News Brief: FRC Investigation of PWC LLP’s audit of Redcentric plc 27 February, 2017
The Financial Reporting Council (FRC) has launched an investigation in respect of PricewaterhouseCoopers (PwC) LLP in relation to the audit of the financial statements of Redcentric plc.
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ACCA survey: Ethics and trust in a digital age
Thursday, February 23, 2017 More devices, more data, more processing power. Automation and robots are on the rise. There’s no doubt we are now firmly in the digital age and it’s here to stay.
Will female professionals in the OECD have to wait 95 years for equal pay?
Thursday, February 23, 2017 The average time to close the pay gap at current rates of progress amongst OECD countries is of 95 years, according to a research by PwC.
Brazilian lawyers and accountants meet ahead of NOCLAR implementation
Tuesday, February 21, 2017 As Brazil prepares to adopt the IESBA’s framework of standards to respond to non-compliance with laws and regulations (NOCLAR), Brazilian lawyers, accountants and auditors met to discuss its implications.
UK FRC to launch a review of the UK corporate governance code
Monday, February 20, 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 specific date has been communicated.
Adoption of FRS 115 expected to be a challenge for Singapore companies
Thursday, February 16, 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 the implementation of FRS 115, according to a survey by EY Singapore.
Senior partner of HLB Indian member firm becomes president of the institute
Thursday, February 16, 2017 The Institute of Chartered Accountants of India (ICAI) has appointed Nilesh Vikamsey as president and Naveen N.D.Gupta as vice-president for year 2017-18.
Swiss vote against tax reform
Tuesday, February 14, 2017 In a referendum on Sunday, around 59% of Swiss voters chose against the plans for corporate tax reform.
PCAOB announces $1m settlement with Indonesian EY member
Tuesday, February 14, 2017 The Public Company Accounting Oversight Board (PCAOB) has announced that it has censured and imposed a $1m civil penalty on KAP Purwantono, Suherman & Surja an Indonesian member of EY global network.
ACCA and CAT study shows demand for accountants over Brexit process
Tuesday, February 14, 2017 The Association of Chartered Certified Accountants (ACCA) and the Association of Accounting Technicians (CAT) have published a study showing that Members of Parliament believe accountants will be increasingly in demand during the Brexit process.
IFRS gain slow momentum amongst Islamic Financial Institutions
Monday, February 13, 2017 More Islamic Financial Institutions (IFIs) are compliant with IFRS in 2016 compared to 2014 but overall IFRS compliance remains low amongst IFIs, according to data from the Asian-Oceanian Standard-Setters Group (AOSSG).

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