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Latest News - Regulation

South African regulator plans changes to sanctions as investigation into Deloitte audit of Steinhoff begins

  • Author: IAB and TA editorial
  • Published: 15 Dec 2017

The South African regulator Independent Regulatory Board for Auditors (IRBA) has proposed to lift the limit on the level of fines it can issue as.... read more

Will the accounting standards be a victim of the digital transition?

  • Author: Federica Tedeschi
  • Published: 15 Dec 2017

Like any language adapts and evolve over time, accounting standards, a language in its own, is currently facing tremendous challenges with new.... read more

PCAOB new chairman appointed

  • Author: Sarajuddin Isar
  • Published: 13 Dec 2017

The USA Securities and Exchange Commission (SEC) has appointed Republican USA Senate lawyer William Duhnke as the new chair of the Public Company.... read more

CAQ tool outlines new auditors report for audit committees

  • Author: Stephanie Wix
  • Published: 11 Dec 2017

The Center for Audit Quality (CAQ) has released a tool outlining the requirements that audit committees should consider in the adoption of the new.... read more

IFAC offers alternatives to Monitoring Group’s proposed reform of the international audit and ethics standard-setting process

  • Author: Federica Tedeschi
  • Published: 7 Dec 2017

The International Federation of Accountants (IFAC) has published its initial views to the Monitoring Group Consultation Paper on changes to the.... read more

UK FRC consults on revised corporate governance code and guidance but warnings remain over significant change

  • Author: Stephanie Wix
  • Published: 6 Dec 2017

The UK Financial Reporting Council (FRC) has published for consultation a revised corporate governance code to reflect the changing business.... read more

UK regulator puts strategic report guidance on hold until 2018 government legislation

  • Author: Stephanie Wix,Federica Tedeschi
  • Published: 5 Dec 2017

The UK Financial Reporting Council (FRC) has decided to put its Guidance on the Strategic Report amendments on hold until the UK government intends.... read more

UK FRC admits it should have acted faster over HBOS audits investigation

  • Author: Stephanie Wix
  • Published: 30 Nov 2017

The Financial Reporting Council has admitted in a letter to the Treasury Committee that it should have acted faster during its early enquiries in.... read more

UK FRC answers to critics but still fails to convince

  • Author: Federica Tedeschi
  • Published: 21 Nov 2017

The UK Financial Reporting Council (FRC) has issued the report on the independent review of the sanctions imposed under its enforcement procedures.... read more

European Commission launches public consultation on how to encourage sustainable investments

  • Author: Stephanie Wix
  • Published: 21 Nov 2017

The European Commission has launched a public consultation on how to better encourage the inclusion of environmental, social and governance (ESG).... read more

European businesses are not ready for GDPR

  • Author: Federica Tedeschi
  • Published: 17 Nov 2017

Ninety two percent of European businesses are not ready for the EU’s General Data Protection Regulation (GDPR), effective in May 2018, according to.... read more

Italian antitrust authority fines Big Four total of $26.6m for restrictive competition

  • Author: Federica Tedeschi
  • Published: 16 Nov 2017

Italy’s antitrust authority has sanctioned the Big Four for €23.7m ($26.6m) altogether, following a violation of Article 101 of the Treaty on the.... read more

Registrations for the World Congress of Accountants open

  • Author: Vincent Huck
  • Published: 16 Nov 2017

Registrations for the World Congress of Accountants 2018 (WCOA 2018) have opened. The congress will take place in Sydney, Australia, which last.... read more

Bidcorp reappoints KPMG South Africa as external auditor despite recent scandals

  • Author: IAB and TA editorial
  • Published: 14 Nov 2017

Bidcorp, a multinational food-service group, has reappointed KPMG South Africa as its external auditor despite the recent scandals surrounding the.... read more

IFAC’s future in international audit standard setting in the balance

  • Author: Vincent Huck
  • Published: 9 Nov 2017

The Monitoring Group, a group of international financial institutions and regulatory
bodies responsible for the overall governance of the.... read more

A new guidance paper helps directors understand financial reporting obligations

  • Author: Federica Tedeschi
  • Published: 9 Nov 2017

Chartered Accountants Australia and New Zealand (CA ANZ) and the Association of Chartered Certified Accountants (ACCA) have launched a joint.... read more

PCAOB and Irish Audit Regulator sign cooperative agreement

  • Author: Sarajuddin Isar
  • Published: 9 Nov 2017

The Public Company Accounting Oversight Board (PCAOB) and the Irish Auditing and Accounting Supervisory Authority (IAASA) have signed a cooperative.... read more

The Governance Institute releases guidance on GDPR data responsibilities

  • Author: Federica Tedeschi
  • Published: 8 Nov 2017

ICSA, the Governance Institute, has released guidance to improve board awareness of the implications of the EU General Data Protection Regulation.... read more

ACCA regrets slow adoption globally of accrual accounting in the public sector

  • Author: The Accountant,IAB
  • Published: 6 Nov 2017

The Association of Chartered Certified Accountants (ACCA) has published a new report which considers the current state of the adoption of.... read more

GRI about to launch a report on non-financial and diversity information

  • Author: The Accountant,IAB
  • Published: 6 Nov 2017

General Reporting Initiative (GRI) and Corporate Social Responsibility (CSR) Europe used a webinar to present the results of a project that has.... read more


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