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Latest News - Standards

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

Businesses form group to identify natural and social capital valuation techniques

  • Author: Sarajuddin Isar
  • Published: 25 May 2017

Fifteen companies, most of them members of the World Business Council for Sustainable Development (WBCSD) have formed an informal group called the.... read more

European accountancy stakeholders defend EFRAG’s role and record against EU Commission plans of “streamlining”

  • Author: IAB and TA editorial
  • Published: 24 May 2017

Accountancy stakeholders from across Europe have responded strongly against plans from the European Union (EU) Commission of “streamlining” the.... read more

SASB Foundation launches membership programme with educational purposes

  • Author: Sarajuddin Isar
  • Published: 22 May 2017

The Sustainability Accounting Standards Board (SASB) Foundation has launched the SASB Alliance, a membership programme offering education and.... read more

Brexit uncertainty leads to hiring contractors rather than permanent staff

  • Author: Stephanie Wix
  • Published: 22 May 2017

Businesses are pushed by their uncertainty over Brexit to use contractors instead of hiring permanent staff, leading to non-EU accountants being.... read more

IASB issues IFRS 17 in insurance accounting shake up

  • Author: Stephanie Wix
  • Published: 18 May 2017

The profession has welcomed IFRS 17, issued by the International Accounting Standards Board (IASB), however it warned of the complexity and cost of.... read more

Global AI adoption can help accountants beyond compliance, PwC report finds

  • Author: Stephanie Wix
  • Published: 17 May 2017

Artificial Intelligence (AI) could help accountants beyond the basic compliance work by fostering high quality advisory services, according to a.... read more

Ransomware taking data hostage has given professionals the opportunity to prove their worth as ‘trusted advisors’

  • Author: Stephanie Wix
  • Published: 17 May 2017

The recent WannaCry Ransomware cyber-attack has plagued companies in 150 countries holding data for ransom and the accountancy profession was quick.... read more

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