Key highlights of India Union Budget 2017
The Union Budget 2017 for India was presented in Parliament on 1 February by finance minister Arun Jaitley.
View ArticleTender and auditors rotation improve audit confidence: UK FRC
Retendering and rotation of auditors helps improve audit confidence, according to the UK Financial Reporting Council (FRC).
View ArticleUSA Congress buries transparency and anti-corruption requirements for USA...
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 anti-corruption rule mandating USA listed extractive...
View ArticleIFRS gain slow momentum amongst Islamic Financial Institutions
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...
View ArticleACCA and CAT study shows demand for accountants over Brexit process
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...
View ArticlePCAOB announces $1m settlement with Indonesian EY member
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.
View ArticleSwiss vote against tax reform
In a referendum on Sunday, around 59% of Swiss voters chose against the plans for corporate tax reform.
View ArticleSenior partner of HLB Indian member firm becomes president of the institute
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.
View ArticleAdoption of FRS 115 expected to be a challenge for Singapore companies
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...
View ArticleUK FRC to launch a review of the UK corporate governance code
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.
View ArticleBrazilian lawyers and accountants meet ahead of NOCLAR implementation
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...
View ArticleWill female professionals in the OECD have to wait 95 years for equal pay?
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.
View ArticleACCA survey: Ethics and trust in a digital age
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.
View ArticleNews Brief: FRC Investigation of PWC LLP’s audit of Redcentric plc
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.
View ArticleASEAN audit regulators and the Big-Four commit to a 25% reduction in audits...
The audit regulators of Malaysia, Indonesia, Singapore and Thailand have agreed with the Big Four to reduce the number of audits with inspection findings by at least 25%.
View ArticleSingaporean MoF and regulator issue responses to the public consultation on...
The Ministry of Finance (MoF) of Singapore and the Singaporean regulator, the Accounting and Corporate Regulatory Authority (ACRA), have reviewed comments received from two rounds of public...
View ArticleFirms’ audit quality procedures not sufficiently robust, UK FRC says
Following its review of the six largest audit firms, The UK Financial Reporting Council (FRC) has said that firms’ audit quality procedures were not strong enough and has published good practices to...
View ArticleICAS issues new guide on financial reporting standards for small and micro...
The Institute of Chartered Accountants of Scotland (ICAS) has issued guidance to help small and micro companies to apply the new financial reporting requirements.
View ArticleKPMG UK appoints new chairman
KPMG UK has appointed Bill Michael as its new chairman, effective 30 September 2017. He will take over from Simon Collins.
View ArticleSoftware provider proposes new models for SMP to tackle regulatory and...
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 QuickBooks global conference was told.
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