International News

Table of Articles
PCAOB adopts new audit confirmation standard
PCAOB fines Deloitte's Colombia firm $900K for violations
Financial restatements surge among SPAC startups
75% of companies unprepared for coming ESG audits: KPMG
PCAOB fines BDO USA $2M over audit violations
KPMG could face ‘record’ fines over Carillion audits
US Federal Reserve leaves key interest rate unchanged, sees hike by year-end
FASB weighs software capitalization threshold
UK risks losing its global reputation for best practice in corporate governance, ICAEW warns
PCAOB Proposes Expanded Liability for Individual Auditors Involved in Firm Violations
PCAOB finds faults in more than half of PwC Canada, BC accounting firms' audits
ECB hikes, cuts growth outlook; US core inflation remains bit firmer
Russian central bank hikes key interest rate to 13%
EY Falls Just Shy of $50 Billion in Global Revenue for 2023
Audit profession must ‘face up’ to common issues causing accounts delays, experts say
'No appetite for action’: ASIC response to audit breaches under fire
Australia: BDO audit partner banned until 2024 after botched financial report
PCAOB fines Canadian audit firm and its sole partner
PwC to curtail consulting work for US audit clients to reduce conflict risk
Auditing and Accounting Boards Should Work Together to Have Common Going Concern Standard, Former PCAOB Chief Auditor Says
FASB finalizes new fair value crypto accounting
SEC readies revised rules for reports on sustainability
FASB raises tax transparency bar
Australia: Big four earn 99.3pc of top companies’ audit fees
FASB issues new chapter of its Conceptual Framework
AICPA seeks comments on proposed changes to QM standards
Audit Quality Is More Complex Than One Board’s Inspection Data
PCAOB sanctions firm over auditor independence
China’s economic slump is sounding alarm bells across the world
Not yet clear rates are high enough to control inflation: Fed's Powell
FASB releases standard on joint ventures
US: CFO recession fears ease: PwC
US regulators raise pressure on board members at competing companies
PCAOB permanently bars CPA firm
FASB to revisit accounting priorities
Audit Firms Must Equip Their Employees to Detect Financial Fraud
Audit scandals rendering profession ‘unattractive’ to newcomers
SEC settles with Crowe U.K. over botched audit claims
Australia: Big four name-and-shame audit quality reprieve criticised
Why All Carbon Credits Aren’t Created Equal
PCAOB hits multiple firms with sanctions
PCAOB Faces Competing Requests in Revising Audit Requirements for Non-Compliance with Laws and Regulations
PCAOB fines K G Somani over audit quality lapses
Why insider trading is so difficult to stop
Auditors of Crypto Assets Struggle to Satisfy PCAOB
Business groups oppose PCAOB's NOCLAR standard
Accounting Firms Are Messing Up on Audits at an Unacceptable Rate, Says PCAOB Chair
FRC consults on revisions to Ethical Standard for auditors
Panama Papers law firm outsourced offshore deals to accountant in India, new reporting shows
US: Proposed Changes to Auditing Standards Will Increase Cost and Complexity to Businesses and Investors
PCAOB Standards Amendments Could Increase Auditor Responsibilities
US: New Definition of ‘Fraud’ Wipes Out High-Profile Prosecutions
PCAOB Issues Five Inspection Reports, Including Grant Thornton’s
US seeks to set aside convictions in KPMG audit scandal
IAASB proposes rules for auditing company climate disclosures
Audit firms fight to block expansion of fraud detection role
FASB proposes income statement disclosure changes
SEC Issues Warning Over Misleading Crypto 'Audits'
PCAOB sanctions firms over audit committee communications
IFRS releases resources to support sustainability reporting
AICPA debuts new practice aid for tech-enabled auditing
Fed hikes rates to highest level in 16 years at 5.25%-5.5% citing inflation
FASB Approves New Requirements for Disclosure of Big Expenses by Segment
US regulator reports rising number of flawed audits
KPMG Rolls Out Generative AI to Tax Pros, Launches Audit Pilot
EY expects more failing grades from US audit inspectors
Australia: Audit firm becomes the first to adopt nine-day fortnight
UK businesses plan to expand to India, says Grant Thornton
Accounting firms accused of missing climate risks in company audits
15% global minimum tax to come into effect next year: OECD
Deloitte Just Admitted to Misusing Government Information à la PwC Tax Scandal
PCAOB Criticizes PwC for Not Fixing Quality Control Deficiency
ISSB standards provide a ‘real purpose’ for young people to join accountancy profession
'Unacceptable': Hong Kong’s small auditors are cutting corners, threatening to undermine city’s finance hub status, says accounting watchdog
FRC issues amendments to FRS 102 and FRS 101
US: The Accountant Shortage Is Showing Up in Financial Statements
KPMG (UK): Just 7% of auditors’ tasks open to generative AI
Proposed audit reforms will not be "game-changing" and risk major lost opportunity, say Manchester accountants
Audit teams must collaborate to weather economic storm, experts say
US starts new round of audit inspections on China firms
FRC inspections show continued improvement at largest audit firms
US audit fees that lag inflation squeeze accountants
KPMG cuts about 1,900 more US jobs
FASB proposes improvements to accounting for purchased financial assets
PCAOB Looks to Add Rules for Auditors on Technology-Assisted Analysis
New rules aim to clamp down on corporate greenwashing
ISSB issues inaugural global sustainability disclosure standards
CA Sri Lanka launches new code of conduct and ethics for mid-level accountants, highlighting value of high professional standards
PCAOB details priorities for audit inspections
KPMG’s Big Four Dominance on Bank Audits Shaken by Failures
Advisory Panel Discusses Ideas to Increase Transparency of Audit and PCAOB Inspection
SEC Charges Audit Firm Marcum LLP for Widespread Quality Control Deficiencies
Bank of England hikes rates to 5% to tackle inflation, highest since 2008
UK removes countervailing tariff on steel bar, rod imports from India
India pitches for a rating upgrade with Moody's, questions methodology
Accounting Firms Scramble to Push Out AI Acceptable Use Policies
ECB raises rates to 22-year high, in no mood to pause
Decoded: Why India's millionaires are flocking to Dubai and Singapore
FRC publish review of fair value measurement
20-nation Eurozone dips into recession, economy shrinks by 0.1% in Jan-March

Page 1 of 5

International News

Important Updates