Bank audits not up to scratch, finds FRC
Audit

Bank audits not up to scratch, finds FRC

10y Richard Crump , Writer

Bank audits not up to scratch, finds FRC

FRC inspection report highlights continued deficiencies in the quality and rigour of bank audits Read More...

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SEC suspends ex-Deloitte risk officer over audit work
Accounting Firms

SEC suspends ex-Deloitte risk officer over audit work

10y Richard Crump , Writer

SEC suspends ex-Deloitte risk officer over audit w...

Former Deloitte & Touche chief risk officer suspended from auditing public companies for two years Read More...

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IASB agrees standard-setting charter of co-operation
Accounting Standards

IASB agrees standard-setting charter of co-operation

10y Richard Crump , Writer

IASB agrees standard-setting charter of co-operati...

Principles of co-operation between the IASB, national standard-setters and other accounting standard-setting bodies published Read More...

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Newsham facing FRC tribunal over Worthington Nicholls audit
Audit

Newsham facing FRC tribunal over Worthington Nicholls audit

10y Richard Crump , Writer

Newsham facing FRC tribunal over Worthington Nicho...

FRC launches disciplinary hearing into conduct of Paul Newsham, a former audit partner at Worthington Nicholls auditors Sixonethreeone Read More...

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Bischoff labelled ‘odd choice' as new FRC chair
Audit

Bischoff labelled ‘odd choice' as new FRC chair

10y Richard Crump , Writer

Bischoff labelled ‘odd choice' as new FRC chair

Credibility of Bischoff's appointment at FRC called into question during parliamentary hearing Read More...

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FRC consulting on going concern in changes to CG code
Corporate Governance

FRC consulting on going concern in changes to CG code

10y Richard Crump , Writer

FRC consulting on going concern in changes to CG c...

FRC consulting on going concern along with reforms to directors' remuneration policy as part of wider changes to the corporate governance code Read Mo...

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IASB launches dedicated research facility
Accounting Standards

IASB launches dedicated research facility

10y Richard Crump , Writer

IASB launches dedicated research facility

IFRS Research Centre launched to create more evidence-based reporting standard setting Read More...

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Baker Tilly criticised over deficient audit work
Audit

Baker Tilly criticised over deficient audit work

10y Richard Crump , Writer

Baker Tilly criticised over deficient audit work

FRC censures Baker Tilly for its reluctance to accept criticisms of audits in need of significant improvement Read More...

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Global audits found to be deficient in critical areas
Audit

Global audits found to be deficient in critical areas

10y Richard Crump , Writer

Global audits found to be deficient in critical ar...

Audits conducted by affiliates of six largest firms persistently deficient, survey of 30 regulators finds Read More...

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FRC extends Cup Trust investigation to include audited accounts
Audit

FRC extends Cup Trust investigation to include audited accounts

10y Richard Crump , Writer

FRC extends Cup Trust investigation to include aud...

FRC extends the scope of its investigation into controversial charity The Cup Trust to include preparation and audit of financial statements Read More...

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MEP calls for independent review into IASB
Accounting Standards

MEP calls for independent review into IASB

10y Richard Crump , Writer

MEP calls for independent review into IASB

Syed Kamall wants EC to commission review into international accounting standard setter - "similar" to Philippe Maystadt's review of Efrag Read More...

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FRC to launch new consultation on going concern
Business Regulation

FRC to launch new consultation on going concern

10y Richard Crump , Writer

FRC to launch new consultation on going concern

UK reporting watchdog to develop going concern proposals for further public consultation following investor criticism, Accountancy Age can reveal Read...

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MEPs question how EC will ensure IASB meets funding requirements
Accounting Standards

MEPs question how EC will ensure IASB meets funding requirements

10y Richard Crump , Writer

MEPs question how EC will ensure IASB meets fundin...

MEPs have asked EC to explain how IASB will avoid conflicts of interest and be democratically accountable Read More...

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EU approves IASB funding with strings attached
Accounting Standards

EU approves IASB funding with strings attached

10y Richard Crump , Writer

EU approves IASB funding with strings attached

Release of EU funding streams contingent upon sufficient reform to prevent conflicts of interest Read More...

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IFRS 9 leaves IASB with impaired convergence
Accounting Standards

IFRS 9 leaves IASB with impaired convergence

10y Stephen Bouvier

IFRS 9 leaves IASB with impaired convergence

The lack of a single asset impairment model between the IASB and FASB leaves preparers playing piggy in the middle Read More...

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IASB to overhaul processes as further filing issues arise
Accounting Standards

IASB to overhaul processes as further filing issues arise

10y Richard Crump , Writer

IASB to overhaul processes as further filing issue...

The IFRS Foundation overhauls governance processes in light of continued shortcomings in its filing record at Companies House Read More...

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EC cancels ICAEW and Mazars review into IFRS
Accounting Standards

EC cancels ICAEW and Mazars review into IFRS

10y Richard Crump , Writer

EC cancels ICAEW and Mazars review into IFRS

Mazars and the ICAEW review into effects of IFRS cancelled, while EC launches investigation into IFRS Foundation's reporting failings Read More...

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MEPs urge EC to cancel ICAEW and Mazars IFRS contract
Accounting Standards

MEPs urge EC to cancel ICAEW and Mazars IFRS contract

10y Richard Crump , Writer

MEPs urge EC to cancel ICAEW and Mazars IFRS contr...

MEPs urge EC to cancel ICAEW and Mazars contract to review effects of IFRS; call for investigation into IASB reporting failings Read More...

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FRC to amend accounting for debt instruments
Regulatory Bodies

FRC to amend accounting for debt instruments

10y Richard Crump , Writer

FRC to amend accounting for debt instruments

FRC to amend conditions that determine whether debt instruments can be measured at amortised cost or fair value Read More...

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IFRS Foundation admits to late filings on Companies House
Corporate Governance

IFRS Foundation admits to late filings on Companies House

10y Richard Crump , Writer

IFRS Foundation admits to late filings on Companie...

IASB oversight body admits failing to file information at Companies House in timely fashion, but denies its filings have been 'chaotic' Read More...

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Profit or loss necessarily 'rough around the edges'
Accounting Standards

Profit or loss necessarily 'rough around the edges'

10y Richard Crump , Writer

Profit or loss necessarily 'rough around the edges...

Broad definition of profit or loss "comes at a price", says IASB chair Read More...

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FRC issues guidance on housing associations audits
Audit

FRC issues guidance on housing associations audits

10y Richard Crump , Writer

FRC issues guidance on housing associations audits

Auditors issued with new guidance on the audit of housing associations Read More...

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IASB issues interim standard on rate-regulated activities
Accounting Standards

IASB issues interim standard on rate-regulated activities

10y Richard Crump , Writer

IASB issues interim standard on rate-regulated act...

IASB issues an interim standard that allows rate-regulated entities to continue using local policies on adopting IFRS Read More...

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Bischoff a winning appointment as next head of the FRC
People Business

Bischoff a winning appointment as next head of the FRC

10y Richard Crump , Writer

Bischoff a winning appointment as next head of the...

The FRC's new chairman must bring his banking experience to bear on how the FRC tackles failings in bank audits, governance and financial reporting Re...

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China hits back over Big Four US audit ban
Audit

China hits back over Big Four US audit ban

10y Richard Crump , Writer

China hits back over Big Four US audit ban

Chinese securities regulator expressed "deep regret" over SEC decision to ban Big Four from auditing Chinese companies listed on US stock exchange Re...

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Sir Win Bischoff named FRC chair
People Business

Sir Win Bischoff named FRC chair

10y Richard Crump , Writer

Sir Win Bischoff named FRC chair

Lloyds Banking Group chair Sir Win Bischoff will replace Baroness Hogg at the FRC Read More...

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SEC judge suspends Big Four China units
Audit

SEC judge suspends Big Four China units

10y Richard Crump , Writer

SEC judge suspends Big Four China units

Judge calls for Chinese affiliates of Big Four to be barred from working for any US-listed Chinese companies for six months Read More...

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