International News

Table of Articles
Charting the global economy: Fed holds; BOJ leaves yen at risk
EY makes big investment in accounting profession
40% of executives brace for ‘major’ reorganization, including layoffs: PwC
PCAOB Adopts Rule Intended to Increase Auditor Accountability
PCAOB sanctions Florida firm over audit violations
Auditors prioritize tech for fieldwork
SEC, FASB officials stress tone at the top, new standards
ChatGPT scores 60% accuracy on financial statement analysis
FASB Proposes Rule on How Companies Account for Government Grants
Understanding the PCAOB's stricter quality control rules
11 crypto exchanges in Hong Kong to get licences soon
IASB issues amendments to IFRS 9
ISSB releases jurisdictional guide to sustainability standards
ICAEW hits back at claims of declining audit quality
GASB Issues Guidance to Improve Components of Government Financial Reports
OpenAI signs content agreement with WSJ parent News Corp to train AI models
EY, KPMG upgrade AI capacities for auditors
PCAOB fines MaloneBailey $400K for quality control violations
Auditors failed to raise alarm before 75pc of UK corporate collapses
New Rules for US Auditing Firms Show That the World Has Changed
SEC strengthens requirements for response to data breaches
Should the Definition of a Public Business Entity be Revised? FASB Mulling Topic
Unveiling the new PCAOB standard QC 1000: A leap towards enhanced audit quality
AICPA approves revised attestation standards
KPMG Leads in IPO Audit Clients for Q1 of 2024
Crowe UK slapped with £144,000 audit fine
Could AI be universally adopted within audit in the next three years?
PCAOB OKs auditor responsibility and quality control standards
[IFRS 18] New IFRS Accounting Standard to aid analysis of financial performance
New IFRS Accounting Standard Eases Financial Reporting for Subsidiaries
US: Firms Starting to Field Questions on New Crypto Accounting Rules, Panel Says
FRC fines PwC, EY for London Capital & Finance audit failings
PCAOB sanctions auditors over audit evidence
UK: Deloitte further strengthens governance
Why don’t auditors find fraud?
CFOs must lead on establishing trust in AI for financial reporting
SEC Charges Audit Firm BF Borgers and Its Owner with Massive Fraud Affecting More Than 1,500 SEC Filings
IFRS and EFRAG release interoperability guidance for companies
US: IRS aims to more than double its audit rate for wealthiest taxpayers in strategic plan update
8 Characteristics of a Well-Designed Root Cause Analysis Process, According to the PCAOB
PCAOB recommends root cause analysis
ISSB releases digital sustainability taxonomy
Proposed PCAOB rule risks turning auditors into legal watchdogs
BoE tells lenders to get data on private equity or risk 'large loss'
EY Is the Busiest Among the Public Company Audit Firms
“Shadow Trading” is Insider Trading: Jury Establishes Liability in Historic Shadow Trading Case
PwC US announces major reversal in tax division strategy
Panama Papers: From Singapore to Switzerland, which are the top tax havens?
PCAOB finds auditor evaluation deficiencies
Why UK's proposed tax changes will make it less attractive for wealthy NRIs
FASB to Re-Expose Proposal on Interim Disclosure Rules for Public Comment
PCAOB levies record $25M fine on KPMG Netherlands for exam cheating
IFAC highlights key areas for sustainability upskilling
PCAOB crackdown shifting to focus on firms
New IFRS standard aims to improve corporate reporting
PCAOB Proposes Turnover Metrics and Other New Disclosures for Audit Firms
IRS changes how tax pros receive transcripts
IPEF to organise clean economy investor forum in Singapore in June
FRC fines Grant Thornton £40,000 for pension fund audit
Companies fall short on curbing cybersecurity risks from vendors: Moody’s
FASB Selects 11 Professionals to Sit on Emerging Issues Task Force
Deploying AI in accounting poses 12 audit risks: CAQ study
Australia: Head of audit at William Buck Victoria pays $20,625 penalty for audit rotation issues
PwC Hit With $2.75 Million Fine By PCAOB For Running Afoul of Independence Rules
Concerns abound over NOCLAR proposal to widen auditor duties
PCAOB fines PwC US and Australia for violations
FASB fine-tunes proposed expense disclosure rule
ICAEW pushes for charity audit threshold consultation
Work-life balance worries are scaring people away from audit
How NOT To Go To Prison For Insider Trading While Working From Home: 5 Tips
PwC cover-up of tax leaks scandal ‘worsens the crime’: report
Audit Plan to Flag Illegal Acts Needs Do-Over, Critics Charge
Could AI take the grind out of accountancy? - BBC
CFOs play it safe on AI spending
UN tax committee to design a model blueprint for wealth tax
FASB clarifies guidance on profits interest awards
How Germany got too tough on insider trading
BOJ ends negative interest rate regime: Economists say it’s more a reaction to change in Japanese economy, more hike likely
PCAOB fines KPMG China partners $150K
US Federal Reserve holds rates again over ‘elevated’ inflation
Accounting body says investors want climate data that U.S. rules exclude
PCAOB fines Israeli audit firm $200K
Deloitte launches biggest reorganisation in a decade to cut costs
Why the profession needs to say no to NOCLAR
Hong Kong’s Article 23 law: Auditors call for clarity amid fears over handling confidential information linked to possible state secrets
AICPA makes recommendations for digital asset transactions regulations
Audit committees are critical—but only a third of those sitting on one think they are effective
IAASB standard for auditing less complex entities
IASB proposes to improve acquisition reporting
Audit committees rank cybersecurity as top priority amid SEC crackdown
EU lawmakers pass sweeping AI rules with global reach, stiff penalties
AICPA Provides Recommendations for Clarification on Proposed Digital Asset Transactions Regulations
ICEAW: Audit fees rise by 75% since 2017
PCAOB Sanctions Gries & Associates for Audit Failures, Imposes $65,000 Fine on Firm and Founder
93% of firms use a mix of ESG standards, thwarting uniformity efforts: IFAC
KPMG fined $2 million for 'failures' in M&C Saatchi audit
US: Accounting firm sued over Ponzi scheme
Why AI can be accountants' next big pivot
IFRS Foundation publishes research on applying materiality judgements
Green audits are coming for a company near you

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