International News

Table of Articles
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
PCAOB Proposes Revised Audit Requirements for Non-Compliance with Laws and Regulations
Banks' reliance on AI to handle customer service worries consumer watchdog
IPSASB updates revenue transaction and transfer expense standards
ESG an “immense” market for mid-tier accounting firms to tap into
SEC’s Top Accountant Emphasizes Auditor’s Role in Detecting Corporate Fraud
Elon Musk is accused of insider trading by investors in Dogecoin lawsuit
FASB tax disclosure plan draws fire
Kill the Audit Industry, Says Ex-Auditor
IASB consults on proposed amendments to IFRS for SMEs Accounting Standard related to international tax reform
FASAB committee proposes changes to guidance on leases
IPSASB issues package of measurement-related pronouncements
IASB Issues Disclosure Rules to Boost Transparency around Terms of Supplier Finance Arrangements
FRC: Scalebox launched to promote competition and quality for smaller audit firms
ChatGPT aces CPA exam after prior version flunked
ICAEW: New risks revealed in the traditional banking model
UK companies watchdog proposes tougher disclosures on internal controls
FRC minimum standard for audit committees ‘a step in the right direction’
IASB amends tax accounting requirements to help companies respond to international tax reform
FRC publishes minimum standard for audit committees
PwC turns to AI for audit transformation
IFAC issues anti-corruption tool for accountancy organisations
Angry lawmakers accuse Fed of inaction in insider trading investigation
PCAOB Moves Project on Audit Quality Indicators to Standard-Setting Agenda
AICPA joins coalition to increase awareness of new BOI requirement
ISSB transition respite will provide 'more consistency'
US: Black taxpayers more likely to face audits, IRS confirms
FASAB seeks feedback on its existing standards
Sustainable accounting: The future of talent management
FASB’s tax proposal will ‘change the game’
FASB Seeks to Add Guidance on Profits Interest Awards
China says willing to work with U.S. on audit deal as challenges loom
What US Audit Inspections Mean for Big Four China: Explained
China audits littered with deficiencies, US accounting watchdog finds
New ICAEW hub aims to provide clarity on good professional judgement
UK watchdog probes Deloitte audit of UK clothing retailer Joules
Federal Reserve warns of credit crunch risk after US bank turmoil
Warren Buffett faults handling of US bank failures
SEC probing First Republic Bank executives for insider trading, Bloomberg reports
KPMG Pledges Cooperation in Senate Probe of Bank Audits
PCAOB enhances transparency of inspection reports
Insider trading case involving NFTs and a $57,000 profit ends with the first such criminal conviction ever
Supreme Court to Hear Whistleblower Retaliation Case with Widespread Implications
US Federal Reserve delivers small rate hike, flags possible pause in tightening cycle
FASB Updates Rules on Common-Control Leases
Independence Gets Its Own Spot in PCAOB Audit Inspection Reports
Regulators seize First Republic Bank, sell to JPMorgan Chase
India, Russia to explore possibility of accepting RuPay and Mir cards
IAASB proposes revisions to going concern standard
FRC: KPMG audit failings at The Works exacerbated by Covid-19
KPMG fined £1mn over ‘rudimentary’ failures in TheWorks audit
India plans to open logistics hub for Indian companies in Panama: Jaishankar
EY Leaders Are Pressured to Rebuild Trust After Failure of Split
Study Finds Negative Impact on Audit Partners who Give Adverse Internal Control Opinions
AI assisted sustainability assurance can address market capacity shortage
SVB collapse was apparent if you read the footnotes
KPMG Australia turns to AI to improve its audits
UAE allows corporate tax exemptions for public benefit entities
ESG reporting standard setter extends reach
How Financial Stability Relates To ESG Disclosure
PCAOB reveals priorities for 2023 inspections
Dubai court orders KPMG to pay $231mn for Abraaj fund audit failure
Businesses must evaluate long-term assets’ economic lives
ICEAW: How should we redefine accounting?
KPMG fined 875,000 pounds for failures in Luceco audit
FASB Issues New Accounting Rules for Investments in Tax Credit Structures
UK: Government to review outdated whistleblowing laws
KPMG, Goldman Sachs Faulted in Investor Suit Over SVB Failure
EY calls off plan to split audit, consulting units as talks fail
IASB confirms temporary relief from deferred tax accounting following OECD Pillar Two tax reform
Auditors Didn’t Flag Risks Building Up in Banks
UK: Professional bodies challenge government on tax simplification
FASAB issues statement to clarify lease terms
PCAOB Advisers Say Auditors May not be Fully Complying with Expanded Reporting Rule
Banks Face Tough Accounting Questions as Second Quarter Dawns
Int'l banking system is headed for more trouble, says Raghuram Rajan
FASB chooses single software accounting model
Big Four Auditors and Consultants Need Liability—And a Divorce
EY fined, banned from some audits in Germany over Wirecard scandal
Audit Regulatory Board Mum on Bank Failures as Critics Question Clean Audit Opinion for Silicon Valley Bank
PCAOB Rulemaking Could Lead to More Timely Issuance of Audit Inspection Reports
US bank deregulation 'may have gone too far': Treasury Secretary
FASB maps ‘one-stop shop’ expense disclosure proposal
Proposal aims to ‘modernize’ public-company audit standards
FASB issues update to leases guidance
US regulator sues top crypto exchange Binance, CEO for 'willful evasion'
FASB issues lease standards update

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