19 March 2018
IFAC in the News AL-BAWABA NEWS | 19 MARCH 2018
Abu-Ghazaleh Calls for Knowledge Transformation of the Accounting Profession At the IFRS Standards Conference, HE Dr. Talal Abu-Ghazaleh delivered a speech on the low-pace development of the accounting profession due to its practice of cautious change.
INVESTING.COM | 17 MARCH 2018
Jordan : Abu-Ghazaleh: IASCA Discusses Status of Audit Profession at IFACs Meeting in Belgium The International Arab Society of Certified Accountants (IASCA) participated in the International Federation of Accountants (IFAC) Annual Council Meeting held in Brussels.
Standard-Setting Boards in the News THE FINANCIAL EXPRESS (BANGLADESH) | 19 MARCH 2018
Enron, Satyam and wake-up call for audit professionals Bangladesh, March 19 -- Over the last couple of decades, a few incidents have acted as big blows to the profession of audit. The jolts include the dissolution in 2001 of Arthur Andersen, which was one of the big five global accounting firms...
THE SWAZI OBSERVER | 19 MARCH 2018
AUDITORS OBLIGED TO COMPLY WITH MONEY LAUNDERING AND FINANCING OF TERRORISM ACT By Majaha Nkonyane | 2018-03-19 AUDITING firms have an important role to play in guarding against money laundering and financing of terrorism.
THE STANDARD | 17:00, 17 MARCH 2018
IFRS 9: The impact on banks, customers and the economy At the beginning of this year, Kenyan banks joined their global peers in adopting the International Financial Reporting Standards 9 (IFRS 9), ushering in a significant shift in accounting for financial instruments.
IAASB | 13 MARCH 2018
IAASB Celebrates 40th Anniversary! Founded in March 1978, the IAASB is proud to celebrate its 40th year serving the public interest! From its inaugural meeting where it discussed plans for the first international auditing guidelines to today where ...
IAASB | 13 MARCH 2018
Experts Appointed to IAASB Project Advisory Panel International Auditing and Assurance Standards Board (IAASB) Emerging Forms of External Reporting (EER) Task Force announces the appointment of 23 individuals to the recently-established EER Assurance Project ...
ACCOUNTING TODAY ONLINE | 16 MARCH 2018
IFRS Foundation and SEC update XBRL taxonomy for 2018 The International Financial Reporting Standards Foundation has released a new IFRS Taxonomy for 2018, containing a number of updates since last year, while the Securities and Exchange Commission also updated its taxonomy.
SNL EUROPEAN FINANCIALS DAILY | 15 MARCH 2018
Greece's Big 4 banks expect €5B hit from IFRS 9 Greece's four largest banks estimated a combined impact of €5.25 billion from the implementation of the new IFRS 9 accounting standards, which require lenders to make provisions for potential losses in the future.
GULF NEWS | 22:33, 14 MARCH 2018
Delays on new accounting standard is no option One of the lessons of the financial crisis was that banks needed to pay greater attention to their provisions for losses, and how they report their financial position. Perceived deficiencies in accounting for financial instruments were ...
ACCOUNTING TODAY ONLINE | 13 MARCH 2018
Audit report changes are having a positive impact Recent changes to international standards for audit reports have improved the quality of information that’s available to investors, and had a positive impact on wider elements of financial reporting, including governance and corporate ...
INTERNATIONAL ACCOUNTING STANDARDS BOARD | 20:00, 12 MARCH 2018
New Publication:Issued IFRS®Standards 2018IFRS Standards Issued at 1 January 2018 (Red Book), available now in PDF and bound-volume format The IFRS Foundation is pleased to announce the publication of the Issued IFRS Standards 2018 in PDF and bound volume format. The issued Standards are published annually. The bound volume of Standards used to be called the ‘Red Book’.
ACCOUNTING TODAY ONLINE | 12 MARCH 2018
Preparing for the new lease accounting standard In 2016, the Financial Accounting Standards Board and International Accounting Standards Board issued new accounting standards, ASC 842 and IFRS 16, which change how organizations are required to recognize lease assets and lease liabilities...
News that Matters to the Profession THE TIMES | 19 MARCH 2018
Accountancy watchdog should be scrapped, says pensions body The accounting and financial reporting watchdog should be put in special measures and run by commissioners until it can be abolished and replaced by a fully independent agency, an influential pensions body has said.
THE STANDARD | 2:48, 19 MARCH 2018
Default fears over Kenya's public debt Accountants have warned that Kenya was teetering on the brink of a full-blown financial crisis, with the risk of defaulting on its huge debt obligations now a possibility.
BBC | 3:54, 19 MARCH 2018
Carillion finance directors to be probed by regulator The accounting watchdog is investigating the conduct of two former Carillion finance chiefs. Richard Adam and Zafar Khan has both been group finance director of the collapsed outsourcing company.
REUTERS NEWS | 15:55, 18 MARCH 2018
G20 watchdog focuses on rules review, holds fire on cryptocurrencies LONDON (Reuters) - The global watchdog that drove through a welter of banking and market reforms after the financial crisis said it will pivot more toward reviewing existing rules and away from designing new ones.
BW BUSINESSWORLD | 5:22, 18 MARCH 2018
How the New Tax Regime Will Create More Employment In India The steep demand for and limited availability of diligent tax specialists, has also had an effect on increasing job opportunities for commerce graduates and MBA
FIN24 | 7:00, 17 MARCH 2018
Fin24.com | Ntsebeza inquiry: only members of accounting body can be investigated Johannesburg – The Ntsebeza Inquiry faces a roadblock when investigating individuals who are not members of the South African Institute of Chartered
Accountants (SAICA).
FINANCIAL TIMES | 16 MARCH 2018
Probe urged into break-up of Big Four accountants This article is available to Financial Times subscribers.
FINANCIAL TIMES | 16 MARCH 2018
What the public should expect from auditors This article is available to Financial Times subscribers.
BUSINESSWORLD | 16 MARCH 2018
SPECIAL FEATURE: PRC BOARD OF ACCOUNTANCY 95TH ANNIVERSARY History of the accountancy profession in the Philippines Although accounting has been practiced in the Philippines since the Spanish period and possibly even before, the seeds of Philippine accountancy as a recognized profession were planted on March 17, 1928, when Republic Act No. 3105 was ...
CNW TELEBEC | 1:00, 15 MARCH 2018
New White Paper Identifies Blockchain Implications for Audit and Assurance TORONTO, March 15, 2018 /CNW/ - A new white paper from the national professional accounting organizations in Canada and the United States, along with the University of Waterloo, finds blockchain technology could potentially impact the audit...
BUSINESS AND FINANCIAL TIMES | 15 MARCH 2018
Institute of Chartered Accountants inducts 250 Accountants A section of inductees at the 3-day induction programme for the Accountants
THE BALOCHISTAN TIMES | 15 MARCH 2018
ACCA Pakistan to host Leadership Conversation 2018 from March 22 ACCA (Association of Chartered Certified Accountants) Pakistan will host the Pakistan Leadership Conversation (PLC) 2018 in three cities Islamabad, Karachi and Lahore from March 21 at Islamabad.
PAKISTAN OBSERVER | 14 MARCH 2018
ICAP awards gold medal, certificate to graduates of Accountancy Keeping alive the tradition of honouring its most illustrious and bright students, The Institute of Chartered Accountants of Pakistan (ICAP) held its Gold Medal and Certificate Distribution Ceremony in Islamabad to honour the freshly ...
THE TRIBUNE | 0:00, 14 MARCH 2018
Bahamas urged: ‘Roll with punches’ over blacklisting THE Bahamas must be “methodical” and not reactionary in response to the European Union’s (EU) ‘blacklisting’, a well-known accountant yesterday urging it to “roll with the punches”.
CANBERRA TIMES | 14 MARCH 2018
Climate risks still unknown This is where voluntary reporting gets you. Almost a year after the Financial Stability Board's taskforce on climate-related financial disclosures (TCFD) released its final recommendations, encouraging companies to come clean over the ...
FIJI TIMES | 13 MARCH 2018
Congress date set GROWTH through synergy, collaboration, innovation and resilience. This theme will set the basis of discussions at the 46th annual Fiji Institute of Accountants (FIA) Congress scheduled for May 18 and 19 at the Shangri-La's Fijian Resort in ...
ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS (ACCA) | 20:00, 13 MARCH 2018
Risks of cryptocurrencies like Bitcoin must be better understood by accountancy profession, says ACCA
ACCA (the Association of Chartered Certified Accountants) has today issued a new warning to professional accountants over the importance of maintaining an up-todate understanding of developments in the fast-moving space of cryptocurrencies...
ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS (ACCA) | 20:00, 13 MARCH 2018
Zambia’s Felix Mutati receives the ACCA Global Advocate of the Year Award
ACCA (the Association of Chartered Certified Accountants) has recognised Hon. Felix Mutati MP FCCA as its Global Advocate of the Year. Felix Mutati also received the regional Advocate of the Year Award for Sub Saharan Africa.
CAYMANIAN COMPASS | 1:00, 13 MARCH 2018
Accountants body announces new initiatives The newly elected 2018 Cayman Islands Institute of Professional Accountants Council are: back row from left, Serge Berube, Francois Lamontagne, James George (secretary), Baron Jacob, David Walker and Craig Smith; and front row, from left, ...
CFO.COM | 13 MARCH 2018
SEC Charges Foreign Affiliates of KPMG, Deloitte, and BDO The foreign firms participated in audits that skirted the full oversight of the Public Company Accounting Oversight Board. Lapses in global oversight by large auditing firms were highlighted once again on Tuesday, when the Securities and ...
SOUTH CHINA MORNING POST | 13 MARCH 2018
Most firms failing to tap benefit of automation: survey About 80 per cent of Hong Kong companies were either unaware of automation technologies in finance or had no plans to adopt them as they did not know where and how to start using such technologies, a survey by KPMG China and the Association...
ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS (ACCA) | 20:00, 12 MARCH 2018
Introduction of key audit matters leads to improved governance, audit quality and corporate reporting, finds ACCA In addition to being useful for investors, ACCA’s report has shown widespread benefits resulting from the adoption of key audit matters, including better governance, audit quality and corporate reporting.
ACCOUNTING TODAY ONLINE | 12 MARCH 2018
Problems found in 40 percent of audits worldwide Forty percent of the audits inspected by audit firm regulators had at least one finding indicating a serious problem, according to a new survey.
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