8 April 2019
Standard-Setting Boards in the News OMAN DAILY OBSERVER | 8 APRIL 2019
Impairment under IFRS 9: A cross-functional challenge The advent of IFRS 9 Financial Instruments has impacted the business world profoundly. One of the most challenging and contentious provisions of the standard is the recognition of expected credit losses (ECL) for the impairment on financial...
VIETNAM NEWS BRIEF SERVICE | 4 APRIL 2019
Banking: Finance Ministry Plans to Apply International Accounting Standards in Vietnam Vietnam’s Ministry of Finance (MoF) is collecting opinions for the draft rule on applying the International Financial Reporting Standards (IFRS) in the country, the state-run newspaper Thoi Bao Ngan Hang (Banking Times) reported.
CFO.COM | 3 APRIL 2019
Climate Change Reporting: A Catalyst for Change As the effects of climate change become more prominent, they will become more and more visible in financial statements, says IASB’s chair. The following is a speech given on Tuesday, April 2 byHans Hoogervorst, chair of the International ...
ALLAFRICA | 4:51, 3 APRIL 2019
Govt Enhances Accountability Government is moving to enhance accountability within its systems by moving from cash accounting to accrual accounting based on the International Public Sector Accounting Standards (IPSAS).
News that Matters to the Profession OUT-LAW.COM | 8:26, 8 APRIL 2019
Cryptoassets regulators directory shows desire for global approach, says Barber The Financial Stability Board (FSB) published the new directory late last week. It said its purpose is to “provide information on the relevant regulators and other authorities
in FSB jurisdictions and international bodies who are dealing ...
THE ECONOMIC TIMES | 7 APRIL 2019
This significant change in rule will make audit reports more effective By Sandesh Rajapkar & Bhavin KapadiaFollowing the financial calamities around the globe after the 2008 crisis, many questions have been raised about the role of watchdogs. In particular, they criticized that the statutory auditor's report ...
BELFAST NEWS LETTER | 5 APRIL 2019
A no deal Brexit still not off the table' Companies that have yet to make any plans for dealing with the outfall from a hard Brext must act now a leading business group has warned. With a no-deal exit still a distinct possibility, Chartered Accountants Ireland says UK and Irish ...
FINANCIAL NEWS | 8:23, 5 APRIL 2019
Accountancy body says financial reporting is a 'bewildering mess'; The ICAEW wants to influence the government reviews of the audit market that are under way The rules governing the drawing up of financial statements in the UK have been slated as a "bewildering mess" by the accountants' trade body, which wants a series of ongoing government reviews to fix the problems.
ACCOUNTANCY NEWS POWERED BY TIMETRIC | 5 APRIL 2019
EFAA: EC may have gone too far in exempting small companies from mandatory audit The European Federation of Accountants and Auditors (EFAA) has said the European Commission (EC) and national regulators, which have attempted to reduce regulatory burdens on SMEs, may have gone too far in exempting small companies from ...
ACCOUNTANCY NEWS POWERED BY TIMETRIC | 5 APRIL 2019
FASB readies standards for the netflix generation The US Financial Accounting Standards Board (FASB) has updated its accounting standard for entertainment, with a specific eye on keeping up to date with how episodic content, such as television programmes, is consumed in the modern world. ...
MONDAQ BUSINESS BRIEFING | 5 APRIL 2019
Help Is Here For Audit Committees—CAQ Offers Updated Auditor Assessment Tool To fulfill their oversight responsibilities, audit committees typically evaluate the outside auditor at least annually to determine, in part, whether the auditor should be
engaged for the subsequent fiscal year. The Center for Audit Quality...
ECONOMIA | 4 APRIL 2019
A global reach
ICAEW’s capacity-building projects have seen it work with international development bodies and governments to strengthen accounting practices worldwide
BULAWAYO | 4 APRIL 2019
ICSAZ launches public sector accounting qualification The Institute of Chartered Secretaries and Administrators in Zimbabwe has launched a public sector accounting qualification that is designed to strengthen the capacity of public sector accounting professionals in Zimbabwe.
PAKISTAN PRESS INTERNATIONAL INFORMATION SERVICES | 4 APRIL 2019
ACCA, FTAC support women entrepreneurs
The Women in Finance Society of the Association of Chartered Certified Accountants (ACCA) Pakistan, in partnership with FTAC, organised an intensive training programme 'Women in Business - Making Pakistan Prosperous' for aspiring women ...
INVESTMENT & PENSIONS EUROPE | 8:40, 4 APRIL 2019
UK asset manager body rejects FRC’s proposed stewardship definition Many people start their new year with diets, exercise, or perhaps a dose of self-help. Bookshops are well stocked with guides to better working, living, thinking, sleeping and even breathing.
THE TIMES | 4 APRIL 2019
Watchdog accused of conflict over KPMG audit review The audit watchdog has been accused by MPs of creating a "clear conflict of interest" by appointing a former KPMG manager to review the audit division of the Big Four firm.
CPA CANADA | 15:55, 4 APRIL 2019
CPA Canada wins awards, CPAB appoints first woman as board chair Doretta Thompson, CPA Canada’s financial literacy leader, and Li Zhang, principal, corporate citizenship, were on hand to accept the two 2019 Excellence in Financial Literacy Education awards at the Annual Conference on Financial Education ...
THE WALL STREET JOURNAL ONLINE | 16:52, 3 APRIL 2019
PwC Tests Blockchain for Validating Job Candidates' Credentials; The technology powering cryptocurrency
comes to the aid of the human-resources department PricewaterhouseCoopers LLP is experimenting with using blockchain technology to validate a job candidate's credentials, with the goal of speeding up the vetting process.
THE WALL STREET JOURNAL ONLINE | 17:50, 3 APRIL 2019
Accounting Rule Maker FASB Rejects Proposal on Loan Losses; FASB's rejection of a regional bank plan means a new loan-loss rule will go forward next year Accounting rule makers on Wednesday rejected a proposal by regional banks to soften the impact of a change that will force banks to book losses on soured loans much faster.
JDSUPRA BUSINESS ADVISOR | 20:49, 2 APRIL 2019
PCAOB Issues 2019 Staff Inspections Outlook For Audit Committees As Part Of Its Outreach As part of its transparency and outreach initiative to its stakeholders, the Public Company Accounting Oversight Board (“PCAOB” or “Board”) continues to issue staff briefs to better inform the public about how the Board is conducting its ...
EQUIPMENT FINANCE ADVISOR | 8:20, 2 APRIL 2019
Poll: Many Execs See No Slowdown in Lease Accounting Compliance Efforts Nearly half of public company executives see no slowdown ahead in the time and effort to be spent on compliance with the new lease accounting standards issued by the Financial Accounting Standards Board and the International Accounting ...
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