29 January 2018 IFAC in the News IFAC | 24 JANUARY 2018
Focusing on Performance: Enhancing Governance Globally there are 60 countries that do not have professional accountancy organizations (PAOs), and, there are an additional 93 PAOs that do not have sufficient capacity to function effectively at all levels.
ACCOUNTANCY NEWS POWERED BY TIMETRIC | 26 JANUARY 2018
IFAC publishes governance guidance for Professional Accountancy Organisations globally The International Federation of Accountants (IFAC) has published guidance for professional accountancy organisations (PAOs) on best governance practices through twelve key principles.
THE SUN | 29 JANUARY 2018
Nigeria can boost business confidence with accountability – Choudhury, IFAC boss Steve Agbota Fayez Choudhury is the Chief Executive Officer of International Federation of Accounting (IFAC). Fayez who was the Vice President of Corporate Finance and Risk Management, World Bank, spent three years in Nigeria while ...
Standard-Setting Boards in the News THE STAR (KENYA) | 25 JANUARY 2018
IFRS 9: What next for SMEs International Financial Reporting Standard (IFRS) 9 is live! January 1st, 2018, the date touted as ushering in a new era in banking, came and went.
INTERNATIONAL ACCOUNTING STANDARDS BOARD | 19:00, 25 JANUARY 2018
Transition help for IFRS 17 Insurance ContractsBoard Member Amaro Gomes outlines the support available to national standard-setters and regulators planning IFRS 17 implementation International Accounting Standards Board (Board) member Amaro Gomes outlines the materials and other support available to national standard-setters and regulators planning for implementation of IFRS 17 Insurance Contracts.
INTERNATIONAL ACCOUNTING STANDARDS BOARD | 19:00, 24 JANUARY 2018
25 January 2018Papua New Guinea adopts IFRS Standards and the IFRS for SMEs Standard
The Papua New Guinea Accounting Standards Board has renewed its commitment to IFRS® Standards. The standard-setter reconfirmed that all the country’s companies are required to report using IFRS Standards.
INTERNATIONAL ACCOUNTING STANDARDS BOARD | 16:39, 25 JANUARY 2018
25 January 2018IFRS Standards and their impact on financial stability and long-term investments Questions are sometimes asked about whether there is a connection between IFRS Standards and financial stability – and also about whether IFRS Standards encourage long-term or short-term investments. Here are two presentations that tackle ...
THE EDGE MARKETS | 4:00, 24 JANUARY 2018
Breathing space for accounting fraternity PREPARERS of financial statements, entrepreneurs and accountants will be happy to hear that the International Accounting Standard Board (IASB) has no plans to make massive changes to accounting standards over the next couple of years.
THE NEW TIMES | 23 JANUARY 2018
How new global financial reporting standard will affect local banking industry There uneaseness among banks on the impending implementation of IFSR 9 financial reporting guidelines. / File Local banks will soon adopt the new international financial reporting standard (IFRS 9), a move that is aimed at improving the ...
FASB (FINANCIAL ACCOUNTING STANDARDS BOARD) | 11:12, 25 JANUARY 2018
FASB Simplifies Adoption of New Leases Standard for Some Land Easements Norwalk, CT, January 25, 2018—The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update (ASU) that clarifies the application of the new leases guidance to land easements and eases adoption efforts for some ...
CFO.COM | 24 JANUARY 2018
FASB Seeks Rescue of Stranded Taxes Under a Financial Accounting Standards Board proposal, companies could reflect the effects of the new 21% rate on their balance sheets. While many CFOs may be celebrating the Tax Cuts and Jobs Act, the big tax-rate decreases their companies ...
News that Matters to the Profession PAKISTAN OBSERVER | 28 JANUARY 2018
PIPF starts process for IFAC full membership On the recommendations of the World Bank and DAGP, the Pakistan Institute of Public Finance Accountants (PIPFA) has kick started the process to obtain full membership of International Federation of Accountants (IFAC) and the Office of ...
REUTERS NEWS | 3:01, 29 JANUARY 2018
KPMG's audits of Carillion to be investigated: UK watchdog LONDON (Reuters) - Britain's Financial Reporting Council (FRC) has opened an investigation into KPMG's auditing of the now-collapsed Carillion covering the years 2014 to 2017, the watchdog said on Monday.
THE PUNCH | 26 JANUARY 2018
Digital culture growing rapidly in Nigeria —Awojobi The Chief Executive Officer/Registrar of the Chartered Institute of Bankers of Nigeria, Mr. ‘Seye Awojobi, says there is a need for more Nigerians to embrace the digital culture which is fast gaining attraction, in this interview with ...
ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS (ACCA) | 19:00, 24 JANUARY 2018
Galvanising improved corporate reporting and investor engagement through user-focused Enhanced Auditors’ Reports Recognising the EAR’s widespread impact on the financial reporting ecosystem, the Audit Oversight Board (AOB) of the Securities Commission Malaysia (SC), the Malaysian Institute of Accountants (MIA) and the Association of Chartered ...
NEWS CENTRAL ASIA (NCA) | 25 JANUARY 2018
President of Kazakhstan presents 10-point formula for modernization, development President Nursultan Nazarbayev of Kazakhstan, in his address published on 10 January 2018, has given the roadmap for ‘successful navigation and adaptation' through the ‘Fourth Industrial Revolution.'
BUSINESS AND FINANCE DAILY NEWS SERVICE | 26 JANUARY 2018
Irish business sentiment reaches strongest level in two years The latest KBC / Bank Chartered Accountants Ireland business sentiment index has been released today and shows that momentum in Irish business activity is very positive at present.
DNA MONEY | 26 JANUARY 2018
Firms may have to disclose bitcoin hoard, like DeMo notes Institute of Chartered Accountants working on rules following directive from government Kolkata: Companies may have to disclose their holdings of bitcoins the way they had to show their stocks of demonetised notes.
THE ECONOMIC TIMES | 2:20, 26 JANUARY 2018
CAs to look into diamond couriers’ deals Kolkata: About three weeks after Mumbai GST commissionerate seized diamond parcels from the angadias or diamond couriers in absence of proper documents, the Gem & Jewellery Export Promotion Council (GJEPC) has said it has engaged chartered ...
ACCOUNTING TODAY ONLINE | 25 JANUARY 2018
PCAOB mourns former chairman William McDonough William J. McDonough, the original chairman of the Public Company Accounting Oversight Board after the PCAOB was created by the Sarbanes-Oxley Act and a former president and CEO of the Federal Reserve Bank of New York, died Monday.
ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS (ACCA) | 19:00, 24 JANUARY 2018
More insightful auditor’s reports leading to greater corporate disclosures Companies are stepping up their corporate disclosures. This is in response to new and revised auditor reporting standards that came into effect at the end of last year. Auditor’s reports now contain more insightful information in the form ...
INDIA BLOOMS NEWS SERVICE | 25 JANUARY 2018
ICAI holds Annual Convocation ceremony all across the country Kolkata, Jan 25 (IBNS) The Institute of Chartered Accountants of India (ICAI) organised its annual convocation on Wednesday to award certificates of membership to over 650 new members and facilitate 04 rank holders of the recent CA ...
INDIA EDUCATION DIARY | 24 JANUARY 2018
Institute of Certified Management Accountants, Sri Lanka transforms exams to computer-based with Pearson VUE Mumbai, Jan. 24 -- ' The Institute of Certified Management Accountants (CMA), Sri Lanka has entered into an agreement with computer-based testing (CBT) global leader Pearson VUE to transform its exams into computerised form.
THE ECONOMIC TIMES | 8:38, 24 JANUARY 2018
Chartered accountants gatekeeper for companies, must stay away from murky things: Government Srinivas made the comments at the convocation ceremony of the Institute of Chartered Accountants of India (ICAI) in the national capital. NEW DELHI: Chartered accountants are the gatekeepers for corporates and should keep away from being ...
CANADA NEWSWIRE | 11:18, 23 JANUARY 2018
CPA Canada Announces New Reciprocal Membership Agreements TORONTO, Jan. 23, 2018 /CNW/ - Chartered Professional Accountants of Canada (CPA Canada) is pleased to announce the completion of a number of Reciprocal Membership Agreements (RMAs) with the following international accounting bodies:
THE WALL STREET JOURNAL | 23 JANUARY 2018
World Economic Forum: Outlook 2018 (A Special Report) --- Approach to Global Financial Rules Stays, for Now While President Donald Trump hasn't dropped his skepticism of global institutions, it seemed to be business as usual last year in terms of U.S. engagement with international financial regulators. But there are hints that this approach may ...
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