International News

Table of Articles
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
ICAEW: 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UK: Government to review outdated whistleblowing laws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
Why tighter regulations won't prevent the next financial crisis
FASB Proposes Accounting Rules for Measuring, Presenting and Disclosing Crypto Assets
Consider Developing a Standard Definition of EBITDA for U.S. GAAP, FASB Advisers Say
Accountant shortages likely to yield more audit failures
Bank of England raises key UK interest rate to 4.25%
Fed delivers small rate hike, says 'some additional' tightening possible
US: IRS issues NFT tax guidance
Canadian accountants take note as SEC reminds accounting firms of the rules involving other auditors
KPMG’s 29-year SVB stint stirs independence debate
FASAB issues bulletin on reimbursable work agreements
Deloitte Hit by Record China Fine, Suspension Over Huarong
IASB improves approach to developing disclosure requirements
ECB backs big rate hike despite bank chaos
FASB proposes enhancements to income tax disclosures
After SVB, cash is once again king, ex-CFO says
KPMG stands by audits of Silicon Valley Bank and Signature Bank
KPMG Under Pressure After Clean Audits of SVB, Signature Bank
SVB collapse: Moody's changes outlook on US banking system to 'negative'
Crypto Sector’s Reserve Reports Can’t Be Trusted, Says U.S. Audit Watchdog
USA: Big Companies Seeing Tax Benefits From Law Change Some of Them Fought
UK: Sanctions against PwC and two former audit partners
IASB retains impairment-only goodwill model in M&A
New standard provides risk-based approach to group audits
KPMG working on tackling decarbonisation goals
Seven key takeaways from the IFRS Sustainability Symposium
ESG reporting muddled by jumble of standards: IFAC
EU auditors: Time to simplify the complex EU financial landscape
Canadian audit regulator issues enforcement action against US accounting firm
FASB studies AI use in financial data analysis
FRC announces revisions to Technical Actuarial Standard 100
U.S. Accounting Rulemakers Studying How Investors Use Artificial Intelligence to Consume Financial Data
IESBA releases final code revisions to group audits
CFOs struggle to move past ‘transactional’ responsibilities
ESG Reporting Now Common at Large Companies, But Report Quality Varies
PCAOB Enforcement Activity Up Sharply in 2022
Opportunity knocks for firms as ESG reporting, assurance levels rise
IMF flags debt restructuring hurdles, says banning crypto should be an option
Businesses must take action to weather geopolitical storms
China urges state firms to drop Big Four auditors, Bloomberg reports
ICAEW issues practical tips on UK CFDR
Britain says global accounting rule is crimping its economy
'Cheaper, faster, safer': India, Singapore launch real-time payments link
‘Fake EBITDA’ masks risk in debt-laden companies
ISSB announces sustainability standards issue date
FASB votes to finalize lease accounting relief
KPMG US to cut 700 advisory jobs
UK audit regulator risks cementing the Big Four’s oligopoly
New SEC Rules Target Corporate Insider Trading
Audit Committees are Increasingly Tasked with Additional Areas of Oversight, Survey Finds
FASB to Issue One New Accounting Standard and Three Proposals This Quarter
AICPA’s Auditing Standards Board Votes to Finalize Proposed Group Audits Standard
KPMG Canada falls short in audit inspection report from US audit watchdog
The IIA Opposes New PCAOB Standard Proposal's Anti-Internal Auditor Language in Comment Letter
Proposed crypto accounting rules won’t cover self issued tokens
GASB Proposes New Guidance for Subscription-Based IT Services
Deficiencies In Audit Quality
Audit committee job creep taking its toll
UK sets out plan to regulate cryptoassets
FASB Crypto Proposal Coming by End of March amid Slight Sector Rebound from Lows
PCAOB offers new guidance for quality control remediation

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