11 June 2018
IFAC in the News
IFAC | 11 JUNE 2018
IFAC Releases 2017 Annual Review: 40 Years of Excellence High-quality reporting should transparently demonstrate how organizations preserve and create value over time. As a global advocate for integrated reporting, IFAC’s 2017 annual review is designed to offer information on our financial, human, social and intellectual capitals alongside our ...
IT-ONLINE | 15:00, 6 JUNE 2018
SA leads in international accounting standards adoption The International Federation of Accountants (IFAC) recently released its 2017 Global Status Report which measures the progress of its members in adopting its international accounting standards.
Standard-Setting Boards in the News
ACCOUNTING TODAY ONLINE | 11 JUNE 2018
Climbing the lease accounting compliance mountain Accounting teams are under intense deadline pressure to comply with new lease accounting rules from the Financial Accounting Standards Board and the International Accounting Standards Board. Those who didn’t start this timeconsuming, ...
INTERNATIONAL ACCOUNTING STANDARDS BOARD | 16:05, 8 JUNE 2018
08 June 2018IFRS Foundation International Conference: Final countdown to Frankfurt The speaker line-up for the IFRS Foundation international conference in Frankfurt (28–29 June) has now been confirmed. More than half of the International Accounting Standards Board (Board) members, including its Chair, Hans Hoogervorst and ...
COASTWEEK | 11:08, 8 JUNE 2018
Challenges delay Kenyan banks effecting new reporting standard NAIROBI, (Xinhua) -- A majority of the Kenyan 41 commercial banks are yet to implement the International Financial Reporting Standard (IFRS) 9, whose deadline lapsed on Jan. 1.
ARAB TIMES | 6 JUNE 2018
Some local banks face difficulty in enforcing int’l criteria ‘IFRS 9’ ‘Abiding by directives exposes banks to violating Sharia’ KUWAIT CITY, June 5: Some local banks are facing difficulty in enforcing the international criteria for financial reports IFRS 9’ based on the suggested monitoring remedy for the ...
ACCOUNTANCY NEWS POWERED BY TIMETRIC | 5 JUNE 2018
IFRS 9: are we ready for another crisis?
With the 2008 Banking crisis a decade old, Jonathan Minter speaks to Burkhard Eckes, chair of the Banks Working Party, about the work of the group and how IRFS 9 is looking to prepare banks for another crash.
News that Matters to the Profession
REUTERS NEWS | 3:43, 11 JUNE 2018
KPMG fined $4.3 million in Britain over audit of Quindell LONDON (Reuters) - Britain's accounting watchdog fined KPMG 3.2 million pounds ($4.3 million) on Monday for failings in its audit of Quindell Plc, after the legal services firm twice restated its accounts leading to heavy losses.
NEW INDIAN EXPRESS | 11 JUNE 2018
CAs to conduct programme on jobs for govt school students CAs to conduct programme on jobs for govt school students L RAJAGOPAL Coimbatore AS many as 500 chartered accountants will conduct an orientation programme for students of 1,000 government schools, as per a Memorandum of Understanding (MoU) ...
GHANAWEB | 5:43, 9 JUNE 2018
ACCA tasks UGBS to update syllabus
The Association of Chartered Certified Accountants (ACCA) has tasked the University of Ghana Business School(UGBS) to update its current syllabus to meet the modern training modules it has recently rolled out.
ACCOUNTING TODAY ONLINE | 8 JUNE 2018
AICPA chair Eric Hansen will also chair global association Eric Hansen, chairman of the American Institute of CPAs, was named Friday as chairman of the AICPA’s global association, the Association of International Certified Professional Accountants, which the institute runs with the U.K.-based ...
DAILY FT | 8 JUNE 2018
We are in pretty good shape: CB Governor Central Bank Governor Dr. Indrajit Coomaraswamy last week addressed the economic development of the country during the Institute of Certified Management Accountants of Sri Lanka (CMA) Founder's Day Oration.
DAILY FT | 8 JUNE 2018
Over 50% pass rate at CA Sri Lanka's Executive Level March 2018 exam The Executive Level March 2018 exam of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has seen a pass rate of over 50%. Six students from the institute also won merit prizes after excelling at the Executive Level I and II...
ACCOUNTING TODAY ONLINE | 7 JUNE 2018
CAQ funds 4 auditing research projects The Center for Audit Quality has selected four more academic research projects to fund through its grant program. The four projects are the latest of 39 that the CAQ has helped fund over the past 10 years with the help of its Research ...
U.S. SECURITIES AND EXCHANGE COMMISSION | 12:00, 6 JUNE 2018
Remarks to the Institute of Chartered Accountants in England and Wales: “The intersection of financial reporting and innovation" The Securities and Exchange Commission (“SEC” or “Commission”), as a matter of policy, disclaims responsibility for any private publication or statement by any of its employees. The views expressed herein are those of the author and do not ...
DOW JONES INSTITUTIONAL NEWS | 10:02, 6 JUNE 2018
U.K. Accounting Watchdog Review Launches, Won't Consider Big Four Breakup An independent review of the U.K.'s Financial Reporting Council has launched in the wake of the collapse of construction services company Carillion, but the inquiry won't consider the case of breaking up the Big Four auditing firms.
GLOBAL ACCOUNTANT | 18:42, 6 JUNE 2018
How Can Blockchain Disrupt the UK Accounting Industry? Blockchain will completely overhaul the UK’s accounting industry. The ICAEW described blockchain as “fundamentally an accounting technology”, due to the secure and transparent type of transactions. Blockchain can effectively ...
CPA TECHNOLOGY ADVISOR | 1:00, 5 JUNE 2018
AICPA Launches New CGMA Business Model Framework The Association of International Certified Professional Accountants has launched a new guide and toolkit to help business leaders and finance professionals succeed in dealing with the challenges of creating and maintaining value and trust ...
BUSINESS STANDARD | 6:36, 5 JUNE 2018
ICAI, SAICA sign pact to facilitate professionals movement The Institute of Chartered Accountants of India (ICAI) has signed a pact with its South African counterpart to establish a framework for making recognition of their members easier and promote mobility of professionals between the countries.
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