Accounting Profession News
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IFAC issues guidelines regarding working in IT environment
International Federation of Accountants (IFAC) has released guidelines to assist accounting bodies in preparing professional accountants to work in information…
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Ernst & Young System Criticized
A push by staff members at the Securities and Exchange Commission in USA to temporarily ban Ernst & Young from…
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Sanctions sought for Ernst & Young
Ernst & Young, one of the world’s largest auditing firms, faces a six-month ban from taking on new public company…
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SEC adopts softer regulation of auditors
The Securities and Exchange Commission in the US has approved new rules imposing more obligations and restrictions on auditors and…
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SEC to require anti-fraud assurance
The Securities and Exchange Commission in US plans to vote today to require executives of public companies to attest that…
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Body headed by a chartered accountant to settle sales tax disputes
The Federal government has constituted a dispute resolution committee to remove genuine hardships of businessmen relating to sales tax. The…
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Ban on auditor/suppliers would create management headache for IT directors
A call by members of Parliament in the UK for accountancy firms to be banned from providing expensive IT systems…
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ICAP chief's meetings with CAs in various cities
Institute of Chartered Accountants of Pakistan (ICAP) president Khaliq-ur-Rahman, accompanied by executive director Aslam Dossa, recently had a series of…
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Empowerment firm in South Africa sues Deloitte & Touche
Auditing firm Deloitte & Touche said on Monday it would defend a R200-million claim for damages by black empowerment company…
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PricewaterhouseCoopers agrees to pay $1 million as settlement
PricewaterhouseCoopers, world's largest accounting firm, has agreed to pay $1 million to settle federal regulators in US on allegations that…
