Accounting Profession News
-
Japan banks shiver as auditors flex muscles
The fate of Japan's top banks may lie in the hands of auditors. That is one of the strongest messages…
-
Auditors brought to book in EU
The European Commission will unveil on Wednesday plans to overhaul audit practices and boost corporate governance to better protect investors…
-
PwC eyes asset reconstruction segment
PricewaterhouseCoopers (PwC) is planning to enter the asset reconstruction sector in India and is in talks with financial institutions for…
-
Stiff penalties proposed for errant auditors in India
Auditors, who conceal facts or deliberately fudge company accounts, will face a harsher set of penalties. The Companies (Amendment) Bill…
-
£2.6bn court battle against Ernst and Young starts
Equitable Life today begins its court battle to appeal a ruling given in February that its former auditors Ernst &…
-
Former Arthur Andersen partner files lawsuit against old firm
A former managing partner of Arthur Andersen LLP's Indianapolis office has filed a lawsuit that seeks up to $139 million…
-
ICAI issues accounting, auditing guide for NGOs; sets up committee for Tendulkar
With many of the non-governmental organisations (NGOs) receiving huge funds from national and international donors, the Institute of Chartered Accountants…
-
IASB issues guidance for reporting greenhouse gas liabilities
The International Accounting Standards Board has dipped a toe into environmental reporting issues with draft guidelines on accounting requirements for…
-
IFAC Releases New IT Guidance for SMPs and SMEs
The International Federation of Accountants (IFAC) has released two new guidance documents to assist small and medium accounting practices (SMPs)…
-
Are IASB and FASB Converging on Derivatives?
Although everybody involved in contemporary discussions of accounting standards claims to want convergence, and the idea of a single universal…
