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News archive

[30.01.2012] PwC claims E&Y “shadows” its Lloyds audit

[30.01.2012] IASB and FASB seek to reduce differences in classification and measurement models for financial instruments

[18.01.2012] EFSF lost “AAA” as well

[13.01.2012] Deloitte US alert on accounting for Eurozone sovereign debt holdings

[12.01.2012] CFA Institute’s recent study deals with risks of information disclosure around financial instruments

[11.01.2012] FASB Issues Proposed Accounting Standards Update - Revenue Recognition

[28.12.2011] Deloitte, like PwC, KPMG, Seared in Inspection Report

[28.12.2011] Merry Christmas and Happy New Year!

[26.12.2011] FASB defers certain aspects of comprehensive income Accounting Standards Update

[23.12.2011] Professional accountants’ contribution in the current economic difficulties: enhancing transparency and confidence

[21.12.2011] IESBA proposes changes to the Code of Ethics for Professional Accountants to address conflicts of interest

[21.12.2011] IASB proposes to clarify the transition guidance in IFRS 10

[20.12.2011] IASB defers IFRS 9 mandatory effective date to 2015

[20.12.2011] IASB and FASB issue common offsetting disclosure requirements

[19.12.2011] IAASB Addresses Auditing Considerations Relating to Financial Instruments

[16.12.2011] Bank use of IFRS challenged

[16.12.2011] Fitch cuts Goldman, Deutsche, five other large banks

[14.12.2011] Michel Prada appointed as Chairman of the IFRS Foundation Trustees

[12.12.2011] Rouble becomes Ukraine’s reserve currency

[12.12.2011] EU summit produced half-measures to save euro

[12.12.2011] SME Implementation Group publishes two final Q&As

[12.12.2011] EFRAG requests deferral of the effective dates of IFRS 10, 11 and 12

[09.12.2011] IFAC Proposes Revised Statements of Membership Obligations

[09.12.2011] PCAOB Publishes Staff Audit Practice Alert on Assessing and Responding to Risk in the Current Economic Environment

[08.12.2011] US considers 'modified incorporation' of IFRS

[07.12.2011] US SEC economist says more time needed on IFRS decision

[07.12.2011] Europe gets “negative”

[07.12.2011] PCAOB Enters Into Cooperative Agreement with the Netherlands

[07.12.2011] IFAC Comments on European Commission Proposed Legislation

[05.12.2011] ESMA gathers worldwide supervisors to discuss enforcement of IFRS

[05.12.2011] BCBS urges closer IASB & IAASB

[05.12.2011] IFAC Issues Proposed International Guidance to Help Accountants Improve Internal Control

[02.12.2011] AICPA to IASB: Completion of Conceptual Framework Is Key

[02.12.2011] EU to break Big Four stranglehold

[28.11.2011] European businesses criticise Tobin Tax proposals

[24.11.2011] U.S. Regulators Push Chinese to Resume Auditor-Inspection Talks

[23.11.2011] Comments invited on two draft Q&As for the IFRS for SMEs

[23.11.2011] IASB and IFAC to enhance co-operation in developing private and public sector accounting standards

[17.11.2011] SEC releases reports on IFRS in practice and US GAAP-IFRS differences

[16.11.2011] IASB and FASB publish revised proposal for revenue recognition

[16.11.2011] Predictive Business Analytics: an important aspect of the professional accountants in business’ toolkit

[14.11.2011] ESMA publishes the outcome of a Review of European enforcers on the implementation of IFRS 8 “Operating Segments”

[14.11.2011] Audit chief accuses Big Four of low-balling

[11.11.2011] IFAC updates audit implementation guide for SMPs

[10.11.2011] SEC approves new rules to toughen listing standards for reverse merger companies

[09.11.2011] EU standard setters: quality and thoughtfulness essential in IFRS

[07.11.2011] Ukrainian banks now allowed to write off bad debts

[07.11.2011] Sovereign Debt Crisis Demands Financial Management Reform by Governments

[07.11.2011] FASB seeks comments on proposal for improving financial reporting of consolidations

[02.11.2011] EU to break Big Four stranglehold

[02.11.2011] PCAOB Enters Into Cooperative Agreement for the Exchange of Confidential Information with the Israel Securities Authority

[02.11.2011] Canadian regulator decides against allowing early adoption of recent IFRSs by certain entities

[02.11.2011] Kyiv Audit Group is in top 10 of leading Ukrainian audit firms

[27.10.2011] With SEC Decision on IFRS Anticipated by Year-End, PwC Releases New Guide Comparing Accounting Standards

[27.10.2011] IPSASB Issues Consultation Paper - Reporting Service Performance Information Consultation Paper

[26.10.2011] IESBA Proposes Changes to the Code of Ethics for Professional Accountants to Address a Breach of a Requirement in the Code

[26.10.2011] FASB Seeks Comments on Proposal on Accounting for Investment Property Entities. Seeks Comments on Proposal to Clarify Criteria for Investment Company Accounting

[26.10.2011] IAASB Undertakes Post-Implementation Review of Clarified ISAs; Invites Stakeholder Input

[21.10.2011] International audit networks merge in Ukraine

[21.10.2011] IASB proposes an amendment to the accounting for government loans in IFRS 1; clarifies accounting for costs associated with waste removal in surface mining

[21.10.2011] Annual reports shrink, says Deloitte

[20.10.2011] AICPA prepares for Canadian CPA expansion

[19.10.2011] AICPA Issues Ultimatum on Private Company Accounting Standards

[19.10.2011] Consultation on the future role of the Financial Reporting Council Published

[17.10.2011] IESBA 2011-2012 Strategy and Work Plan Approved

[17.10.2011] FASB Explains Changes to 2012 GAAP Taxonomy

[14.10.2011] IVSC and IPEV to co-operate on valuation standard-setting

[14.10.2011] HSBC letters are first shots in long-term attrition

[14.10.2011] FRC launches UK's first Financial Reporting Lab

[13.10.2011] Ukraine puts payment systems under tighter supervision

[13.10.2011] ACCA: IFRS gaining popularity

[12.10.2011] EU approved new requirements for energy market participants, further complicating Ukraine’s European integration

[12.10.2011] FRC announces changes to UK Corporate Governance Code and urges companies to respond rapidly

[12.10.2011] PCAOB proposes amendments to improve transparency through disclosure of engagement partner and certain other participants in audits

[10.10.2011] UK regulator criticizes French auditors

[10.10.2011] PCAOB to Consider Proposing Amendments to Improve Transparency Through Disclosure of Engagement Partner and Certain Other Participants in Audits

[07.10.2011] The Financial Reporting Review Panel invites comments on Revised Operating Procedures

[06.10.2011] Investment Entities proposals could have far-reaching impacts

[05.10.2011] Financial Accounting Foundation Seeks Comments on Plan to Improve Standard Setting for Private Companies

[05.10.2011] PwC reclaims world's largest accountant title

[05.10.2011] PCAOB Publishes Staff Audit Practice Alert on Audit Risks in Certain Emerging Markets

[03.10.2011] FASB weighs “going concern” self-test for US firms

[03.10.2011] Auditing standards in Russia will now be developed differently

[03.10.2011] International Federation of Accountants Releases Revisions to Policy Position Papers One and Three

[03.10.2011] Judgment in accounting for joint arrangements

[30.09.2011] New Model Audit: It’s a scary world out there

[29.09.2011] EU-level regulation 'essential for audit reform'

[28.09.2011] “Big Four” business model under attack

[28.09.2011] Deloitte Sued for $7.6 Billion over Mortgage Lender Audits

[26.09.2011] Judgment in accounting for joint arrangements

[26.09.2011] IFAC Begins Search for Next Chief Executive Officer

[21.09.2011] Russian translations of new and revised standards

[21.09.2011] New Goodwill Impairment Standard Leaves Questions

[19.09.2011] FASB Preps New Rule on Liquidity, Interest Rate Risks

[16.09.2011] USA: probability of recession 33%

[16.09.2011] EFRAG invites companies to participate in the field-testing of new standards

[16.09.2011] FASB Issues Accounting Standards Update to Simplify Testing Goodwill for Impairment

[16.09.2011] Accountants split on next IASB project

[15.09.2011] PCAOB Enters into Cooperative Agreement with Norway

[14.09.2011] PCAOB Plans Rulemaking on Identifying Auditors

[12.09.2011] IIRC issues Discussion Paper on Integrated Reporting, proposes a new approach to corporate reporting

[12.09.2011] EFRAG's draft comment letter on IASB Exposure Draft Mandatory Effective Date of IFRS 9

[12.09.2011] PwC defends itself from audit critics

[09.09.2011] SEC Files Subpoena Enforcement Action

[08.09.2011] Switzerland is again the most competitive country in the world

[07.09.2011] Company annual reports deemed unreliable - but appetite for them endures

[05.09.2011] The cost of capital calculations and impact on investment decisions

[02.09.2011] European banks will need 200 billion euro more in capital – IMF

[02.09.2011] 2012 U.S. GAAP Financial Reporting Taxonomy Now Available for Public Review and Comment

[01.09.2011] FRC acts to increase transparency in corporate reporting

[31.08.2011] ESMA urges IFRS 8 accounting speed-up

[29.08.2011] UK and Switzerland announce historic agreement

[29.08.2011] Representatives of the Accounting Standards Board of Japan and the Financial Accounting Standards Board Hold Biannual Meeting

[26.08.2011] European regulators may prolong the ban on «shorting» for another month

[26.08.2011] EFRAG invites companies to participate in the field-testing of the forthcoming revised proposals on Revenue Recognition

[25.08.2011] Study explores the political dimensions of IFRS adoption

[25.08.2011] More SEC Studies Expected Soon on IFRS

[24.08.2011] Broker issues Tobin tax threat

[24.08.2011] ICAEW criticises SEC phased IFRS plans; Calls for simultaneous transition in US

[24.08.2011] AICPA Recommends Allowing U.S. Public Companies to Choose IFRS

[22.08.2011] IFRS Taxonomy updated for financial statement presentation and employee benefits

[22.08.2011] Institutes attack US mandatory rotation plan

[18.08.2011] From accounting to accountability

[17.08.2011] NASBA and AICPA Issue Proposed Revisions to Continuing Professional Education (CPE) Provider Standards

[17.08.2011] PCAOB to consider concept release on auditor independence and audit firm rotation

[15.08.2011] Swiss tax treaty ‘by end of August’

[12.08.2011] OECD report highlights likely impacts of IAS 19 amendments

[11.08.2011] FASB approves standard to simplify testing goodwill for impairment

[10.08.2011] Changing Roles and Employer Expectations Define Areas of Competency for Professional Accountants in Business

[05.08.2011] IASB proposes adjustment to effective date of IFRS 9

[05.08.2011] IASB warns of weakening ties with FASB

[04.08.2011] Can IFRS 9 prevent Greek tragedy?

[04.08.2011] EFRAG report regarding costs of implementing country-by-country reporting

[03.08.2011] IASB establishes Emerging Economies Group

[28.07.2011] IFRS Taxonomy updated for fair value measurement and disclosure of interests in other entities

[28.07.2011] SEC adopts large trader reporting regime

[27.07.2011] Audit inspection reports for the six largest firms published

[27.07.2011] IASB launches a public consultation on its future work programme

[25.07.2011] FRC says “comply or explain” principle has important place in EU Corporate Governance

[25.07.2011] Canada releases basis of conclusions on move to IFRSs

[06.07.2011] Canada releases basis of conclusions on move to IFRSs

[04.07.2011] New Bribery Act criticised by UK200 Group

[01.07.2011] Changing of the guard at the IASB

[30.06.2011] SEC Commissioner backs IFRS adoption, discusses possible 'opt out' for issuers

[24.06.2011] FSA says banks ignore money laundering rules

[23.06.2011] IASB publishes proposals for amendments under its annual improvements project

[22.06.2011] IAESB Proposes Clarified Standard on Professional Accounting Education Entry Requirements

[22.06.2011] PCAOB issues concept release on auditor’s reporting model

[20.06.2011] New pension standard 'could cost companies £10bn'

[17.06.2011] IASB introduces improvements to the accounting for post-employment benefits

[17.06.2011] Goodwill Impairment Charges Decline Across Industries

[16.06.2011] IASB and FASB to re-expose revenue recognition proposals

[15.06.2011] PCAOB adopts interim inspection program for broker-dealer audits and broker and dealer funding rules

[15.06.2011] Financial Accounting Standards Board Launches New Taxonomy Online Review and Comment System

[10.06.2011] IFRS critics see momentum gathering

[19.05.2011] Financial Accounting Foundation Commissions Study Examining Role of GASB Standards in Assessing Accountability of Reporting Governments

[18.05.2011] IAASB Seeks Global Views on Enhancing the Value of Auditor Reporting

[16.05.2011] KPMG warns IFRS on consolidation

[13.05.2011] IASB and FASB issue common fair value measurement and disclosure requirements

[13.05.2011] IASB completes improvements to accounting requirements for off balance sheet activities and joint arrangements

[12.05.2011] IVSC working towards guidance on fair value of financial instruments

[12.05.2011] Sustainability data more reliable, says new figures

[11.05.2011] Critics unearth 'second thoughts' over IFRS

[06.05.2011] Financial Reporting Council consults on Boardroom Diversity

[06.05.2011] New PCAOB Chairman Pushes for Audit Overhaul

[05.05.2011] Proposed Predictive Analytics Guidance from IFAC Highlights Importance of Anticipating the Future

[04.05.2011] FASB issues accounting standards update to improve financial reporting of repurchase agreements

[04.05.2011] IAESB proposes clarified standard on assessment of professional competence

[04.05.2011] IAASB issues enhanced overarching assurance standard for comment

[29.04.2011] Investors 'do care' about audit competition

[27.04.2011] Joint Statement by the Monitoring Board and the Trustees of the IFRS Foundation

[27.04.2011] SEC Report Recommends No New SOX 404(b) Exemptions

[27.04.2011] Three Common Accounting Mistakes

[25.04.2011] Debate over value of SME audits rages

[22.04.2011] IPSASB Publishes 2011 Handbook of Pronouncements

[21.04.2011] SEC Announces Roundtable on International Financial Reporting Standards

[20.04.2011] E&Y: 66% favour two-tier international standards over UK GAAP

[20.04.2011] IASB and FASB report substantial progress towards completion of convergence programme

[20.04.2011] PwC offers conflicting views on IFRS

[18.04.2011] IAESB proposes revised standard on professional values, ethics, and attitudes

[18.04.2011] Interview with Sir David Tweedie and Leslie Seidman regarding the timeline for completing the convergence programme

[15.04.2011] LIBOR suspected in forming a cartel

[14.04.2011] Madoff promised even more problems to banks

[13.04.2011] The 21st century audit

[13.04.2011] IFRS Foundation publishes XBRL examples, SEC issues “no action” letter for US IFRS filers

[11.04.2011] Euronext declines the latest merger proposal

[11.04.2011] Accounting chief wants higher bank capital ratios

[11.04.2011] International standards' credibility 'threatened' by board changes

[08.04.2011] PCAOB enters into first cooperative agreement with Swiss regulators

[08.04.2011] SEC probing fraud at US-listed foreign companies

[07.04.2011] SEC and PCAOB fine PwC Indian affiliates $7.5m

[07.04.2011] EC to consult on corporate governance

[06.04.2011] ASB publishes Report on Cutting Clutter from Annual Reports

[06.04.2011] FASB Issues Accounting Standards Update to improve financial reporting about troubled debt restructurings

[04.04.2011] NYSE Euronext attracts another potential purchaser

[04.04.2011] Big Four speaks out on audit inquiry

[01.04.2011] AICPA Introduces IFRS Certificate Program Based on Comprehensive, Integrated Curriculum, Online Study

[31.03.2011] Big Four branded an “oligopoly” as Lords call for OFT inquiry

[31.03.2011] IASB responds to SEC warning over XBRL taxonomy

[30.03.2011] EU body tells accounting rule setter to slow down

[28.03.2011] On March 25, 2011 in the Ukrainian Chamber of Commerce within the frame of the Ukrainian-Indian Business Council

[23.03.2011] PCAOB plans changes in auditor reports

[18.03.2011] AICPA, CIMA Partner to Create International Credential

[17.03.2011] EU corporate tax base moves closer

[14.03.2011] Ukraine’s bank regulators ordered to disclose information in 20 largest shareholders

[14.03.2011] The APB issues feedback paper on auditor skepticism

[10.03.2011] EU should go it alone on “Tobin tax”, European Parliament says

[10.03.2011] PCAOB to Discuss Auditor’s Reporting Model

[05.03.2011] Key Business Leaders from Around the World Recommend Fundamental Changes to Business Reporting in IFAC Report

[05.03.2011] Financial Accounting Foundation outlines plans to address standard setting for nonpublic entities

[25.02.2011] IFAC Issues Revised Guidance to Further Support the Development of Professional Accountancy Organizations Worldwide

[24.02.2011] Double-entry bookkeeping not necessary for small businesses in Ukraine

[18.02.2011] Ukraine’s legislation slowly converging with European standards

[14.02.2011] Europe Mulls Limits on Audit Firm Concentration

[09.02.2011] Ukraine will create a national office to work with largest taxpayers

[07.02.2011] IFRS Foundation’s Monitoring Board published a report on corporate governance

[07.02.2011] UK accountants want “Big Bang” for IFRS

[03.02.2011] Ukrainian regulators won’t struggle with tax evasion which involves Cyprus

[02.02.2011] IASB and FASB propose common solution for impairment accounting

[02.02.2011] EFRAG and the UK ASB issue a discussion paper: “Considering the effects of accounting standards”

[28.01.2011] Kazakhstan considers adoption of “IFRSs for SMEs”

[28.01.2011] Commission Reports on Financial Crisis Causes

[28.01.2011] IASB and FASB propose to align balance sheet netting requirements

[28.01.2011] Big Four should agree to reduce audit dominance

[27.01.2011] United States 'Blue-Ribbon Panel' issues report on private company reporting

[27.01.2011] FASB Reverses Course on Fair Value

[26.01.2011] Ukrainian-Turkish business forum in Kyiv

[26.01.2011] Financial institutions call for more climate change information

[24.01.2011] IAASB Explores Financial Statement Disclosures and Audit Quality

[21.01.2011] FSA and FRC extend cooperation and information exchange on audit issues

[04.01.2011] Kyiv Audit Group acquired the status “ENTITY OF THE YEAR 2010”

[28.12.2010] Merry Christmas and Happy New Year!

[27.12.2010] FRC to examine best practice on risk

[13.12.2010] IAESB Proposes Clarified Standard on Continuing Professional Development

[13.12.2010] ICAEW wants to explore joint-audit option

[10.12.2010] FASB Issues Proposed Accounting Standards Update - Receivables (Topic 310)

[08.12.2010] IASB publishes IFRS Practice Statement on Management Commentary

[08.12.2010] ICAS launches its vision for the future of assurance

[12.11.2010] Accountants urged to look beyond financials

[12.11.2010] SEC approves new rules prohibiting market maker stub quotes

[12.11.2010] ASB issues Improvements to Financial Reporting Standards 2010

[11.11.2010] US companies slow to adopt IFRS

[10.11.2010] Trustees seek public comment on the future strategy of the IFRS Foundation

[08.11.2010] IFAC Addresses the Concept of the Public Interest

[03.11.2010] FRC appoints Roger Marshall as Interim ASB Chairman

[03.11.2010] Norway, Saudi Arabia join KPMG Europe

[29.10.2010] IASB issues additions to IFRS 9 for financial liability accounting

[25.10.2010] PwC slates FRC idea to create Big Five

[21.10.2010] AICPA IFRS Readiness Survey 2010

[20.10.2010] IFAC SMP Committee Releases Updated ISA Guide

[20.10.2010] IASB and FASB consult on effective dates for convergence accounting standards

[18.10.2010] Proposals Relating to the Withdrawal of Existing IAPSs and Clarification of the Status and Authority of New IAPSs and Proposed IAPS 1000, Special Considerations in Auditing Complex Financial Instruments

[15.10.2010] FASB Issues Accounting Standards Update No. 2010-26 “Financial Services - Insurance (Topic 944): Accounting for Costs Associated with Acquiring or Renewing Insurance Contracts”

[15.10.2010] FRC wants greater power over auditors

[14.10.2010] FASB Issues Proposed Accounting Standards Update to Improve Financial Reporting about Troubled Debt Restructurings

[14.10.2010] The European Commission consults on how the European audit market can be improved

[13.10.2010] Trustees appoint Hans Hoogervorst to succeed Sir David Tweedie

[04.10.2010] IASB and US FASB complete first stage of conceptual framework

[27.09.2010] Audit market is "fiercely competitive" Deloitte argue

[27.08.2010] IASB proposes amendments to IFRS 1

[27.08.2010] FASB updates several “medical” accounting standards.

[25.08.2010] IAESB Releases 2010 Handbook of International Education Pronouncements

[20.08.2010] Ukrainian banking legislation to be amended in favor of borrowers

[20.08.2010] Staff draft of a forthcoming IFRS on fair value measurement

[18.08.2010] IASB and US FASB publish proposals to improve the financial reporting of leases

[16.08.2010] Rulemakers Plan Global Overhaul of Lease Accounting

[16.08.2010] European officials frustrated at “lack of transperency”

[03.06.2010] IASB and FASB issue statement on their convergence work

[02.06.2010] Ukraine creating a “bad bank”

[02.06.2010] PCAOB publishes updated staff guidance related to registration process for applicants from certain non-U.S. jurisdictions

[19.05.2010] IFAC Seeks Views on Its 2010-2012 Strategy and Work Plan to Serve Professional Accountants in Business

[12.05.2010] Barnier tells US that Europe is “getting impatient” on accounting convergence

[07.05.2010] IASB concludes the 2008-2010 cycle of annual improvements to IFRSs

[19.04.2010] BAS issues new Modelling Standard

[12.04.2010] IFAC’s Education Standards Board Adopts New Strategy

[08.04.2010] PCAOB issues staff audit practice alert on auditor considerations of significant unusual transactions

[30.03.2010] IESBA seeks views on its strategy and work plan for 2010–2012

[30.03.2010] PCAOB proposes auditing standard on communications with audit committees

[25.03.2010] US audit watchdog weighs board communications rule

[17.03.2010] IASB Expects Accounting Standards to Stabilize in 2011

[17.03.2010] IAASB Welcomes New Auditing Research Initiative

[15.03.2010] IAESB Issues Consultation Paper on Competence Requirements for Audit Professionals

[12.03.2010] Kyiv Audit Group passed APU’s review of quality control system

[05.03.2010] Global Accountancy Leaders Support IFAC Focus on SMEs and Their Financial Advisors

[27.02.2010] PCAOB Publishes Staff Question and Answer on Auditing Standard No. 7 “Engagement Quality Review”

[26.02.2010] IFAC Global Survey Says International Standards Crucial to Investor and Financial Stability

[26.02.2010] Draft of new Actuarial Standard on Pensions is published

[25.02.2010] Exposure draft IFRS Taxonomy 2010

[25.02.2010] IPSASB Seeks Views on Accounting for Service Concession Arrangements by Grantors

[25.02.2010] IASC Foundation publishes proposed IFRS Taxonomy 2010

[25.02.2010] IASB issues limited exemption amendment to IFRS 1

[20.01.2010] IPSASB Publishes Three New Standards on Financial Instruments

[12.01.2010] IASB publishes proposals on the impairment of financial assets

[29.12.2009] Marry Christmas and Happy New Year!

[16.12.2009] IASB simplifies requirements for disclosure of related party transactions

[02.12.2009] IAASB Staff Practice Alert Helps Auditors Plan More Effective Use of External Confirmations

[20.11.2009] IFAC Releases New Tool that Gauges ISA Adoption

[16.11.2009] Chairman of the IASB provides update to ECOFIN on reform of IAS 39

[27.10.2009] IASB amends the accounting for rights issues

[12.05.2009] 13 years in business!!!

[23.04.2009] Participation at "EBA in PRINT"

[14.11.2008] May your hearts be opened to children!

[13.10.2008] Sponsoring International Forum Financial Ukraine 2008