IFAC Digest - April 20, 2015

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20 April 2015
Independent Standard-Setting Boards in the News
The Edge Financial Daily | 20 April 2015
Greater scrutiny by auditors on the cards
KUALA LUMPUR: The International Auditing and Assurance Standards Board (IAASB) is
introducing a suite of new and amended auditing standards that will put Malaysian
companies under greater auditor scrutiny for audit periods ending Dec 15, ...
Accounting Today | 14 April 2015
IESBA Strengthens Auditor Independence Rules
The International Ethics Standards Board for Accountants has revised its ethics code to
improve the independence provisions for auditors.The changes mean that the ethics code no
longer permits auditors to provide certain prohibited ...
IESBA | 14 April 2015
IESBA Reinforces Auditor Independence Provisions; Further Limits Exceptions and Clarifies
Guidance around Non-Assurance Services
The International Ethics Standards Board for Accountants® (IESBA®, the Ethics Board) today
released Changes to the Code Addressing Certain Non-Assurance Services Provisions for
Audit and Assurance Clients.
News that Matters to the Profession
Fortune » - Fortune | 14 April 2015
What auditors ought to let U.S. investors know
Right on the heels of the annual report rollout, it's time now for the proxy season and its
annual shareholder thumbs-up or thumbs-down on the reappointment of a company's
auditors for the coming year. Ticking the box "for" or "against" is ...
Reuters News | 15:45, 18 April 2015
Risk of sharp reversal remains: global financial overseer Carney
WASHINGTON, April 18 (Reuters) - The world has adjusted well to divergent growth and
monetary policy expectations but the risk of a "sharp and disorderly reversal" in financial
markets remains, Financial Stability Board Chairman Mark Carney ...
Business Recorder | 18 April 2015
ICMAP identifies steps for government to spur investment, nurture corporate culture
The Institute of Cost and Management Accountants of Pakistan (ICMAP) has strongly
demanded that the government should establish an independent regulator/ financial
reporting council (FRC) in the best interest of the country, which would ...
Daily FT | 18 April 2015
'Accountants need to stay relevant, up-to-date': CA Sri Lanka Vice President
Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) Vice President Lasantha
Wickremasinghe recently underscored the importance for accountants to stay relevant and
up to date if they are to maintain their demand and importance.
International Accounting Standards Board | 7:00, 16 April 2015
IASB Chairman presents new mission statement
The Chairman of the International Accounting Standards Board (IASB), Hans Hoogervorst, has
delivered a speech in Toronto, Canada, in which he presented the IFRS Foundation’s and the
IASB’s newly developed mission statement and provided an ...
Press Association National Newswire | 4:18, 16 April 2015
UK Companies Needlessly At Risk of Takeover and Exploitation, According to Brand Finance
and CIMA
Research from Brand Finance with the Chartered Institute of Management Accountants
(CIMA) reveals over $1.58 trillion (£1 trillion) of assets unaccounted for, leaving UK
companies vulnerable to underpriced bids and subsequent exploitation
American Institute of CPAs | 3:28, 16 April 2015
Security Regains Place as Top Technology Priority for CPAs, North American Survey Finds
NEW YORK/TORONTO (April 16, 2015) – Professional accountants in both the United States
and Canada say preventing security threats is their top technology-related priority.
CFA Institute | 1:00, 16 April 2015
Certified Public Accountants to Earn Continuing Education Credits for Claritas Investment
Certificate
CFA Institute, the global association for investment professionals that sets the standard for
professional excellence, has received approval from the National Association of State Boards
of Accountancy (NASBA) to offer The Claritas ...
Accounting Today | 16 April 2015
PCAOB Signs Deal with Hungarian Audit Regulator
The Public Company Accounting Oversight Board has entered into a cooperative arrangement
with the Auditors’ Public Oversight Authority of the Ministry for the National Economy of
Hungary to oversee audit firms subject to both regulators’ ...
International Accounting Standards Board | 7:03, 15 April 2015
IFRS Foundation publishes updated guide to IFRS use around the world
The IFRS Foundation, responsible for the governance and oversight of the International
Accounting Standards Board (IASB), has published the 2015 edition of IFRS as Global
Standards: a Pocket Guide. Written by former IASB member Paul ...
Association of Chartered Certified Accountants (ACCA) | 20:00, 13 April 2015
The future of the CFO
New research conducted by ACCA (the Association of Chartered Certified Accountants) and
IMA (the Institute of Management Accountants) identifies five key influences shaping the
future role of finance leadership and the destiny of the CFO ...
For additional information or questions on this newsfeed, please contact
laurawilker@ifac.org.
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