Accounting Standards
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Aug- 2019 -8 August
FRC opens consultation on SECR Taxonomy
The FRC has today opened a consultation on the draft Streamlined Energy and Carbon Reporting (SECR) Taxonomy. The draft is…
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1 August
FRC fines KPMG £3.5m for Client Assets Reports of BNY Mellon entities
The Financial Reporting Council (FRC) has fined KPMG £3.5m in relation to Client Assets Reports in respect of The Bank…
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Jul- 2019 -4 July
Deloitte fined £4.2m for Serco audit failings
The Financial Reporting Council (FRC) has fined Deloitte £4.2m in relation to the audit of the financial statements of Serco…
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1 July
IASB consults on amendments to aid implementation of IFRS 17
The International Accounting Standards (IASB) board has proposed amendments to the insurance contracts Standard, IFRS 17, for public consultation. The…
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Jun- 2019 -18 June
KPMG US fined $50m for altering audits
The Securities and Exchange Commission (SEC) has charged KPMG with altering past audit work after it received stolen information about…
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17 June
Charity chief executive ‘acted in self interest’ regulator finds
A Charity Commission inquiry into the Busoga Association has found “serious mismanagement and/or misconduct” by the trustees and CEO of…
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10 June
Charity accounting must change to meet ‘new public expectations’
A panel set up to review the future development of charity reporting and accounting has published its final report making…
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May- 2019 -23 May
IASB proposes annual improvements to IFRS Standards
The International Accounting Standards Board (IASB) has published proposed narrow-scope amendments to four IFRS Standards as part of its maintenance…
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9 May
FRC fines MSR Partners over Laura Ashley audit
The Financial Reporting Council (FRC) has fined MSR Partners over its statutory audit of Laura Ashley. MSR Partners LLP (formerly…
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Apr- 2019 -18 April
Women make up only a quarter of accountancy executive boards
Women make up just a quarter of the executive boards at accountancy firms, according to research from employee engagement experts…
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