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FRC fines BDO over failings in NMCN audit
1+ day, 5+ hour ago (405+ words) The regulator noted that the main failings related to BDO's audit of NMCN's long-term contracts. The UK's Financial Reporting Council (FRC) has sanctioned BDO for "significant and serious" failures in the 2019 audit of collapsed construction company NMCN. The regulator also…...
Indian small companies see strongest growth since Covid-19: CPA Australia survey
1+ day, 5+ hour ago (268+ words) CPA Australia's figures indicate that 80% of Indian small enterprises expanded in 2025, compared with a 63% Asia-Pacific average. Indian small enterprises posted their "strongest performance" in 2025 since the onset of Covid19, according to CPA Australia's Asia Pacific Small Business Survey 2025/26. The survey, which…...
PCAOB to modernise audit inspections with new advisory council
1+ day, 10+ hour ago (262+ words) The organisation plans to refresh its inspections programme to keep it "relevant and resilient" by drawing on input from external experts. The Public Company Accounting Oversight Board (PCAOB) in the US has set up a new advisory group, the Inspections…...
Accountants drive sustainability work inside companies, finds ACCA survey
3+ day, 5+ hour ago (393+ words) Accountants are taking a leading role in driving sustainability inside organisations, according to Association of Chartered Certified Accountants (ACCA)s latest Global Talent Trends Survey. More than one in three accountants said their role now includes helping their employer address…...
ICAS backs FCA's UK SRS plan but warns on proposed reliefs
4+ day, 8+ hour ago (415+ words) The organisation also raised concerns that some proposed reliefs could weaken reporting. The Institute of Chartered Accountants of Scotland (ICAS) said that it welcomes the Financial Conduct Authority's (FCA) plans to reshape listed company sustainability reporting around the UK Sustainability…...
Chinese firms step up global expansion despite economic risks: report
4+ day, 5+ hour ago (382+ words) The report flags compliance, risk management, organisation and talent as key problem areas. Chinese firms are moving into a more mature stage of internationalisation, according to a new report released by CPA Australia, the Shanghai National Accounting Institute (SNAI) and…...
AICPA names Jan Lewis as new chair
1+ week, 1+ day ago (303+ words) The American Institute of Certified Public Accountants (AICPA) has appointed Jan Lewis as its new chair for a one-year term. She will simultaneously chair the Association of International Certified Professional Accountants, the joint body of the AICPA and the Chartered…...
EU appoints Tina Humar as chair of code of conduct for business taxation
1+ week, 1+ day ago (287+ words) Humar has been appointed for a period of two years. The EU's code of conduct group on business taxation has appointed Tina Humar of Slovenia as its new chair. Her two-year mandate began on 21 May 2026. Humar is currently director-general in…...
Chartered Accountants Ireland calls for AI-ready infrastructure
1+ week, 2+ day ago (308+ words) The institute is seeking investment in such infrastructure to help SMEs adopt AI technology. Chartered Accountants Ireland has released a position paper on the future of AI and accountancy. The institute, which has 40, 000 members, called on the government for investment…...
FRC report calls for improvements in structured digital reporting
1+ week, 2+ day ago (283+ words) The review highlighted recurring issues that still limit the usefulness of structured data. The UK's Financial Reporting Council (FRC) has issued a fresh review of structured digital reporting by UK listed companies, highlighting areas where "simple improvements" can improve the…...