International accounting

The International Public Sector Accounting Standards Board issued its updated five-year strategy and work program.

Allowing for regulatory approvals and other hurdles, the two firms hope to become a single firm by the end of 2025.

Ben la Grange, whose official sentence is 10 years, won some leniency for cooperating with investigators.

The resource is designed to help jurisdictions adopt the International Standard on Auditing for Audits of Financial Statements of Less Complex Entities.

A proposal aimed at enhancing auditor responsibility for preparing consolidated financials has led to a clash between two of India's accounting regulators.

The International Accounting Standards Board has begun a public consultation on proposed amendments to IFRS to account for investments in associates and joint ventures.

The International Accounting Standards Board has begun a research project to review the requirements for the statement of cash flows and related matters.

Hong Kong's Accounting and Financial Reporting Council said its review of PwC's local practice, which is separate from China's probe, is still "in progress."

China suspended the operations of PricewaterhouseCoopers LLP for six months and imposed a record penalty over lapses in its auditing of China Evergrande Group.

Unlike the U.S., where the federal government can offer tax breaks, EU taxation rests with member states, leaving the bloc to work largely through loans and grants.