International accounting

Leaders of accounting organizations across the globe are calling on the profession to put sustainability and the fight against climate change at the forefront of their work.

The International Integrated Reporting Council is asking for feedback on its set of integrated reporting principles, the International Framework, encompassing financial and nonfinancial areas such as sustainability, strategy and governance.

Leaders of the Securities and Exchange Commission and the Public Company Accounting Oversight Board issued a joint statement Wednesday about the impact of the coronavirus on audit firms trying to operate in China.

The Financial Reporting Council issued guidance Tuesday about the disclosure of risks surrounding the coronavirus, and is discussing with audit firms whether the virus will affect their ability to review audits in China.

Argentina may be in deep financial trouble, but its central bank is comfortably back in the black — thanks to a small accounting maneuver.

The Accounting and Review Services Committee has issued a new standard as part of an effort to align its standards with both international standards and generally accepted auditing standards.

The American Institute of CPAs and the National Association of State Boards of Accountancy have inked a mutual recognition agreement with the South African Institute of Chartered Accountants.

The International Ethics Standards Board for Accountants released an exposure draft Thursday proposing changes to the International Code of Ethics for Professional Accountants to provide additional guidance to audit engagement quality reviewers about their professional objectivity.

Denmark’s business watchdog said it has brought two auditors before a disciplinary board after concluding they violated regulations while reviewing Danske Bank A/S, the lender caught up in Europe’s biggest money laundering scandal.

The International Accounting Standards Board is considering an update to IFRS for SMEs, its stripped down version of International Financial Reporting Standards for small and midsize entities, the second major update to the standards since it was introduced in 2009.

Crowe Global, the eighth largest network of audit, tax and advisory firms, reported global revenues of $4.4 billion in 2019, an increase of 3.5 percent (not counting the impact of foreign currency exchange), the network’s eighth year of consecutive growth.

The international accounting firm network reported revenues of $1.98 billion in its 2018-2019 fiscal year.

The International Ethics Standards Board for Accountants has released two exposure drafts for proposed ethical standards aimed at strengthening the non-assurance services and fee-related independence provisions of the International Code of Ethics for Professional Accountants.

Wulf Matthias of Wirecard AG resigned after months of controversy over the digital payments company’s accounting practices.

The International Ethics Standards Board for Accountants has released a set of revisions to the International Code of Ethics for Professional Accountants, making some changes in the independence standards for assurance engagements, other than audit and review engagements.

The International Accounting and Assurance Standards Board has released a revised standard for identifying and assessing the risks of material misstatements.

The Public Interest Committee, which oversees the standard-setting activities of the International Public Sector Accounting Standards Board, has initiated a public survey on the governance arrangements at the IPSASB to gauge perceptions of the standard-setting group’s oversight.

The Big Four firm is seeing growth across geographic regions and service areas.

Candidates for the council of the local CPA institute are being judged on their positions in city-wide political debates.

The firm saw year-over-year growth of 10.1 percent, up from 8.3 percent growth in 2018.