Mandatory firm rotation: Not the answer
The perception of over-familiarity between the auditor and management needs addressing – but this isn’t the right way to do it.
View ArticleWorld Watch: IAASB: Audit quality isn’t just down to auditors
Consultation paper supports broad involvement of stakeholders – to achieve audit quality – not only auditors.
View ArticleWorld Watch: Auditor's report of the future starts to take shape
The focus of the debate on the future of auditor reporting is now on the nature and extent of changes – and whether auditors’ reports will look similar in different parts of the world or if different...
View ArticleIs your business model safe without integrated reporting? Interview with...
Charles Nichols, group controller at Unilever, tells Jessica Fries why integrated reporting is critical for companies and investors to be able to take a longer-term view of their business model and...
View ArticleWorld Watch: HSBC: action on the IR framework
Russell Picot, chief accounting officer at HSBC, tells Jessica Fries why they’re one of the first to join the IIRC’s pilot programme to test integrated reporting.
View ArticleIAASB/PCAOB: Standard setters propose bold new models for auditor’s reports
The US audit watchdog has proposed wider disclosure in the auditor’s report, hot on the heels of a proposed international standard suggesting the same. The PCAOB and the IAASB have followed earlier...
View ArticleIFRS: The new Conceptual Framework – important, inconsequential and very long
The IFRS Board’s conceptual framework gives people the opportunity to shape the future of financial reporting ─ but other powerful voices are already decrying its objectives.
View ArticleCompetition Commission proposals ─ broadly positive but concerns remain
PwC looks at the debate over changes to the provision of statutory audit services to large companies remains at a critical stage, with the UK’s Competition Commission (CC) releasing its provisional...
View ArticleWorld Watch: FRC guidance influenced by Integrated Reporting framework
FRC guidance on the Strategic Report reflects principles of Integrated Reporting.
View ArticleCommission’s ten-yearly tendering is a “sensible outcome”
The UK’s Competition Commission has released its final proposals for regulating the audit market – including ten-yearly tendering
View ArticleLeases exposure draft – a mixed reception
This PwC edition of World Watch discusses the IASB’s just released exposure draft on leases.
View ArticleIFRS: Standards are legal, says BIS
This PwC World Watch edition examines the implications of the British government’s confirmation that IFRS is legal in the UK.
View Article"Brave and open-minded": Innovating to meet demand
PwC’s Malcolm Preston and Mark O’Sullivan talk about their hopes for two new innovative approaches to business information.
View ArticleWorld Watch: Mining investors call for more consistent performance data in...
The annual report remains the bedrock of corporate financial reporting for mining investors and analysts. But there is a significant gap between the perceived importance of data in company reporting...
View ArticleIFRS: EU set to put conditions on IASB funding
The EU has suggested it might tighten IASB funding conditions. This article explores the reasons and reactions.
View ArticleThe Maystadt report: “Nostalgia isn’t what it used to be”: Europe...
Europe seeks to strengthen its position with the IASB – Philippe Maystadt’s review suggests internal change
View ArticleIndia: The changing face of governance
The new Companies Act in India promises sweeping changes to corporate governance – this article summarises the main differences.
View ArticleIFRS hedge accounting: Long-awaited standard looks to common sense
The IASB has finalised its hedge accounting standard – this time, it’s all about common sense. Find out more.
View ArticleEuropean Union: Europe divided over gender quotas
Germany wants 30% of supervisory boards to be women. The EU wants 40%. Both may be mandated but some disagree.
View ArticleIAASB auditor reporting“The most fundamental changes in decades”
The comment period for the IAASB ED on auditor reporting is over. Diana Hiller talks about PwC’s response
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