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CMA recommends major overhaul of U.K. audit market
The U.K. Competition and Markets Authority (CMA) has recommended reform of the audit market aimed at increasing quality and competition and breaking the stranglehold of the Big Four accounting firms.
Audit committees advised: be cautious if PCAOB calls
The PCAOB wants to engage more directly with audit committees, but they may get a cool response from some audit committee members wary of the risks.
Accounting class action filing still high, report says
Accounting class action filings in 2018 remained “uncharacteristically high,” according to the latest analysis by Cornerstone Research.
Executing a culture of integrity initiative
Building a culture of integrity is more than just putting on a compliance week fair; join this Conversation at the annual CW conference in May to learn how to implement a culture of integrity.
- Partner Content | Financial Services
Preparing for new credit loss rules
Banks and other financial institutions have a lot of work ahead of them as they prepare to adopt the new standard on reflecting credit losses in financial instruments (the so-called CECL standard).
FCA publishes its Business Plan for 2019/20
The U.K. Financial Conduct Authority on 17 April published its Business Plan for 2019/20, outlining its key priorities for the coming year.
UniCredit Group Banks to pay $1.3B for sanctions violations
UniCredit Group Banks will pay total financial penalties of approximately $1.3 billion for processing hundreds of millions of dollars of transactions through the U.S. financial system on behalf of an entity designated as a weapons of mass destruction proliferator and other Iranian entities subject to U.S. economic sanctions, the Department of Justice announced.
Survey: Companies just starting to prepare for CCPA
A new study from Compliance Week and TrustArc says companies are not yet prepared for the coming California Consumer Privacy Act, the Golden State’s version of the EU's GDPR.
AICPA revenue recognition guide hits audit, sector issues
Still looking for some help on revenue recognition? The AICPA has published an Audit and Accounting Guide meant to work through industry-specific issues.