U.K.Audit Regulator Change

The U.K. government named a new chief executive for the Financial Reporting Council a move that comes as the audit and accounting watchdog prepares for a wide-ranging overhaul amid concerns about its effectiveness, CFO Journal’s Nina Trentmann reports. Jonathan Thompson, the CEO of HMRC, the U.K.’s tax office, will leave his current job to take the FRC role at a time of substantial change for the regulator. The FRC will become part of a new statutory body called the Audit, Reporting and Governance Authority, a new watchdog that will be tasked with setting and enforcing standards for corporate reporting, audit and governance. https://cfo.cmail19.com/t/d-l-pullldy-yhihojiw-m/

Company execs highlight the top risks.

http://www.journalofaccountancy.com/news/2015/feb/top-risks-for-2015-201511788.html

Audit fees in 2013

http://www.journalofaccountancy.com/News/201411070.htm According to a recent survey, regulation and inflation have driven up audit fees in 2013.

Regulations extending the CPA's day

As per this article, the regs come from a variety of avenues that require compliance  http://www.journalofaccountancy.com/News/20138124.htm

Is PCAOB applying sufficiently rigorous economic analysis

A U.S. House panel is probing whether the country's primary audit watchdog is doing enough to weigh the economic impact as it considers new regulations for the nation's auditors.  http://www.reuters.com/article/2013/01/14/us-pcaob-congress-idUSBRE90D14I20130114

PCAOB pushes back agenda to accomodate

a cost benefit study to comply with JOBS (Jumpstart Our Business Startups Act) that has provisions related to regulations that can impact emerging companies.   An interesting piece here about how new regulations are to be scrutinized in advance for their potential impact.    http://www.complianceweek.com/pcaob-backs-up-agenda-for-cost-benefit-studies/article/269010/

Penalties for noncompliance with regs

by 1/3 of midsized companies.  http://accounting.smartpros.com/standard/IMA/IMA_0812p.html

Accounting and auditing regulations

This cartoon says it all  http://tedgoff.tumblr.com/post/30937501208/would-you-mind-if-we-keep-one-hundred-crates-in