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Global Digest April 2014

News from Member Bodies 1. What Happens When Benchmarks are Undermined? 2. Nigerian President Praises ICAN, Accountancy 3. CPA Australia: Are Your Ethics Taking a Wrong Turn? 4. HKICPA Releases New Governance Guide 5. Two Initiatives to Support Forensic Accounting Launched 6. MIA Issues Practice Review Report, Seeks Improved Audit Quality 7. ICAI Suggests New Timing for Convergence of Standards 8. Recent Member Body Appointments and Elections 9. Joint Initiatives Launched Among Professional Accountancy Organizations News from Government, Regulatory, and Other International Organizations 1. Audit Reform Approved by EU Parliament 2. Two OECD Reports Show Beginning Impacts of Public Finance Reform 3. South Africa Endorses Integrated Reporting Framework 4. Upcoming Event to Address Expected Changes, Impact to Auditor Reporting Model 5. Basel Issues Revised Global Guidelines for Bank Audits 6. New Video from Singapore: Paths to an Accountancy Career 7. Professor Calls for Standardization in Islamic Finance Qualifications 8. Few US SMEs Employ Accountants 9. Brazil’s Economic Strategy Undergoing Change

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