Internet media company Blinkx has announced a change of auditor, ending a seven-year relationship with Deloitte as it appoints PwC as its external auditors

The International Accounting Standards Board (IASB) is consulting on proposed amendments to IAS 1, Presentation of Financial Statements, with the aim of clarifying how entities classify debt, particularly when it is coming up for renewal.

The US Securities and Exchange Commission (SEC) is to fine the four China-based affiliates of the Big Four accounting networks following a long-running investigation into potential fraud, which will see each firm pay $500,000 (£322,000) and make commitments about releasing client papers in future  

There has been a deterioration in the quality and accuracy of accounts produced by a number of public bodies in Wales, according to analysis from the Wales Audit Office (WAO) which says organisations also need to appraise the use of reserves more critically

After a six-year period of development, the International Auditing and Assurance Standards Board (IAASB) has released its new and revised auditor reporting standards which are designed to increase transparency and which it describes as a ‘step change’ in audit communications

Supermarket giant Sainsbury's has become the latest FTSE 100 company to reveal a change of auditor in the wake of recent regulatory changes on auditor rotation, ending a 20-year relationship with PwC with the appointment of EY.

The National Audit Office has published the final draft Code of Audit Practice for the audit of local public bodies which is due to go before parliament for debate and approval this side of the election

The comment deadline for the BIS consultation on reforms to the regulatory framework for statutory audit has been extended from 19 February to 19 March 2015, offering a one-month extension  for response, which includes the opportunity to come a stronger powers for the Financial Reporting Council (FRC)

The Financial Reporting Council (FRC) is to hear a formal complaint against Deloitte, one of its audit partners and the former finance director of Aero Inventory over allegations of failure to act in accordance with the ICAEW’s code of ethics