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Accounting standards

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ICAEW warns against prohibiting the use of fair value

Prohibiting the use of fair value would cause many derivative financial instruments to be taken off the balance sheet

09 May 2012

International Accounting Standards Board

IASB proposes 11 amendments to IFRS

Amendments include changes to the IFRS 13 fair value measurement

04 May 2012

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Don’t delay reporting changes warn firms

E&Y and Grant Thornton warn Accounting Standards Board delays to implementing financial reporting changes could cost businesses

02 May 2012

FRAB announces structural changes

FRAB is making changes relating to its future role, structure and operational arrangements

27 Apr 2012

FRC hedges bets over audit governance

FRC governance proposals will restore faith in reporting process, while audit tendering rules signal a split from EC stance

25 Apr 2012

World is waiting as US dithers over IFRS

Sir David Tweedie warns that US elections could put convergence back ten years

25 Apr 2012

Size does matter according to incoming AADB sanctions

AADB issues sanctions consultation which could see firms having to pay massive fines but will inject proportionality into the system

24 Apr 2012

AADB sanctions will prompt wistful thinking

The Big Four may look back wistfully at the days when a record fine could be represented by the paltry sum of £1.4m

23 Apr 2012

IASB and FASB offer clarification around expected loss attributes

The boards also clarified the so called ‘three bucket' approach, designed to help banks make responsible provisions

23 Apr 2012

Problems with IAS 39 flare up again

Pirc claims that auditors are forcing boards to comply with IFRS rather than the law. Surely auditors would be mad to go against current standards?

12 Apr 2012

Stop using accounting as a scapegoat says FRAC chair

Blaming IFRS for poor judgment is like blaming tape measures for not building flood defences high enough

04 Apr 2012

FRC comes under fire for its motives on disciplinary cases

FRC annual general meeting sees questions raised as to the motives of its pursuance of cases

21 Mar 2012

Arbuthnot chairman bemoans 'parallel universe' of accounting

Henry Angest upset at the impact of accounting rules on the private bank's results

16 Mar 2012

IASB meets European accounting standard setters

IASB chairman Hans Hoogervorst meets European Financial Reporting Advisory Group to discuss progress on key accounting standards including insurance contracts, leases and revenue recognition

14 Mar 2012

IASB aims to tackle company ‘disclosure overload’

Profession must address use of boilerplate explanations in company disclosures

08 Mar 2012

FRC sets out priorities for 2012

Main areas will include the introduction of a revised corporate governance code and new UK accounting framework UK GAAP by 2015

05 Mar 2012

Public sector IFRS: worth the effort?

Little drama from local government's move to IFRS, but was it worth the hard work in the first place?

28 Feb 2012

Keeping Up Appearances - how to spot accounting manipulation

Jeanine Arnold discusses the many forms of accounting manipulation

28 Feb 2012

PCAOB founding member retires

Nearly ten years on since the introduction of Sarbanes Oxley accounting watchdog founding member retires

24 Feb 2012

IFRS in the US could be ‘Chinese water torture’

IASB chairman Hans Hoogervorst is confident US regulators will ‘take a positive decision' to adopt IFRS

24 Feb 2012

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Penny Avis' book Nevermind the Botox Rachel

Video: From corporate finance to author

Rachael Singh interviews self-published author and former Deloitte partner Penny Avis on her novel "Nevermind the Botox Rachel"

Managers must spot signs of staff stress

Learn to identify the symptoms of stress in your team, urges CABA

The Practitioner: Staff sit-down shocker

The Practitioner has plenty to think about after a senior staff member reveals the pair haven't 'chatted' for quite a while...

Time for consulting to re-balance?

Despite robust performance in 2011, the consulting industry must reduce its reliance on financial services clients, says Alan Leaman

businessman steps forward

Tax: Don't go back in the future

Forget retrospection and instead put the GAAR together properly to create certainty for business, says Gary Richards

CIMA and ICAEW accounts: all in the presentation

Fully transparent, or just one for the accountants? asks Kevin Reed

TS recalls Pet's star Healy's close links to HMRC

Tim Healy's recent run-in with the taxman isn't his only dealing with HMRC, TS recalls...

Colin: Cost-cutting a step too far

Finance function takes its toll at BBC offices

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Briefings

Supplier Statement Reconciliations cover

Supplier statement reconciliations: Manual chore or critical value adding process?

By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.

7 Building Blocks cover

7 building blocks for business growth

Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities