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Regulatory bodies

reporting-disclores

Divisions over shape of new UK GAAP

FRC framework for reduced disclosures welcomed, but opinion split over shape of new UK GAAP

30 Nov 2012

Hans Hoogervorst IASB chairman

IASB proposes limited changes to IFRS 9 classification and measurement requirements

New category of financial assets could increase volatility for some financial institutions

29 Nov 2012

Financial Reporting Council

Accountancy regulation “toothless”, say Citi analysts

Analysts at Citi, an advisor to Autonomy on the HP takeover, criticise the way financial reporting is policed by the FRRP

27 Nov 2012

IFRS Foundation opens regional office in Asia/Oceania

Parent body of the IASB opens first international office outside of London; Mary Tokar appointed to IASB

16 Nov 2012

E&Y faces formal complaint over Farepak audit

FRC files disciplinary formal complaint against E&Y into its conduct as auditors to European Home Retail and its subsidiaries, including Farepak

15 Nov 2012

Membership the crux of new IASB advisory forum

IASB’s collective approach to standard setting welcomed, but membership of new advisory body will prove a thorny issue

15 Nov 2012

Standard setters vie for seat at IASB's top table

With limited space, national standard setters could be left scrapping for a seat on the new IASB’s advisory forum. The fight to influence proceedings begins now

15 Nov 2012

FRC amends actuarial standards to include pension incentive exercises

FRC changes scope to address concerns that members of defined benefit schemes may be misled by financial incentives

15 Nov 2012

IASB hosts public forum to discuss disclosure overload

Public disclosure forum will be held in London next January to improve the quality of financial reporting disclosures

13 Nov 2012

FRC wraps up Equitable Life investigation

FRC finds no realistic prospect that a tribunal would make an adverse finding against ICAS member

13 Nov 2012

Hoogervorst predicts “uphill battle” on lease accounting

IASB chairman critical of lobbying against plans to account for lease expenses on the balance sheet

07 Nov 2012

IASB overseer set aside £460,000 for HMRC tax probe

IFRS Foundation makes £460,000 provision for HMRC probe over compliance with employment tax obligations

07 Nov 2012

New loan loss rules expected early next year

IASB to publish rules on the way banks provision for loan losses in the new year

05 Nov 2012

IASB plans new advisory body

IASB plans to create a new 12-member advisory group of national standards setters and regional bodies.

02 Nov 2012

McLaren in codes and standards driving seat

The head of the FRC’s Codes and Standards Committee talks about the watchdog’s new structure and its strategic objectives

24 Oct 2012

Hoogervorst gets tough over IASB framework deadline

IASB chief bemoans dysfunctional processes and decision-making that hinders its ability to deliver projects to deadline

21 Oct 2012

Competition Commission delays audit inquiry findings

UK watchdog pushes back provisional findings of audit investigation to January

17 Oct 2012

FRC consults on improving financial reporting

Disclosures that do not meet the objective of financial reporting should be excluded from the financial report, FRC says

16 Oct 2012

Big Four alumni's influence could restrict competition

Competition could be restricted by the backgrounds of those involved in the appointment of auditors, regulator finds

08 Oct 2012

FRC practices what it preaches

FRC avoids charge of “do as I say, not as I do”, by changing its auditor

05 Oct 2012

Page 3 of 11

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Leader: Will younger generation push for a UK institute?

Will British institutes learn from a New Zealand/Australia merger - or have the Trans/Tasmans already learned from them?

Jo Swinson: More needed but insolvency reform step in the right direction

Consumer affairs minister Jo Swinson writes for Accountancy Age on the incoming reforms to insolvency practitioners’ regulation.

FRC is sounding like a modern day Cassandra

Concerns raised in the FRC's latest round of audit inspections sound strikingly familar. Why has the profession failed to address them?

curtain

Don't COP out of guiding clients through tax mire

Anita Brook of Accounts Assist gives a hands-on guide to Code of Practice 9

Taking Stock: Accountancy and the sheriff of Cumbria

TS loves it when two worlds collide

Colin: Hey diddle (tax) diddle

Colin offers his assessment of the pressure on 'tax havens'

Colin: Don't panic! (about avoidance)

Colin succinctly rounds up the latest court ruling on tax avoidance and advisers' responsiblities

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Briefings

budget-management

Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

cchcover

iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.