Regulatory bodies

Hans Hoogervorst IASB chairman

FASB must step up to retain standard-setting influence

FASB offered seat on global forum of setters, but warned of waning influence over international accounting rules

05 Dec 2012

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

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

Page 7 of 15

2shotguests

How software as a service can meet the strategic needs of a growing business

Organisations are now looking for a software service that is cost effective, flexible, streamlined and able to meet the needs of the business both today and in the future

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Bank raiding powers could put HMRC at top of insolvency pecking order

Will HMRC’s new bank raiding powers see insolvency practitioners pursuing it for funds taken illegally in the event of bankruptcy?

The Practitioner: The promise of the pension pot

The combination of pensions drawdown and enterprise investment tax planning makes the Practitioner's mouth water - but can the firm get its pensioners lined up in a row?

Leader: Charity begins at home

With so many accountants require support and counselling, an already charitable profession must consider where its efforts go

linkedin-screenshot-1-web

Social networking: How does the Top 50 stack up?

Firms are failing to realise the business benefits of social media sites such as utilising LinkedIn

Colin: There's nothing like a well-thought-out plan

Colin wonders whether some SMEs are keeping it too simple

Taking Stock: When tax is stranger than fiction

Sometimes you just can't make it up, TS finds

Scrapping IR35 all very well – but what else?

IR35 has proven ineffective, but 'what are the alternatives?' asks Calum Fuller

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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.

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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.