Don’t delay reporting changes warn firms
Accounting Standards

Don’t delay reporting changes warn firms

12y Idris Nagri

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 Read More...

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ASB reporting proposals fail to address micro companies
Accounting Standards

ASB reporting proposals fail to address micro companies

12y Richard Crump , Writer

ASB reporting proposals fail to address micro comp...

There is still a lack of certainty over what will happen to the reporting requirements for small companies Read More...

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SME accounting should retain UK GAAP aspects
Accounting Standards

SME accounting should retain UK GAAP aspects

12y Idris Nagri

SME accounting should retain UK GAAP aspects

ASB looks to implement IFRS for SMEs - albeit with some UK standards thrown in Read More...

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ASB proposes reform of income tax reporting
Accounting Standards

ASB proposes reform of income tax reporting

12y Idris Nagri

ASB proposes reform of income tax reporting

The financial reporting of income tax is to be rerormed under FRC plans Read More...

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EU standard setters say ‘no thanks’ to IFRS for SMEs
Accounting Standards

EU standard setters say ‘no thanks’ to IFRS for SMEs

13y Idris Nagri

EU standard setters say ‘no thanks’ to IFRS for SM...

European standard setters disinclined to take on IFRS for SMEs Read More...

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True and fair override 'alive and kicking'
Practice Regulation

True and fair override 'alive and kicking'

13y Idris Nagri

True and fair override 'alive and kicking'

True and fair override is still available in very rare circumstances, Accounting Standards Board insists Read More...

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Setters bring financial instruments standard in line
Accounting Standards

Setters bring financial instruments standard in line

13y Idris Nagri

Setters bring financial instruments standard in li...

The Accounting Standards Board has amended FRS 29 in line with changes made to IFRS 7 in October last year Read More...

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E&Y: Speak now to keep reduced disclosure option
Accounting Standards

E&Y: Speak now to keep reduced disclosure option

13y Idris Nagri

E&Y: Speak now to keep reduced disclosure opti...

E&Y calls on stakeholders to contribute as standard setters re-think financial reporting requirements Read More...

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Financial Power List: half term reports
People Business

Financial Power List: half term reports

13y Idris Nagri

Financial Power List: half term reports

We've dusted down the mortar boards to write the mid-term reports on the class of the Accountancy Age Power List. Who is top and who needs to improve ...

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Charity accountant warns of burdensome new standards
Accounting Standards

Charity accountant warns of burdensome new standards

13y Idris Nagri

Charity accountant warns of burdensome new standar...

Public benefit accounting expert concerned new standards will force charity shops to value unsold donations Read More...

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FRSME respondents give standard setters a headache
Accounting Standards

FRSME respondents give standard setters a headache

13y Idris Nagri

FRSME respondents give standard setters a headache

Housing associations and credit unions were outspoken in the FRSME consultation, but they are pulling in opposite directions Read More...

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Housing associations lead the anti-FRSME invective
Accounting Standards

Housing associations lead the anti-FRSME invective

13y Idris Nagri

Housing associations lead the anti-FRSME invective

Housing Assocation responses show they're worried about the proposed FRSME Read More...

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FRSME response 'double' last consultation
Accounting Standards

FRSME response 'double' last consultation

13y Idris Nagri

FRSME response 'double' last consultation

The FRSME consultation has sparked almost twice as many responses as the ASB's last project Read More...

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Standard setters await EU before launching FRSSE consultation
Accounting Standards

Standard setters await EU before launching FRSSE consultation

13y Idris Nagri

Standard setters await EU before launching FRSSE c...

Look to EU for guidance on financial reporting for micro-entities Read More...

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Allow small listed firms to duck IFRS
Accounting Standards

Allow small listed firms to duck IFRS

13y Kevin Reed , Writer

Allow small listed firms to duck IFRS

QCA wants small listed firms to use 'IFRS-lite' - FRSME - rather than full IFRS Read More...

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Future of Financial Reporting Council up for debate
Regulatory Bodies

Future of Financial Reporting Council up for debate

13y Idris Nagri

Future of Financial Reporting Council up for debat...

The FRC board is to look at communications efficacy among its operating bodies in an internal investigation focusing on the regulator's future Read Mo...

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Future of Financial Reporting Council up for debate
Regulatory Bodies

Future of Financial Reporting Council up for debate

13y Idris Nagri

Future of Financial Reporting Council up for debat...

The FRC board is to look at to the efficacy of communication between its operating bodies, in an internal investigation focusing on the regulator's fu...

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SME accounting standards – more political than technical?
Accounting Standards

SME accounting standards – more political than technical?

13y Idris Nagri

SME accounting standards – more political than tec...

The decision on global standards for SMEs is more political than technical, as many SMEs will never dip their toe in international waters Read More...

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SME accounting standards – more political than technical?
Accounting Standards

SME accounting standards – more political than technical?

13y Idris Nagri

SME accounting standards – more political than tec...

The decision on global standards for SMEs is more political than technical, as many SMEs will never dip their toe in international waters Read More...

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Standard setters 'already addressing landlords' concerns'
Accounting Standards

Standard setters 'already addressing landlords' concerns'

13y Idris Nagri

Standard setters 'already addressing landlords' co...

Standard setters are already looking at the concerns of social landlords facing the switch to IFRS, according to ASB chairman Roger Marshall Read More...

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Standards board lambasts report clutter
Accounting Standards

Standards board lambasts report clutter

13y Idris Nagri

Standards board lambasts report clutter

A new report on cutting clutter focuses on removing irrelevant details from annual reports, and the Accounting Standards Board is calling for comments...

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ASB's accounting proposals risk multi-tiered confusion
Accounting Standards

ASB's accounting proposals risk multi-tiered confusion

13y Idris Nagri

ASB's accounting proposals risk multi-tiered confu...

Replacing UK GAAP with an IFRS equivalent could lead to confusion rather than standardisation Read More...

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Steadying the ship
People Business

Steadying the ship

13y Paul Grant

Steadying the ship

As CFO of Xchanging, ASB member Ken Lever has his work cut out to restore confidence in the trouble-hit company Read More...

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Charity accounting risks bank covenant breach
Accounting Standards

Charity accounting risks bank covenant breach

13y Kevin Reed , Writer

Charity accounting risks bank covenant breach

New standards for charities and universities could cause banking covenant breaches, warns PwC Read More...

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Xchanging FD Ken Lever defends company against ‘aggressive’ accounting claims
Accounting Standards

Xchanging FD Ken Lever defends company against ‘aggressive’ accounting clai...

13y Idris Nagri

Xchanging FD Ken Lever defends company against ‘ag...

Xchanging FD and ASB member Ken Lever says accusations of aggressive accounting are ‘unfair’ as company misses targets Read More...

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Activist investor to face Lords audit enquiry
Audit

Activist investor to face Lords audit enquiry

14y Idris Nagri

Activist investor to face Lords audit enquiry

“The banking crisis is largely due to faulty numbers,” claims Tim Bush Read More...

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Video: IFRS only a benefit to largest companies
Accounting Standards

Video: IFRS only a benefit to largest companies

14y Idris Nagri

Video: IFRS only a benefit to largest companies

Small companies struggling with IFRs burden see little return for their efforts Read More...

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