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Financial reporting

hans-hoogervorst-portrait

IASB: Auditors fail to see reports as models of communication

International Accounting Standards Board survey finds much work is needed in regards to financial disclosure in annual reports

28 Jan 2013

Financial Reporting Council

FRC plans 8.5% hike to levy rates

Additional funding will be used to clear backlog of disciplinary cases and promote influence abroad

23 Jan 2013

IASB to amend asset impairment rules

IASB publishes exposure draft of proposed modifications to the disclosures for the measurement of the recoverable amount of impaired assets

21 Jan 2013

Using Big Four improves disclosure quality

Companies using Big Four auditor provide better quality IFRS disclosures, Cass Business School study finds

18 Jan 2013

Accounting regulation “toothless”, say readers

HP's £5.5bn write-down following its acquisition of Autonomy exposes "toothless" accounting regulation, say readers

04 Jan 2013

AC reports should not be dismissed as mere compliance

The audit committee report is a powerful tool for giving stakeholders insight into the culture and integrity at the top of a company. More companies should provide one, writes James Roberts

03 Jan 2013

Safeland lines up new FD as it recoups misappropriated funds

Property developer starts tightening up controls as it looks to recover another £500k of stolen funds

14 Dec 2012

HMV issues going concern warning over covenants risk

Disappointing sales figures sees HMV likely to breach covenants in January

13 Dec 2012

End era of convergence in months, not years – ICAEW

The institute suggests that all listed companies around the world should have the option of applying IFRS

12 Dec 2012

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

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

IIRC releases prototype of integrated reporting framework

IIRC publishes prototype reporting model to integrate non-financial data onto financial statements which will be tested by more than 80 businesses

27 Nov 2012

Tighten reporting to stop mega-writedowns

More stringent reporting rules would curb valuation 'excesses', says Nick Hood

22 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

IFRS adoption will eventually happen, US investors tell ACCA

It will take four and a half years for most US companies to be ready for IFRS, investors tell ACCA

14 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

Profession split over value of convergence project

Half of delegates at E&Y conference think convergence project with the US has failed to be beneficial

05 Nov 2012

Companies failing to disclose gender pay gap

Deloitte survey finds gender pay gap and carbon reporting disclosures lacking

02 Nov 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

ICAEW gives qualified welcome to narrative reporting plans

BIS plans for companies to produce a more concise strategy report

19 Oct 2012

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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

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

Profession reaches end of its tether with PAC

After the Public Accounts Committee's latest hearing - in which it heavily criticised Google's tax affairs - many advisers have had enough

#AAYP 2013: Talent is ageless, but youth unemployment is a problem

The principles of developing future leaders apply whether you've just left school or got years of experience under your belt

To quota or not to quota: that is the problem

Women on board quotas may have a bad rep, but it’s the only way to address inherent bias argues Fiona Hotston Moore

CABA's Wendy Saunders and CEO Kath Haines

Feature: Inside the Chartered Accountants' Benevolent Association

After seeing a 70% rise in demand, Calum Fuller visited the Chartered Accountants Benevolent Association to learn more about its efforts to provide support

Success of FRS 102 needs to be replicated on going concern

The consultation process for FRS 102 was arguably the most wide-ranging the FRC has ever conducted. It should apply the same rigour to going concern

Colin: Colin was here

Colin loves to be the centre of attention, as the Sky News Twitter account can testify

Taking Stock: Life in the slow lane

It was less Wacky Races and more Sunday driving as a team from Reeves helped raise £15,000 for charity as part of a race to Monaco

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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.