Financial reporting

michel-barnier

EU agrees country-by-country reporting for extractive industries

European companies required to disclose full information on payments of more than €100,000 (£85,000) to governments in resource rich countries

11 Apr 2013

asaf

ASAF discusses conceptual framework at inaugural meeting

IASB and members of the ASAF discuss conceptual framework and impairment projects at inaugural meeting

10 Apr 2013

clearing and settlement

Don't wait for a scandal to rein in internal controls

Although it is widely agreed that spreadsheets incur errors, accountants shouldn’t wait until a scandal hits and regulators step in before they take precautions writes Therese Tucker

05 Apr 2013

CIMA, IFAC & PwC combine forces to look at business model reporting

Institutes and firms have combined to look at business model reporting and how they can be integrated into financial reports, on behalf of the International Integrated Reporting Council

05 Apr 2013

Complaints pile up over changes to accounting regulations

Institutes flag up a multitude of concerns over the government's proposed changes to micro-entity financial reporting

03 Apr 2013

FRC and FASB among 12 members of IASB advisory forum

US and UK national standard setters among inaugural members of IASB's Accounting Standards Advisory Forum

20 Mar 2013

Auditors should reveal more about potential risk, say readers

Audit reports should provide greater detail, Accountancy Age readers say in a poll

22 Feb 2013

HSBC chief accountant critical of quality of risk reporting

Quality of the risk analysis that companies publish is "weak" according to HSBC's group chief accounting officer

14 Feb 2013

Colin: Give me a sign

Colin ponders what any changes to auditors' risk assessment might entail

08 Feb 2013

EU standard setters wade into IFRS debate

The FRC joins with fellow European national standard setters to influence IASB's work on conceptual framework that underpins IFRS

08 Feb 2013

Scope of auditors' report to be extended to include risk

FRC proposes step change from the traditional binary pass/fail model of audit reporting

05 Feb 2013

Auditors' going concern judgment to extend beyond 12 months

Companies' ongoing financial health must be judged over a longer period of time, according to draft proposals put forward by the FRC

31 Jan 2013

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

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

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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

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.

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.