IASB rate-regulation rules unfair to the UK, says FRC
Accounting Standards

IASB rate-regulation rules unfair to the UK, says FRC

11y Richard Crump , Writer

IASB rate-regulation rules unfair to the UK, says ...

FRC suggests interim standard for rate-regulated entities "disadvantageous" to countries that already use IFRS Read More...

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EU tells IASB and Efrag to toughen up governance regimes
Accounting Standards

EU tells IASB and Efrag to toughen up governance regimes

11y Idris Nagri

EU tells IASB and Efrag to toughen up governance r...

Europe calls for IASB funding arrangements to be reliant on the IASB updating its own governance Read More...

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FRC and BIS defend legality of global accounting standards
Accounting Software

FRC and BIS defend legality of global accounting standards

11y Richard Crump , Writer

FRC and BIS defend legality of global accounting s...

FRC and BIS rubbish claims that IFRS conflicts with UK company law as "misguided" Read More...

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Analysis: On balance sheet lease accounting looms large
Accounting Standards

Analysis: On balance sheet lease accounting looms large

11y Stephen Bouvier

Analysis: On balance sheet lease accounting looms ...

The days of off balance sheet accounting for leases appear likely to end, despite concerns about more reporting complexity Read More...

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Insurance rules will create accounting mismatches, FRC warns
Accounting Standards

Insurance rules will create accounting mismatches, FRC warns

11y Richard Crump , Writer

Insurance rules will create accounting mismatches,...

The FRC warns of flaws in proposed changes to the way insurance contracts are accounted for under IFRS Read More...

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Companies may rearrange leases to keep off balance-sheet
Accounting Standards

Companies may rearrange leases to keep off balance-sheet

11y Richard Crump , Writer

Companies may rearrange leases to keep off balance...

Lease accounting rules may result in companies changing the way deals are structured, rating agency Fitch warns Read More...

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MEPs cast doubt on compatibility of IFRS with EU law
Accounting Standards

MEPs cast doubt on compatibility of IFRS with EU law

11y Richard Crump , Writer

MEPs cast doubt on compatibility of IFRS with EU l...

A group of five MEPs call for a review of IFRS' compatibility with European company law Read More...

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IASB makes progress on conceptual framework
Regulatory Bodies

IASB makes progress on conceptual framework

11y Richard Crump , Writer

IASB makes progress on conceptual framework

Global standard setter puts draft of the conceptual framework revisions out for discussion Read More...

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IASB chair calls for behavioural change in disclosures
Accounting Standards

IASB chair calls for behavioural change in disclosures

11y Richard Crump , Writer

IASB chair calls for behavioural change in disclos...

Hans Hoogervorst outlines a series of "simple" measures that will improve disclosures in financial reporting Read More...

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Bringing international financial reporting up to standard
Accounting Standards

Bringing international financial reporting up to standard

11y Syed Kamall

Bringing international financial reporting up to s...

The international standards used to draw up accounts for judging a company's financial health are not up to the job, writes Syed Kamal Read More...

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IASB insurance contract rules “a new world” for insurance
Accounting Standards

IASB insurance contract rules “a new world” for insurance

11y Mark Sands

IASB insurance contract rules “a new world” for in...

New rules on the accounting of insurance contracts represent fundamental change according to profession Read More...

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IASB issues narrow-scope amendments to IAS 36
Accounting Standards

IASB issues narrow-scope amendments to IAS 36

11y Richard Crump , Writer

IASB issues narrow-scope amendments to IAS 36

IASB publishes narrow-scope amendments to IAS 36 to address the disclosure of information about recoverable amount of impaired assets Read More...

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IFRS Foundation cuts provision for HMRC tax inquiry
Regulatory Bodies

IFRS Foundation cuts provision for HMRC tax inquiry

11y Richard Crump , Writer

IFRS Foundation cuts provision for HMRC tax inquir...

IFRS Foundation able to cut provision for HMRC tax investigation by £290,000 Read More...

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Accounting rules could lead to artificial lease structures
Accounting Standards

Accounting rules could lead to artificial lease structures

11y Richard Crump , Writer

Accounting rules could lead to artificial lease st...

Overhaul of lease accounting rules still complex and could lead to restructuring of lease agreements Read More...

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IASB and FASB propose dual approach to lease accounting
Accounting Standards

IASB and FASB propose dual approach to lease accounting

11y Richard Crump , Writer

IASB and FASB propose dual approach to lease accou...

IASB and FASB put forward a dual approach to accounting for leases on company balance sheets Read More...

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IASB senior manager rejoins Duff & Phelps
Accounting Firms

IASB senior manager rejoins Duff & Phelps

11y Idris Nagri

IASB senior manager rejoins Duff & Phelps

Duff & Phelps welcomes back Hilary Eastman who left the firm seven years ago to work with the IASB and has now returned Read More...

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ASAF discusses conceptual framework at inaugural meeting
Accounting Standards

ASAF discusses conceptual framework at inaugural meeting

11y Richard Crump , Writer

ASAF discusses conceptual framework at inaugural m...

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

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IFRS Foundation expands Middle Eastern influence
People In Practice

IFRS Foundation expands Middle Eastern influence

11y Richard Crump , Writer

IFRS Foundation expands Middle Eastern influence

IFRS Foundation appoints Abdulrahman Al-Humaid as a trustee with immediate effect Read More...

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FRC and FASB among 12 members of IASB advisory forum
Accounting Standards

FRC and FASB among 12 members of IASB advisory forum

11y Richard Crump , Writer

FRC and FASB among 12 members of IASB advisory for...

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

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IASB changes overshadowed by break-away from FASB
Corporate Finance

IASB changes overshadowed by break-away from FASB

11y Idris Nagri

IASB changes overshadowed by break-away from FASB

A further layer of complexity is to be added to accounting regulations to help allay concerns on a future financial crisis - but it highlights separat...

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Xerox chief accountant appointed to the IASB
People Business

Xerox chief accountant appointed to the IASB

11y Richard Crump , Writer

Xerox chief accountant appointed to the IASB

Xerox chief accounting officer Gary Kabureck joins IASB for an initial term ending 30 June 2017 Read More...

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EU standard setters wade into IFRS debate
Accounting Standards

EU standard setters wade into IFRS debate

11y Richard Crump , Writer

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 Read More...

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A bank carve-out would be thin end of reporting wedge
Accounting Standards

A bank carve-out would be thin end of reporting wedge

11y Richard Crump , Writer

A bank carve-out would be thin end of reporting we...

Carving out separate IFRS for banks will not prevent systemic shocks Read More...

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IASB: Auditors fail to see reports as models of communication
Accounting Standards

IASB: Auditors fail to see reports as models of communication

11y Idris Nagri

IASB: Auditors fail to see reports as models of co...

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

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Separate rules for banks a "mistake", Lawson told
Accounting Standards

Separate rules for banks a "mistake", Lawson told

11y Richard Crump , Writer

Separate rules for banks a "mistake", Lawson told

Big Four tell Lord Lawson imposing a different accounting regime for banks would be a mistake Read More...

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IASB to amend asset impairment rules
Accounting Standards

IASB to amend asset impairment rules

11y Richard Crump , Writer

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 Read More...

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Banks’ accounts should be vetted by State auditor, MPs told
Accounting Standards

Banks’ accounts should be vetted by State auditor, MPs told

11y Richard Crump , Writer

Banks’ accounts should be vetted by State auditor,...

Parliamentary committee told state auditor should audit banks’ accounts and IASB rules on bank reporting should be overridden Read More...

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