Izza urges end to arguments over legality of IFRS
Accounting Standards

Izza urges end to arguments over legality of IFRS

11y Richard Crump , Writer

Izza urges end to arguments over legality of IFRS

Time to focus on resolving the many outstanding issues in financial reporting, says ICAEW chief executive 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 Accountancy Age

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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IFRS “legally flawed”, say readers
Accounting Standards

IFRS “legally flawed”, say readers

11y Calum Fuller , Reporter

IFRS “legally flawed”, say readers

Readers vote overwhelmingly in agreement with legal opinion suggesting IFRS is not compatible with company law Read More...

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IFRS for consolidated accounts could raise issues for shipping
Accounting Standards

IFRS for consolidated accounts could raise issues for shipping

11y Richard Crump , Writer

IFRS for consolidated accounts could raise issues ...

IFRS 10 could raise questions over a shipping company's subsidiary status 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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Auditor general disagrees with MoD accounting
Accounting Standards

Auditor general disagrees with MoD accounting

11y Rachael Singh

Auditor general disagrees with MoD accounting

Comptroller and auditor general qualifies accounts for fourth year after disagreements on impairment and lease charges Read More...

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Banks should introduce extra accounts for regulators
Audit

Banks should introduce extra accounts for regulators

11y Calum Fuller , Reporter

Banks should introduce extra accounts for regulato...

Bank ought to produce an additional set of accounts for regulators, according to Accountancy Age readers 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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Investors call for IFRS review as legal opinion finds it ‘substantially flawed’
Accounting Standards

Investors call for IFRS review as legal opinion finds it ‘substantially fla...

11y Naomi Rainey

Investors call for IFRS review as legal opinion fi...

A leading UK lawyer has suggests that IFRS have “substantial legal flaws” Read More...

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Auditors acted as “cheerleaders” for questionable bank reporting
Audit

Auditors acted as “cheerleaders” for questionable bank reporting

11y Richard Crump , Writer

Auditors acted as “cheerleaders” for questionable ...

Parliamentary Commission on Banking Standards recommends that banks be made to create a separate set of accounts for regulators 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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Summer Training Series: FRS 100-102 explained; IFRS; Audit
Accounting Standards

Summer Training Series: FRS 100-102 explained; IFRS; Audit

11y Accountancy Age

Summer Training Series: FRS 100-102 explained; IFR...

The Summer Training Series will consist of three half-day training courses in London, providing delegates with an update on financial reporting standa...

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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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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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FRC releases another standard to streamline UK accounting
Accounting Standards

FRC releases another standard to streamline UK accounting

11y Rachael Singh

FRC releases another standard to streamline UK acc...

Financial Reporting Council releases simplified accounting standard which moves the country closer to an IFRS-based framework 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 Rachael Singh

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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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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