TS loves receiving updates from the International Financial Reporting Standards Foundation.
As if the IFRS bods didn’t have enough on their plate, they insist on strangling every press release with a thicket of grandiose statements and wordy explanations.
A choice example: “Those interrelated reviews are being conducted independently in a manner consistent with their separate but linked Constitutional responsibilities.” Joy.
TS wonders whether the impenetrable prose is calculated deflect attention from the crux of the release – which, in recent weeks, has included a six-month extension to the convergence timetable, and a navel-gazing ten year review.
Someone pass the popcorn.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure