TS WAS SURPRISED to see PwC caught on the hop by the International Accounting Standards Board’s publication of four new standards last week. While TS was dodging press releases and fending off media calls from other Big Four firms clamouring to comment, PwC was uncharacteristically shy. TS can only assume this was because no press release had been prepared. The PR team was taken aback at the mention of the newest members of the IFRS family, and TS is still waiting for a communiqué from the UK’s largest accountancy firm.
Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Long-serving PwC director Fiona Westwood has moved to Smith & Williamson and stepped up to partner