BANK OF ENGLAND head Mark Carney has many undoubted interests and hobbies, TS is sure, but a love of global accounting standards is not among them judging by his reaction at being handed a pocket guide to IFRS.
Carney was in attendance at the inaugural Tommaso Padoa-Schioppa Memorial Lecture, delivered during the IFRS Foundation Trustees’ meeting in London, alongside the great and good of the profession – and TS.
At the end of the lecture, delivered by ECB president Mario Draghi, pocket guides to IFRS were being dished out to the delight of TS. Carney did not appear to share such enthusiasm. On being handed the somnambulistic read the country’s most influential banker looked at a loss as to what to do with the guide.
That’s Andy Haldane’s secret Santa sorted then.
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