Mistakes are expected to be strewn across Chinese company accounts next year
because of the misapplication of new global reporting rules, according to a
trustee of the International Accounting Standards Board,
Marvin Cheung, an IASB supervisor and member of Hong Kong’s executive
council, said there would ‘be mistakes and gaps in year one’.
He said a significant proportion of companies and auditors will probably
apply some aspect of the new rules incorrectly.
But he also said it would be an ‘improvement on what happened before’, the FT
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016