National governments are keen to see the proposal swiftly become law and have forwarded their common position to the European Parliament with a request that it approves the proposed directive ‘at the earliest possible opportunity’.
Its aim is to cajole Member States into dragging their remaining distinct national accounting laws closer to IAS blueprints. The proposals would also make it more difficult to hide liabilities by using superficially separate ‘special purpose vehicles’.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
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
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned