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’.
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Craig Maxwell joins the audit and assurance team in Scotland
Stephen Grayson to join the audit department in Manchester