Leading figures in the accountancy world have demanded that the IASB retains
its independence in the wake of more pressure from Europe to water down fair
Ian Mackintosh of the Accounting Standards Board, PricewaterhouseCoopers’
senior technical partner Peter Holgate, and Deloitte’s IFRS expert Ken Wild were
three of the signatories in a letter to the
The European Commission wrote to the IASB and pushed for further changes to
accounting standards for financial instruments on top of the recent
reclassification of hard-to-value assets. The body wanted to see these
amendments put through in time for the year-end financial reporting.
The letter said: ‘We have before us a situation that could threaten the
independence of international standard setting, the use of proper due process
and the future of global financial reporting standards.’
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
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