Link: IAS special report
Sir David Tweedie, chairman of the International Accounting Standards Board, has warned that some companies from former Soviet bloc states, that will join the EU in May, will issue inaccurate financial statements due to the immense challenges involved in the changeover.
Ten nations, including eight from the former Soviet bloc – the Czech republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia – are due to join the EU this year. These countries will struggle as the accounting rules in these countries show far greater differences from IAS than those in the UK and other more established EU nations, according to the Financial Times.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars