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.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements