Link: IAS special report
The International Accounting Standards Board is expected to finalise the outstanding details on its financial instruments standards, specifically dealing with fair value hedge accounting and derivatives, later this month.
The issue has roused massive opposition from the banking community, which claims the new rules will dangerously increase the volatility of its financial reports. The European Commission has also been drawn into the arguments and could still refuse to ratify the standard in time for the introduction of IASs for listed companies across the European Union in 2005.
Last week’s meeting looks to have made good progress with a strong possibility that a compromise could now be reached, according to the Financial Times.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel