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.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice