Old Mutual PLC says its transition to IFRS is on track and that it will be ready to release restated 2004 accounts in May.
Old Mutual also saw a £31m one-off increase to its profit and loss account for 2003 after including accounting standards adopted by it’s South African subsidiary Nedcor.
Local reporting requirements saw Nedcor discount future cash flows on advances. The change was acceptable under UK GAAP and Old Mutual decided to include the requirement in its financial statements.
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