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.
UK senior partner Phil Verity has been elected for a second term at Mazars
Tallat Mahmood appointed to corporate finance team of Top 20 firm
Top 25 firm HW Fisher & Co has acquired London firm Rhodes & Rhodes
Top Ten firm RSM has appointed Nick Blundell as its head of corporate tax in Birmingham