The US Financial Accounting Standards Board responded to lobbying by suspending a section of its EITF03-1 guidance, which would require the value of bond holdings to be marked down the when rates rise, The Financial Times reported.
With further interest rates expected soon, there had been fears that accountants’ interpretation of the rule might lead to a significant down grading of the bonds.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016