The Society of Investment Professionals, which represents around 4,000 investment managers and analysts, has said the accounting rule is the only fair way to inform investors, employees and other interested parties of a company’s financial position.
The investment group said: ‘If there are concerns about the figures that are produced by this accounting standard, then they are reactions to a reality that must be assessed and not ignored,’ the FT reported.
SIP is the UK member of the Association for Investment Management and Research, an international, non-profit organisation of investment practitioners and academics. SIP oversees the UK benchmark examination for individuals managing investment portfolios.
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