At a board meeting in London yesterday the International Accounting Standards Board reached consensus to publish a controversial draft rule on accounting for share options in the autumn with the aim of issuing a final standard in 2003.
Opposition by business has focused on the measurement method and competition issues.
European listed companies must begin reporting under IASs by 2004, but the US has still not signed up to the single set of global reporting standards with European business arguing this will create an uneven playing field.
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Craig Maxwell joins the audit and assurance team in Scotland
Stephen Grayson to join the audit department in Manchester