Banks set for last ditch talks with IASB
Representatives from top European banks will today make a final push to persuade the International Accounting Standards Board to provide concessions to its proposed standards on Financial Instruments.
Representatives from top European banks will today make a final push to persuade the International Accounting Standards Board to provide concessions to its proposed standards on Financial Instruments.
Link: IASB and banks clash over derivatives
Companies such as HSBC, Barclays and Commerzbank will meet with the IASB privately in order to discuss issues surrounding how derivatives will be dealt with in the new standard. The banks believe that it will compromise the widely used risk management strategy of macro hedging.
Sir David Tweedie has said he is prepared to look for compromises but would not tolerate answers that would weaken the principles already set out, such as measuring derivatives at fair value.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article