The international standard setter is to accelerate its projects which address
off-balance sheet issues.
Chairman of the International Accounting Standards Board, Sir David Tweedie,
announced the moves on Friday in a speech at the Empire Club of Canada in
Toronto, where he spoke of the role of the standard setter following the global
Off-balance sheet rules came under scrutiny as the rules allowed companies to
keep risky investment structures off their books, until these ran into trouble
as the markets plunged.
‘For our consolidations and derecognition projects, ones that directly
address off-balance sheet issues, the IASB is committed to move the projects
forward expeditiously. The IASB will also put together an advisory group to help
us address the issue of valuing financial instruments in illiquid markets,’ he
The standard setter recently denied the project had lost momentum as a result
of staff turnover.
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
The AAT will deliver the end point assessments for the apprenticeships
The tax return deadline is looming, but the 'mad rush' isn't necessary, argues Carl Reader
The London School of Business & Finance has become the official provider of ACCA tuition materials for the PwC CEE Academy