Members of the banking community are urging Prime Minister Gordon Brown to
drive the adoption of a common set of accounting standards ahead of next week’s
G20 summit in London.
William Rhodes, chairman and president of Citibank, said informal talks with
Brown covered areas considered important by bankers, including regulation and
accounting issues, according to
‘This crisis is a chance to do a lot of things that we have all been putting
off, in terms of necessary reforms,’ he said.
Rhodes said a common set of accounting standards that would apply worldwide
was needed, in addition to a global regulatory co-ordinating council.
Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season