A report by Credit Suisse First Boston said that IFRS will force the company to amortise all origination fees, incentives and costs over the expected lifetime of a product, which could hit profits by up to £20m, while a change in how application fees are recorded could mean in initial hit on income of £30m.
CSFB downgraded its outlook on the company, which saw its shares fall 20p yesterday.
However, the same report said that the introduction of IFRS could benefit some banks, with HSBC and Alliance & Leicester set to see an increase in profits by as much as 10%.
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day