‘I think this issue of comment letters is gathering a disproportionate amount
of attention. Most of the comments are good and will improve reporting,’ said
He later told Accountancy Age that he thought the reaction involved
an ‘anti-American’ element.
A flood of letters have been recently sent to UK companies, demanding huge
amounts of detail on how they filed reports. Senior FDs openly criticised the
body, implying the letters were an attempt to enforce rules-based accounting.
Robert Herz, chairman of the US standard setter Financial Accounting
Standards Board, added: ‘People here are not used to the enforcement regime that
we have in the US.
‘They don’t like to be second-guessed on their decisions here. But the truth
is that if the SEC spots a problem, then there generally is a problem,’ he said.
Engineering and technology executives have voiced concerns over the government’s industrial strategy and the need to fill the R&D funding and long-term investment gap in a post-Brexit Britain
This year’s Finance Act is 649 pages, the second longest recorded, and highlights the increasing complexity for taxpayers of an ever expanding tax code
The International Integrated Reporting Council (IIRC) and the CIPFA have launched an introductory guide for leaders on integrated thinking and reporting
Accountancy Age is delighted to reveal the shortlists for the 2016 British Accountancy Awards