PracticeConsultingAccountancyAge.com weekly news focus: Business

AccountancyAge.com weekly news focus: Business

News that Volkswagen is abandon its harsh German accounting standards will be a boost to the concept of comparable worldwide standards. But which standards will it decide to use: International Accounting Standards or US GAAP?

The carmaker’s decision which give a significant boost to whichever model it chooses.

This issue will be addressed in more detail on AccountancyAge.com this week.

Meanwhile, there has been feverish activity in the insurance industry. This week’s newswire includes news of the surprise departure of Prudential’s FD, while news that CGU and Norwich Union are to merge could signal a battle between their respective auditors. CGU’s Peter Foster has been named as FD of the yet-to-be named combined group.

AccountancyAge.com is this week offering users the chance to win a luxury weekend in Barcelona – you can enter by visiting the homepage.

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