The group, to be chaired by economist Rosemary Radcliffe, will also include HBOS chief executive Phil Hodkinson, PricewaterhouseCoopers senior partner Graham Ward, KPMG senior advisor Gerry Archer and the head of the Accounting Standards Board, Mary Keegan.
An OFR will be required by all economically significant companies in the UK under the new legislation. The recently formed working group will help develop broad principles and practical guidance on how directors can assess whether an item is material to their company and whether it must be included in an OFR.
The three-year long review of company law, undertaken by the Department of Trade & Industry, was completed in July this year.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars