The Accounting Standards Board of Japan began discussions with the IASB over how to minimise the differences between international financial reporting standards and their own rules ‘towards a final goal of convergence of their standards’.
The two bodies have decided to launch a project as soon as possible. ‘The decision of the ASBJ to join with us to examine the differences between our standards…is a major boost for the convergence of accounting standards worldwide. I applaud the decision of the ASBJ to take this historic step.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements