Link: IAS39 dead in the water
Brussels is currently grappling with the controversial issue of whether to make IAS39 compulsory for listed companies, but meanwhile, it is upset that Belgium, Greece, France, Ireland, Luxembourg, the Netherlands and Finland have not yet implemented the 2001 ‘fair value’ directive (2001/65/EC) on accounting rules.
The directive tells member countries to at least permit companies to apply IAS39 rules on valuing instruments such as derivatives, restricting this to only consolidated accounts, if deemed necessary.
The commission said that it ‘cannot see any reason for delaying the transposition of this directive into national law because this is mainly an enabling exercise’, adding that its disclosure rules ‘should allow a better insight into financial instruments in financial statements’.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.