The US standard-setter will today consider delaying the implementation of
The fair value standard, FAS 157, is due to come into effect on November 15.
It provides guidance for companies on how to provide valuations – or the price
an asset could be sold at in a current market transaction.
However, companies have voiced their disapproval of the date, saying they
need more time to address issues with implementing the standard,
Earlier this month the Financial Executives International asked the Financial
Accounting Standards Board to delay the standard by a year.
Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Long-serving PwC director Fiona Westwood has moved to Smith & Williamson and stepped up to partner