Rick Murray, managing director of legal and regulatory affairs at Deloitte Touche Tohmatsu, was among leading observers meeting recently in Berlin when he said corporations, international investors, academics, the banking industry and regulators were all needed to produce a ‘durable solution’ to the vexed problem of ‘uniform’ disclosure standards.
Opening the meeting Murray revealed DTT is working with the International Federation of Accounting Development to produce a coherent set of standards.DTT was hosting the second in a series of meetings on dislcosure standards and experts identified Germany to be well placed to help in the process of development.
Accounting in Germany is currently in a state of flux as companies move from an informal reporting system for key creditors to an equitable framework based on disclosure to all stakeholders.
It is this state, experts believe, which places Germany in a unique position to help develop new standards.
Participants expressed the view that Germany should use its role in the global economy and its corporate leadership to further the cause of uniform disclosure.
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.