The UK’s insurance representative body has hit out at the European Union for
failing to endorse the IASB’s new standard on financial instruments.
In a letter to the Financial Times Peter Vipond, the Association of British
Insurers’ director of financial regulation, attacked the “increased
politicisation” of the standard setting process and the EU’s approach to IFRS 9.
“It was pressure from the European Commission earlier this year that prompted
the IASB to bring out IFRS 9. It is unhelpful that pressure from within the EU
has stalled the endorsement process. This confusion helps nobody in the end,”
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