The Accounting Standards Board has
issued a statement calling on companies to disclose any gap between assets in a
pension fund and the money needed to buy annuities for pension plan members from
The sum required to insure pension liabilities is typically known as the
While not enforceable, recommendations on reporting proposals from the ASB
are typically widely adopted by British companies in their accounts.
The ASB has been reviewing how British companies should disclose the funding
pensions, which have been hit by rising longevity, tough new accounting
rules and low bond yields, leading to pension plan closures and benefit cuts
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