The Parliament voted overwhelmingly on Tuesday in favour of the International Accounting Standards Board’s single set of accounting standards to be used by all listed European companies in 2005.
The endorsement means that the necessary legislation will be quickly passed into the member states’ national legislation.
All IASs will be scrutinised by a technical board under the aegis of the European Commission to ensure compliance with other EU laws.
Simon Wright of CareersinAudit.com discusses how an effective cyber defence force is critical to businesses worldwide and how internal auditors can make the transition to a new career in cyber security
The FRC has said that the investigation will 'consider, but not be restricted to, issues regarding misstated accounting balances'
Craig Maxwell joins the audit and assurance team in Scotland
Stephen Grayson to join the audit department in Manchester