The International Accounting Standards Board will face changes to the way
it is funded after Europe’s finance ministers endorsed a financing shake-up.
The aim is to make it less reliant on donations from big accounting firms and
avoid conflict of interest scenarios when deciding international accounting
Ministers agreed a declaration that the IASB should have a ‘very broad base
of contributors’ spread across the world, ‘so as to avoid conflicts of
The possibility that the IASB should be funded ‘partly through public means’,
if a new voluntary funding system does not work, will remain, the FT
The IASB’s budget is expected to rise to £17m by 2008.
Engineering and technology executives have voiced concerns over the government’s industrial strategy and the need to fill the R&D funding and long-term investment gap in a post-Brexit Britain
This year’s Finance Act is 649 pages, the second longest recorded, and highlights the increasing complexity for taxpayers of an ever expanding tax code
The International Integrated Reporting Council (IIRC) and the CIPFA have launched an introductory guide for leaders on integrated thinking and reporting
Accountancy Age is delighted to reveal the shortlists for the 2016 British Accountancy Awards