A new chairman is being sought for the body responsible for overseeing the
International Accounting Standards Board after current incumbent Tommaso
Padoa-Schioppa, was elected as the new Italian finance minister.
Padoa-Schioppa was named this week in Romano Prodi’s new government, having
only taken up the role at the Ianternational Accounting Standards Committee
Foundation at the beginning of the year.
Whoever is appointed to the role will join at a difficult time as the IASB is
encountering growing anxiety about US influence over its standards and the
recruitment process will be closely followed by the European Commission.
As a result, Brussels is expected to push for another European to be
appointed to the role, following the departure of former chairman of the US
Federal Reserve Paul Volcker last year.
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