US standard setters will continue to have an important role to play even
after IFRS is implemented, said international accounting head Sir David Tweedie.
IASB chairman Sir David said FASB was ‘not going away’, at a Pace
University-organised seminar, reported
FASB had helped US and international accounting standards converge and both
bodies should protect each other. ‘If one goes, the other does as well,’ he
He expects US and international standards to be in the same ‘ballpark’ by
Sir David pointed out France’s accounting aossociaitions as being less
The IASB will also publish a report next year looking at what the IASB has
learned from the financial crisis.
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