A round table which will put the performance of IFRS and US GAAP under the
microscope is set to kick off within the next few hours.
The Securities and Exchange Commission has convened the summit meeting to
determine whether the recent capital markets upheaval exposed any flaws in the
round table has been organised into two panels. Paul Boyle, the chief
executive of the Financial Reporting Council, will sit on the financial services
industry sector panel, which includes an Ernst & Young representative.
Envoys from Grant Thornton, KPMG and BP will be part of the second panel
discussing financial reporting in other industry sectors.
‘Expected panelists include investors, issuers, auditors, and others with
experience in considering or evaluating company financial statements that are
prepared in accordance with IFRS or US GAAP during these current times,’ the
Individuals from the Financial Accounting Standards Board and International
Accounting Standards Board will be present as observers, the SEC added.
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
The FRC is inviting comments from stakeholders on its proposed approach to updating FRS 102 to reflect changes in IFRS