US companies which meet strict criteria could be allowed to ‘early adopt’ the
latest accounting rules by publishing their 2009 accounts under international
financial reporting standards (IFRS) from as early as the start of 2010,
according to detailed plans released by the
Securities and Exchange
Accountants report several blue-chip companies are considering the effect of
the rules on their companies and early adopting groups are likely to include
some household names, the Financial Times reports.
The detailed changes are part of a long-awaited road map where the SEC sets
out the milestones to be met before the regulators commit to the change in 2011.
However, the early adopters would have to reconcile their new IFRS accounts
with US GAAP, suggesting they could change back to the US system should the
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