Companies, regulators and standards setters will meet next February to further debate the issue of measuring assets and liabilities at fair value, which critics say will cause too much volatility in the accounts and won’t represent the true picture of a company’s business.
But few hold out much hope of resolving the issue at the meeting. An executive of the European Central Bank said it supported a principles over rules approach to accounting but wasn’t hopeful the meeting would solve the stalemate.
‘In the past issues have been rarely solved by holding such a meeting,’ the Financial Times reported.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned