Critics of the Sarbanes-Oxley
Act have called for action before the powerful US legislation encroaches on
A ‘regulatory creep’ scenario is feared because Sarbox’s stringent Section
404 compliance and audit provisions could inadvertently find their way into the
UK were the London Stock
Exchange to be taken over by a US exchange.
Stateside regulators the Securities and
Exchanges Commission (SEC) have tried to reassure concerned parties by
increasing their co-operation with the Financial Services Authority.
SEC chairman Christopher Cox, said that neither the body, or their European
counterparts would be work to avoid any potential ‘over-reach’ into related.
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