An Italian banker is to replace Paul Volcker as head of trustees at the
International Accounting Standards Board.
Tommaso Padoa-Schioppa, who is reported to be a candidate for the Bank of
Italy governor’s position, is to take over from 1 January.
By moving from a US head to a European the IASB is being seen to address
concerns that it is insensitive to the concerns of its European members.
The appointment of Padoa-Schioppa will please the EC’s internal market
commissioner Charlie McCreevy who has lobbied consistently for a rebalancing of
interests on the IASB.
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