Christopher Cox has called for federal regulators to consider devising a road
map to move US companies toward international accounting practices.
The chairman of the Securities and Exchange Commission told a gathering of
the European-American Business that investors needed ‘a common accounting
Cox said the matter was a priority for 2008 following a change of SEC policy
last year, allowing non-US issuers to use IFRS without reconciling these to US
GAAP, the Wall Street Journal reported.
Cox and European Union Internal Markets Commissioner Charlie McCreevy are set
to discuss the issues at a meeting of securities regulators in Amsterdam later
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