JMH Treasury found that companies with market capitalisations of over £2bn will spend at least £1m each to ensure their treasury systems meet the requirements of the new rules on derivatives and other financial instruments listed in IAS 39.
The study also showed that very few are ready for the introduction of IAS 39 with 50 of the UK’s top 500 companies unable to answer the JMH’s questions on financial instruments, according to the Financial Times.
KPMG set to take on the Legal & General audit from PwC, months after also nabbing Standard Life from its Big Four rival
Corrective action has been taken by Sports Direct into its international stores reporting, following a review by accounting's watchdog
AIM-listed Bond International Software has had Kingston Smith and Partners appointed as liquidators.
Big Four firm Deloitte has announced its investment in blockchain start-up SETL as well as a partnership with VTC Group