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.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements