PwC’s chief executive Samuel DiPiazza believes that large companies could be
ready to move from US GAAP to IFRS – a much earlier timetable than that proposed
by US regulators.
‘The Europeans did it in five years. I would find it difficult to think that
the Europeans are that much more capable than the Americans. It is certainly
possible for all large-cap companies to be in IFRS by 2015,’ said DiPiazza.
US Securities and Exchange Commission chairman, Christopher Cox, this week
announced that plans will be drawn up in the course of the year so as to move US
companies to global accounting standards.
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
The FRC is inviting comments from stakeholders on its proposed approach to updating FRS 102 to reflect changes in IFRS