Corporate reporting changes delayed
Corporate reporting changes due to come into force at the beginning of 2005 could be delayed after intense business lobbying.
Corporate reporting changes due to come into force at the beginning of 2005 could be delayed after intense business lobbying.
Link: Corporate reporting standards fail to rise
The changes, which would see some 1,300 quoted companies having to publish an obligatory financial review alongside annual reports and accounts could be pushed back by three months.
Such a delay could give companies breathing space for an extra 12 months when it comes to implementing the changes, depending on when their year-end accounting takes place.
The Financial Times newspaper reports that ministers at the Department of Trade and Industry are expected to announce the delay next month.
During a consultation on the changes, business groups voiced concerns that legislation was being implemented too quickly.
The January 1, 2005 deadline was being implemented to comply with European directives.
The numbers you crunch tell a story. Your expertis...
20yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleWe all understand the role of lawyers in an arbitration, to argue over points of liability and who was at fault. But most commercial cases are brought...
View articleAn anonymous corporate finance veteran with over 20,000 hours of experience unlocks invaluable insights by pulling back the curtain on the rarely seen...
View articleThe UK's National Living Wage increase to £11.44/hr demands significant adjustments in payroll and reporting for accountants, impacting compliance, fi...
View articleThis regulatory update aims to simplify the reporting process, reduce administrative burdens, increase accuracy, and provide real-time reporting capab...
View articleTechnology could enable this by allowing teams to 'speak the same language' Read More...
View articleBegbies Traynor had a strong first half to its year, buoyed by increased revenue and a number of acquisitions Read More...
View articleRicky Shankar, Chairman of Clear Factor, explains how his own experience with banks led to the creation of Clear Factor - a decentralised global invoi...
View articleLooking at spending patterns of more than 1000 Spendesk users in 35 European countries, making 800,000 transactions totalling over €120million, the ‘S...
View article