The US standard-setter has announced that it will propose to lift the US GAAP
reconciliation requirement for foreign filers already reporting in IFRS.
Herz made the announcement at a gathering of the New York State Society of
CPAs during their annual election meeting, where he commented on how the
profession needed sweeping changes to its reporting system.
He said the challenge would be to ‘write standards in a way that someone
without an Oxford understanding of English can understand.’
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