More than half of US accountants are preparing for widespread adoption of
international financial reporting standards, according to the American Institute
of Certified Public Accountants.
After initial scpeticism US accountants now appear to have swung behind IFRS,
according to a survey of 1,495 AICPA members.
Support for IFRS seems to have been boosted by the US Securities and Exchange
Commission proposing a timeline for transitioning – and possibly for mandating
that publicly traded US companies begin replacing US GAAP – within the next
A greater proportion of AICPA members said they were prepared for
international accounting rules compared to when they were last surveyed in
April. So far more than 100 countries have adopted some form of IFRS.
Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
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