A newly released survey by
shows 30% of chief financial officers and other senior finance professionals say
they would consider adopting International Financial Reporting Standards (IFRS)
if given a choice by the USA’s Securities & Exchange Commission (SEC) within
the next three years.
Another 28% of respondents said they either lacked sufficient information to
make a decision about IFRS, or they were simply undecided, leaving room for IFRS
use to increase further, according to accounting web.com
Six months earlier, only 20% of respondents said they would consider adopting
IFRS if given the choice by the SEC.
Although the interest in adopting IFRS is growing, the survey showed that,
about two-thirds of those considering IFRS cited a lack of skilled resources in
their US operations, while one-third believed they currently lacked skilled
resources in their non-US operations.
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