More US accountants are familiar with international standards, compared with
two years ago and more than half want the US to adopt international accounting
rules, according to an industry survey.
In 2008 about two thirds of members reported no familiarity with IFRS. That
number has now dropped to 15%.
The survey also found 60% believe the US Securities and Exchanges Commission
should require IFRS adoption.
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