Governance of the International Accounting Standards Board still needs to
improve and only when it does will it cease to be a political, according to an
Reuters reports that David Wright, deputy head of the European Union’s
internal market commission said that there was still “much work to be done” on
The agency reports Wright claimed that finalising the governance structure
was a key element in “depoliticising” accounting standards.
Wright was appearing before a commission heariong on accounting and auditing.
Governance of the international standard setter was reformed with the
introduction of a monitoring board in January 2009 which introduced a fresh
level of oversight by other regulators.
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