FRC publishes final guidance on going concern
Business Regulation

FRC publishes final guidance on going concern

10y Richard Crump , Writer

FRC publishes final guidance on going concern

FRC retains original wording of controversial going concern proposals in updated corporate governance code Read More...

View article
IFRS ‘disconnected’ from true and fair, investors claim
Accounting Standards

IFRS ‘disconnected’ from true and fair, investors claim

10y Richard Crump , Writer

IFRS ‘disconnected’ from true and fair, investors ...

Group of institutional investors claim IFRS disconnected from the requirements for true and fair accounts Read More...

View article
Banks take a forward view of losses under new IFRS rule
Accounting Standards

Banks take a forward view of losses under new IFRS rule

10y Richard Crump , Writer

Banks take a forward view of losses under new IFRS...

IASB issues finished financial instruments accounting standard, but fails in convergence attempts with FASB Read More...

View article
Get the latest analysis and reports delivered to your inbox daily
FRC reveals ‘struggle’ in IASB discussions
Accounting Standards

FRC reveals ‘struggle’ in IASB discussions

10y Idris Nagri

FRC reveals ‘struggle’ in IASB discussions

Working with international standards body "like pushing water uphill", Haddrill admits Read More...

View article
MPs to grill FRC over going concern
Politics

MPs to grill FRC over going concern

10y Richard Crump , Writer

MPs to grill FRC over going concern

Sir Win Bischoff and Stephen Haddrill face House of Lords Economic Affairs Committee grilling over going concern Read More...

View article
Investors slam FRC going concern proposals
Accounting Firms

Investors slam FRC going concern proposals

10y Idris Nagri

Investors slam FRC going concern proposals

Plans to water down ongoing viability statements will be “damaging to the public interest”, according to top shareholders Read More...

View article
Use 'The Lab' to end going concern concerns
Regulatory Bodies

Use 'The Lab' to end going concern concerns

10y Richard Crump , Writer

Use 'The Lab' to end going concern concerns

FRC cannot afford another consultation on going concern, it should send the debate to the Financial Reporting Lab Read More...

View article
Barclays publishes first country-by-country report
Corporate Tax

Barclays publishes first country-by-country report

10y Calum Fuller , Reporter

Barclays publishes first country-by-country report

Barclays' worldwide effective corporation tax rate 53%, disclosure shows Read More...

View article
IASB forms working group ahead of IFRS loss model launch
Accounting Standards

IASB forms working group ahead of IFRS loss model launch

10y Idris Nagri

IASB forms working group ahead of IFRS loss model ...

Group will focus on requirements for impairment of financial instruments under IFRS 9 Read More...

View article
Extended audit and audit committee reports produce varied results
Audit

Extended audit and audit committee reports produce varied results

10y Idris Nagri

Extended audit and audit committee reports produce...

KPMG’s survey finds a variety of risks and approaches in extended auditor and audit committee reports Read More...

View article
ACCA calls for IFRS 3 to be reconsidered
Accounting Standards

ACCA calls for IFRS 3 to be reconsidered

10y Richard Crump , Writer

ACCA calls for IFRS 3 to be reconsidered

Accounting standard for the acquisition of businesses combinations needs reconsidering, says global accountancy body Read More...

View article
FRC: True and fair overrides accounting standards
Accounting Standards

FRC: True and fair overrides accounting standards

10y Richard Crump , Writer

FRC: True and fair overrides accounting standards

FRC reconfirms that a true and fair view remains fundamental requirement of financial reporting Read More...

View article
Regulators publish new global revenue accounting standard
Accounting Standards

Regulators publish new global revenue accounting standard

10y Richard Crump , Writer

Regulators publish new global revenue accounting s...

Way companies account for revenue overhauled by global and US standard setters, in major step towards creating a converged set of international accoun...

View article
FRC consulting on going concern in changes to CG code
Corporate Governance

FRC consulting on going concern in changes to CG code

10y Richard Crump , Writer

FRC consulting on going concern in changes to CG c...

FRC consulting on going concern along with reforms to directors' remuneration policy as part of wider changes to the corporate governance code Read Mo...

View article
EU Parliament adopts non-financial reporting rules
Business Regulation

EU Parliament adopts non-financial reporting rules

10y Richard Crump , Writer

EU Parliament adopts non-financial reporting rules

Large companies must disclose a host of non-financial information in their annual reports Read More...

View article
FRC to launch new consultation on going concern
Business Regulation

FRC to launch new consultation on going concern

10y Richard Crump , Writer

FRC to launch new consultation on going concern

UK reporting watchdog to develop going concern proposals for further public consultation following investor criticism, Accountancy Age can reveal Read...

View article
Colin: A world beyond reporting standards
Corporate Governance

Colin: A world beyond reporting standards

10y Idris Nagri

Colin: A world beyond reporting standards

Colin wonders how accountants would feel without the issue of reporting standards Read More...

View article
EU endorses non-financial reporting for large companies
Business Regulation

EU endorses non-financial reporting for large companies

10y Richard Crump , Writer

EU endorses non-financial reporting for large comp...

Large companies within the EU to report non-financial information in management statement Read More...

View article
FRC to amend accounting for debt instruments
Regulatory Bodies

FRC to amend accounting for debt instruments

10y Richard Crump , Writer

FRC to amend accounting for debt instruments

FRC to amend conditions that determine whether debt instruments can be measured at amortised cost or fair value Read More...

View article
IFRS Foundation admits to late filings on Companies House
Corporate Governance

IFRS Foundation admits to late filings on Companies House

10y Richard Crump , Writer

IFRS Foundation admits to late filings on Companie...

IASB oversight body admits failing to file information at Companies House in timely fashion, but denies its filings have been 'chaotic' Read More...

View article
Treasury must watch over Royal Household finances
Corporate Governance

Treasury must watch over Royal Household finances

10y Kevin Reed , Writer

Treasury must watch over Royal Household finances

The Queen's household has dipped into its reserves, leaving it with a historically low fund, warns the Public Accounts Committee Read More...

View article
EC launches review of IFRS in the EU
Accounting Standards

EC launches review of IFRS in the EU

10y Richard Crump , Writer

EC launches review of IFRS in the EU

Mazars and the ICAEW will assess whether the switch to IFRS has delivered the benefits that had been expected by the EU Read More...

View article
FRC in danger of departing from Sharman recommendations
Regulatory Bodies

FRC in danger of departing from Sharman recommendations

10y Richard Crump , Writer

FRC in danger of departing from Sharman recommenda...

A member of the Sharman inquiry into 'going concern' warns that FRC proposals depart from panel's original recommendations Read More...

View article
PwC: RSA's problems limited to Irish operation
Audit

PwC: RSA's problems limited to Irish operation

10y Kevin Reed , Writer

PwC: RSA's problems limited to Irish operation

Reviews involving auditors, external assurance and internal audit, outline extent of financial and control issues at RSA's Irish division Read More...

View article
Baker Tilly blames “low-balling” for decline in profits
Accounting Firms

Baker Tilly blames “low-balling” for decline in profits

10y Idris Nagri

Baker Tilly blames “low-balling” for decline in pr...

Baker Tilly sees its profit fall substantially in March 2013 year-end, blaming lost re-tendering due to low-ball pricing Read More...

View article
FRC to update FRS 101
Accounting Standards

FRC to update FRS 101

10y Richard Crump , Writer

FRC to update FRS 101

FRC proposes to simplify, in the reduced disclosure framework, the new disclosure requirements of IAS 36 Read More...

View article
Why the numbers add up for direct cash flow statements
Accounting Standards

Why the numbers add up for direct cash flow statements

10y Dr Iain Clacher

Why the numbers add up for direct cash flow statem...

Detractors must recognise that disclosure will bring benefits, not just for investors and analysts, but for businesses too Read More...

View article