Colin: It doesn't have to be War and Peace
Accounting Standards

Colin: It doesn't have to be War and Peace

11y Idris Nagri

Colin: It doesn't have to be War and Peace

Brevity should be the soul of company reports, suggests Colin Read More...

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IASB chair calls for behavioural change in disclosures
Accounting Standards

IASB chair calls for behavioural change in disclosures

11y Richard Crump , Writer

IASB chair calls for behavioural change in disclos...

Hans Hoogervorst outlines a series of "simple" measures that will improve disclosures in financial reporting Read More...

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Bringing international financial reporting up to standard
Accounting Standards

Bringing international financial reporting up to standard

11y Syed Kamall

Bringing international financial reporting up to s...

The international standards used to draw up accounts for judging a company's financial health are not up to the job, writes Syed Kamal Read More...

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FRC dismisses enhanced audit competition role
Audit

FRC dismisses enhanced audit competition role

11y Richard Crump , Writer

FRC dismisses enhanced audit competition role

Reporting watchdog questions usefulness of secondary duty of promoting competition between audit firms Read More...

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IASB insurance contract rules “a new world” for insurance
Accounting Standards

IASB insurance contract rules “a new world” for insurance

11y Mark Sands

IASB insurance contract rules “a new world” for in...

New rules on the accounting of insurance contracts represent fundamental change according to profession Read More...

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Investors call for IFRS review as legal opinion finds it ‘substantially flawed’
Accounting Standards

Investors call for IFRS review as legal opinion finds it ‘substantially fla...

11y Idris Nagri

Investors call for IFRS review as legal opinion fi...

A leading UK lawyer has suggests that IFRS have “substantial legal flaws” Read More...

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Auditors acted as “cheerleaders” for questionable bank reporting
Audit

Auditors acted as “cheerleaders” for questionable bank reporting

11y Richard Crump , Writer

Auditors acted as “cheerleaders” for questionable ...

Parliamentary Commission on Banking Standards recommends that banks be made to create a separate set of accounts for regulators Read More...

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Audit committees need to get cracking on Companies Act reform
Business Regulation

Audit committees need to get cracking on Companies Act reform

11y Idris Nagri

Audit committees need to get cracking on Companies...

Companies Act reform welcomed but audit committees must start working on this quickly Read More...

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FTSE 100 providing more audit tenure information
Audit

FTSE 100 providing more audit tenure information

11y Richard Crump , Writer

FTSE 100 providing more audit tenure information

Two thirds of the FTSE 100 are providing information about the tenures of their current auditors Read More...

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EU scraps quarterly reporting for listed companies
Business Regulation

EU scraps quarterly reporting for listed companies

11y Richard Crump , Writer

EU scraps quarterly reporting for listed companies

Quarterly reporting scrapped among changes to EU the EU's accounting framework Read More...

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Taking Stock: Don't be concerned
Audit

Taking Stock: Don't be concerned

11y Calum Fuller , Reporter

Taking Stock: Don't be concerned

Colin considers the meaning of the FRC's developments on going concern Read More...

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FRC rethinks controversial going concern proposals
Business Regulation

FRC rethinks controversial going concern proposals

11y Richard Crump , Writer

FRC rethinks controversial going concern proposals

Accounting regulator to change going concern proposals in response to criticism from the profession Read More...

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Accounting rules could lead to artificial lease structures
Accounting Standards

Accounting rules could lead to artificial lease structures

11y Richard Crump , Writer

Accounting rules could lead to artificial lease st...

Overhaul of lease accounting rules still complex and could lead to restructuring of lease agreements Read More...

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Success of FRS 102 needs to be replicated on going concern
Regulatory Bodies

Success of FRS 102 needs to be replicated on going concern

11y Richard Crump , Writer

Success of FRS 102 needs to be replicated on going...

The consultation process for FRS 102 was arguably the most wide-ranging the FRC has ever conducted. It should apply the same rigour to going concern R...

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Material uncertainties over FRC going concern guidance
Business Regulation

Material uncertainties over FRC going concern guidance

11y Richard Crump , Writer

Material uncertainties over FRC going concern guid...

No-one disputes Lord Sharman’s recommendations on going concern, but the FRC’s interpretation has been met with alarm Read More...

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Mazars calls for human rights reporting and assurance
Accounting Firms

Mazars calls for human rights reporting and assurance

11y Richard Crump , Writer

Mazars calls for human rights reporting and assura...

Mazars launches project to develop standards for human rights reporting and assurance Read More...

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Integrated framework provides capital gains for reporting
Corporate Governance

Integrated framework provides capital gains for reporting

11y Richard Crump , Writer

Integrated framework provides capital gains for re...

In essence, the IIRC framework aims to create more concise reporting that better communicates to investors how the business creates value over time Re...

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Integrating the reporting clutter
Corporate Governance

Integrating the reporting clutter

11y Richard Crump , Writer

Integrating the reporting clutter

Reporting of non-financial information is to be applauded, but will add to the disclosure burden in the short term Read More...

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EC pushes for more environmental and social disclosure
Business Regulation

EC pushes for more environmental and social disclosure

11y Richard Crump , Writer

EC pushes for more environmental and social disclo...

Companies with more than 500 employees will need to disclose more information about environmental and social impact in annual reports Read More...

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Consultation launches on integrated reporting framework
Business Regulation

Consultation launches on integrated reporting framework

11y Idris Nagri

Consultation launches on integrated reporting fram...

A consultation on draft framework to integrate non-financial data into financial statements is launched through 15 events worldwide, six of which are ...

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EU agrees country-by-country reporting for extractive industries
Accounting Standards

EU agrees country-by-country reporting for extractive industries

11y Richard Crump , Writer

EU agrees country-by-country reporting for extract...

European companies required to disclose full information on payments of more than €100,000 (£85,000) to governments in resource rich countries Read Mo...

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ASAF discusses conceptual framework at inaugural meeting
Accounting Standards

ASAF discusses conceptual framework at inaugural meeting

11y Richard Crump , Writer

ASAF discusses conceptual framework at inaugural m...

IASB and members of the ASAF discuss conceptual framework and impairment projects at inaugural meeting Read More...

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Don't wait for a scandal to rein in internal controls
Technology

Don't wait for a scandal to rein in internal controls

11y Idris Nagri

Don't wait for a scandal to rein in internal contr...

Although it is widely agreed that spreadsheets incur errors, accountants shouldn’t wait until a scandal hits and regulators step in before they take p...

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CIMA, IFAC & PwC combine forces to look at business model reporting
Accounting Standards

CIMA, IFAC & PwC combine forces to look at business model reporting

11y Idris Nagri

CIMA, IFAC & PwC combine forces to look at bus...

Institutes and firms have combined to look at business model reporting and how they can be integrated into financial reports, on behalf of the Interna...

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Complaints pile up over changes to accounting regulations
Accounting Standards

Complaints pile up over changes to accounting regulations

11y Idris Nagri

Complaints pile up over changes to accounting regu...

Institutes flag up a multitude of concerns over the government's proposed changes to micro-entity financial reporting Read More...

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FRC and FASB among 12 members of IASB advisory forum
Accounting Standards

FRC and FASB among 12 members of IASB advisory forum

11y Richard Crump , Writer

FRC and FASB among 12 members of IASB advisory for...

US and UK national standard setters among inaugural members of IASB's Accounting Standards Advisory Forum Read More...

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Auditors should reveal more about potential risk, say readers
Audit

Auditors should reveal more about potential risk, say readers

11y Idris Nagri

Auditors should reveal more about potential risk, ...

Audit reports should provide greater detail, Accountancy Age readers say in a poll Read More...

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