FRC inspecting Co-op Bank's 2012 accounts
Company News

FRC inspecting Co-op Bank's 2012 accounts

13y Richard Crump , Writer

FRC inspecting Co-op Bank's 2012 accounts

Reporting watchdog confirms it is scrutinising the Co-Op Bank's financial reporting Read More...

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EU banks' financial statements lack comparability
Corporate Governance

EU banks' financial statements lack comparability

13y Richard Crump , Writer

EU banks' financial statements lack comparability

Review of the accounts of 39 major European banks finds variance in the quality of disclosures Read More...

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IASB publishes narrow-scope amendments to IAS 19
Accounting Standards

IASB publishes narrow-scope amendments to IAS 19

13y Richard Crump , Writer

IASB publishes narrow-scope amendments to IAS 19

IASB makes narrow scope amendments apply to contributions from employees or third parties to defined benefit plans Read More...

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IASB overhauls hedge accounting
Accounting Standards

IASB overhauls hedge accounting

13y Richard Crump , Writer

IASB overhauls hedge accounting

IASB adopts principles-based approach to hedge accounting which better reflects companies' risk management strategies Read More...

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Deloitte granted appeal on MG Rover tribunal decision
Accounting Firms

Deloitte granted appeal on MG Rover tribunal decision

13y Rachael Singh

Deloitte granted appeal on MG Rover tribunal decis...

Accounting’s watchdog has granted Deloitte an appeal over its tribunal loss for work it carried out at MG Rover Read More...

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ICAEW questions FRC commitment to international auditing standards
Accounting Standards

ICAEW questions FRC commitment to international auditing standards

13y Richard Crump , Writer

ICAEW questions FRC commitment to international au...

ICAEW suggests FRC policy on auditing standards could damage its global standing Read More...

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FRC proposes amendments to hedge accounting
Accounting Standards

FRC proposes amendments to hedge accounting

13y Richard Crump , Writer

FRC proposes amendments to hedge accounting

FRC consults on changes to hedge accounting rules Read More...

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FRC appoints new executive director of strategy
People In Practice

FRC appoints new executive director of strategy

13y Richard Crump , Writer

FRC appoints new executive director of strategy

Chris Hodge replaces Mridul Hegde as new FRC executive director of strategy Read More...

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SEC bans accountancy firm over failed Chinese company audits
Audit

SEC bans accountancy firm over failed Chinese company audits

13y Richard Crump , Writer

SEC bans accountancy firm over failed Chinese comp...

Sherb & Co audits of three US-listed Chinese companies were "riddled with failures" SEC investigation finds Read More...

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FRC updates going concern definition
Audit

FRC updates going concern definition

13y Richard Crump , Writer

FRC updates going concern definition

FRC clarifies the assessement of going concern for stewardship and accounting purposes Read More...

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Deloitte, MG Rover and the Tribunal... the story so far
Accounting Firms

Deloitte, MG Rover and the Tribunal... the story so far

13y Rachael Singh

Deloitte, MG Rover and the Tribunal... the story s...

Rachael Singh looks at how accountancy's tribunal came to calculate the record-breaking fine against Deloitte for its work on collapsed car manufactur...

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FRC appoints new director of accounting and reporting
People In Practice

FRC appoints new director of accounting and reporting

13y Richard Crump , Writer

FRC appoints new director of accounting and report...

Anthony Appleton, a director from BDO's financial reporting advisory team, joins the FRC Read More...

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Deloitte US slapped with $2m fine over audit violation
Accounting Firms

Deloitte US slapped with $2m fine over audit violation

13y Richard Crump , Writer

Deloitte US slapped with $2m fine over audit viola...

Deloitte hit with joint largest civil fine levied by the PCAOB Read More...

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FIA accounts criticised for lack of transparency
Company News

FIA accounts criticised for lack of transparency

13y Rachael Singh

FIA accounts criticised for lack of transparency

PwC audited Formula One accounts criticised for lacking disclosure, specifically around personnel spending Read More...

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IFRS Foundation chair warns EU against amending IFRS
Accounting Standards

IFRS Foundation chair warns EU against amending IFRS

13y Richard Crump , Writer

IFRS Foundation chair warns EU against amending IF...

Changing IFRS for European purposes could lead to incompatible standards, warns Michael Prada Read More...

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Competition Commission waters down audit reforms
Audit

Competition Commission waters down audit reforms

13y Richard Crump , Writer

Competition Commission waters down audit reforms

Competition watchdog retreats from contentious plans and imposes ten year audit tendering rules Read More...

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FRC strategy director Mridul Hegde resigns
People In Practice

FRC strategy director Mridul Hegde resigns

13y Richard Crump , Writer

FRC strategy director Mridul Hegde resigns

FRC director of strategy Mridul Hegde unexpectedly resigns from the UK reporting watchdog, Accountancy Age reveals Read More...

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IASB rate-regulation rules unfair to the UK, says FRC
Accounting Standards

IASB rate-regulation rules unfair to the UK, says FRC

13y Richard Crump , Writer

IASB rate-regulation rules unfair to the UK, says ...

FRC suggests interim standard for rate-regulated entities "disadvantageous" to countries that already use IFRS Read More...

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EU tells IASB and Efrag to toughen up governance regimes
Accounting Standards

EU tells IASB and Efrag to toughen up governance regimes

13y Accountancy Age

EU tells IASB and Efrag to toughen up governance r...

Europe calls for IASB funding arrangements to be reliant on the IASB updating its own governance Read More...

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FRC and BIS defend legality of global accounting standards
Accounting Software

FRC and BIS defend legality of global accounting standards

13y Richard Crump , Writer

FRC and BIS defend legality of global accounting s...

FRC and BIS rubbish claims that IFRS conflicts with UK company law as "misguided" Read More...

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PwC’s Powell says international tax no longer fit for purpose
Corporate Tax

PwC’s Powell says international tax no longer fit for purpose

13y Rachael Singh

PwC’s Powell says international tax no longer fit ...

PwC chairman and senior partner says tax regime needs to evolve with the times Read More...

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Deloitte appeals MG Rover tribunal
Accounting Firms

Deloitte appeals MG Rover tribunal

13y Rachael Singh

Deloitte appeals MG Rover tribunal

Deloitte and former partner Maghsoud Einollahi have launched an appeal against their fines by the FRC for their MG Rover work Read More...

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FRC proposes tougher measures on exec pay in governance code
Corporate Governance

FRC proposes tougher measures on exec pay in governance code

13y Rachel Dalton

FRC proposes tougher measures on exec pay in gover...

FRC consults on possible amendments to the UK corporate governance code on executive remuneration Read More...

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Consultation to simplify insolvency process launched
Business Regulation

Consultation to simplify insolvency process launched

13y Rachael Singh

Consultation to simplify insolvency process launch...

Proposals to simplify Insolvency Rules such as allowing electronic submissions is launched by the Insolvency Service Read More...

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FRC vows to continue audit reform fight in annual meeting
Accounting Firms

FRC vows to continue audit reform fight in annual meeting

13y Rachael Singh

FRC vows to continue audit reform fight in annual ...

FRC says it plans to work closer with audit committees, opens Brussels office, and is verging on sanctioning audit performance failures itself, at Bar...

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PCAOB uncovers audit failings at KPMG and PwC
Accounting Firms

PCAOB uncovers audit failings at KPMG and PwC

13y Richard Crump , Writer

PCAOB uncovers audit failings at KPMG and PwC

Inspections by US's accountancy watchdog uncover failings in 38 audits carried out by PwC and KPMG Read More...

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Competition watchdog urged to water down audit tendering rules
Audit

Competition watchdog urged to water down audit tendering rules

13y Richard Crump , Writer

Competition watchdog urged to water down audit ten...

Competition Commission told to scrap five year audit tendering plans in favour of FRC’s ten year 'comply or explain' approach Read More...

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