Accounting regulation “toothless”, say readers
Regulatory Bodies

Accounting regulation “toothless”, say readers

12y Calum Fuller , Reporter

Accounting regulation “toothless”, say readers

HP's £5.5bn write-down following its acquisition of Autonomy exposes "toothless" accounting regulation, say readers Read More...

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FRC to use firms' revenues to calculate disciplinary fines
Audit

FRC to use firms' revenues to calculate disciplinary fines

12y Rachael Singh

FRC to use firms' revenues to calculate disciplina...

In less than two months, audit and non-audit clients, profitability per partner and market could be considerations when handing out disciplinary fines...

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FASB must step up to retain standard-setting influence
Accounting Standards

FASB must step up to retain standard-setting influence

12y Richard Crump , Writer

FASB must step up to retain standard-setting influ...

FASB offered seat on global forum of setters, but warned of waning influence over international accounting rules Read More...

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Divisions over shape of new UK GAAP
Accounting Standards

Divisions over shape of new UK GAAP

12y Richard Crump , Writer

Divisions over shape of new UK GAAP

FRC framework for reduced disclosures welcomed, but opinion split over shape of new UK GAAP Read More...

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IASB proposes limited changes to IFRS 9 classification and measurement requirements
Accounting Standards

IASB proposes limited changes to IFRS 9 classification and measurement requ...

12y Richard Crump , Writer

IASB proposes limited changes to IFRS 9 classifica...

New category of financial assets could increase volatility for some financial institutions Read More...

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Accountancy regulation “toothless”, say Citi analysts
Regulatory Bodies

Accountancy regulation “toothless”, say Citi analysts

12y Richard Crump , Writer

Accountancy regulation “toothless”, say Citi analy...

Analysts at Citi, an advisor to Autonomy on the HP takeover, criticise the way financial reporting is policed by the FRRP Read More...

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IFRS Foundation opens regional office in Asia/Oceania
Accounting Standards

IFRS Foundation opens regional office in Asia/Oceania

13y Richard Crump , Writer

IFRS Foundation opens regional office in Asia/Ocea...

Parent body of the IASB opens first international office outside of London; Mary Tokar appointed to IASB Read More...

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E&Y faces formal complaint over Farepak audit
Audit

E&Y faces formal complaint over Farepak audit

13y Richard Crump , Writer

E&Y faces formal complaint over Farepak audit

FRC files disciplinary formal complaint against E&Y into its conduct as auditors to European Home Retail and its subsidiaries, including Farepak R...

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Standard setters vie for seat at IASB's top table
Regulatory Bodies

Standard setters vie for seat at IASB's top table

13y Richard Crump , Writer

Standard setters vie for seat at IASB's top table

With limited space, national standard setters could be left scrapping for a seat on the new IASB’s advisory forum. The fight to influence proceedings ...

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Membership the crux of new IASB advisory forum
Accounting Standards

Membership the crux of new IASB advisory forum

13y Richard Crump , Writer

Membership the crux of new IASB advisory forum

IASB’s collective approach to standard setting welcomed, but membership of new advisory body will prove a thorny issue Read More...

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FRC amends actuarial standards to include pension incentive exercises
Regulatory Bodies

FRC amends actuarial standards to include pension incentive exercises

13y Richard Crump , Writer

FRC amends actuarial standards to include pension ...

FRC changes scope to address concerns that members of defined benefit schemes may be misled by financial incentives Read More...

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IASB hosts public forum to discuss disclosure overload
Corporate Governance

IASB hosts public forum to discuss disclosure overload

13y Richard Crump , Writer

IASB hosts public forum to discuss disclosure over...

Public disclosure forum will be held in London next January to improve the quality of financial reporting disclosures Read More...

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FRC wraps up Equitable Life investigation
Regulatory Bodies

FRC wraps up Equitable Life investigation

13y Richard Crump , Writer

FRC wraps up Equitable Life investigation

FRC finds no realistic prospect that a tribunal would make an adverse finding against ICAS member Read More...

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Hoogervorst predicts “uphill battle” on lease accounting
Accounting Standards

Hoogervorst predicts “uphill battle” on lease accounting

13y Richard Crump , Writer

Hoogervorst predicts “uphill battle” on lease acco...

IASB chairman critical of lobbying against plans to account for lease expenses on the balance sheet Read More...

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IASB overseer set aside £460,000 for HMRC tax probe
Corporate Tax

IASB overseer set aside £460,000 for HMRC tax probe

13y Richard Crump , Writer

IASB overseer set aside £460,000 for HMRC tax prob...

IFRS Foundation makes £460,000 provision for HMRC probe over compliance with employment tax obligations Read More...

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New loan loss rules expected early next year
Accounting Standards

New loan loss rules expected early next year

13y Richard Crump , Writer

New loan loss rules expected early next year

IASB to publish rules on the way banks provision for loan losses in the new year Read More...

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IASB plans new advisory body
Accounting Standards

IASB plans new advisory body

13y Richard Crump , Writer

IASB plans new advisory body

IASB plans to create a new 12-member advisory group of national standards setters and regional bodies. Read More...

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McLaren in codes and standards driving seat
Accounting Standards

McLaren in codes and standards driving seat

13y Richard Crump , Writer

McLaren in codes and standards driving seat

The head of the FRC’s Codes and Standards Committee talks about the watchdog’s new structure and its strategic objectives Read More...

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Hoogervorst gets tough over IASB framework deadline
Accounting Standards

Hoogervorst gets tough over IASB framework deadline

13y Richard Crump , Writer

Hoogervorst gets tough over IASB framework deadlin...

IASB chief bemoans dysfunctional processes and decision-making that hinders its ability to deliver projects to deadline Read More...

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Competition Commission delays audit inquiry findings
Audit

Competition Commission delays audit inquiry findings

13y Richard Crump , Writer

Competition Commission delays audit inquiry findin...

UK watchdog pushes back provisional findings of audit investigation to January Read More...

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FRC consults on improving financial reporting
Business Regulation

FRC consults on improving financial reporting

13y Richard Crump , Writer

FRC consults on improving financial reporting

Disclosures that do not meet the objective of financial reporting should be excluded from the financial report, FRC says Read More...

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Big Four alumni's influence could restrict competition
Audit

Big Four alumni's influence could restrict competition

13y Richard Crump , Writer

Big Four alumni's influence could restrict competi...

Competition could be restricted by the backgrounds of those involved in the appointment of auditors, regulator finds Read More...

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FRC practices what it preaches
Audit

FRC practices what it preaches

13y Richard Crump , Writer

FRC practices what it preaches

FRC avoids charge of “do as I say, not as I do”, by changing its auditor Read More...

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FRC undershoots annual budget by £1.1m
Business Regulation

FRC undershoots annual budget by £1.1m

13y Richard Crump , Writer

FRC undershoots annual budget by £1.1m

UK reporting watchdog cuts overall expenditure despite larger-than-expected costs associated with structural reform Read More...

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FRC announces newly formed Actuarial Council
Regulatory Bodies

FRC announces newly formed Actuarial Council

13y Naomi Rainey

FRC announces newly formed Actuarial Council

Financial Reporting Council announces the membership of its newly formed regulatory committee, the Actuarial Council Read More...

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IPA to handle insolvency solicitor complaints
Business Recovery

IPA to handle insolvency solicitor complaints

13y Rachael Singh

IPA to handle insolvency solicitor complaints

IPA will handle all complaints against solicitor insolvency practitioners. IPA signs agreement to handle solicitor complaints Read More...

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Ombudsman ruling forces PPF to clarify asset guidance
Company News

Ombudsman ruling forces PPF to clarify asset guidance

13y Accountancy Age

Ombudsman ruling forces PPF to clarify asset guida...

The Pension Protection Fund to clarify the way schemes value property as a contingent asset, in the wake of an ombudsman ruling against it Read More...

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