Interview: Michel Prada defends IFRS Foundation governance
Corporate Governance

Interview: Michel Prada defends IFRS Foundation governance

12y Richard Crump , Writer

Interview: Michel Prada defends IFRS Foundation go...

Michel Prada tells Accountancy Age that criticism of IFRS Foundation governance structure is 'unfair' Read More...

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Conceptual differences hamper lease accounting project
Accounting Standards

Conceptual differences hamper lease accounting project

12y Naomi Rainey

Conceptual differences hamper lease accounting pro...

Attempts by IASB and FASB to hammer out new lease accounting standard hampered by 'conceptual difference of opinion', finds Naomi Rainey Read More...

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FRC faces Lords committee grilling over going concern
Business Regulation

FRC faces Lords committee grilling over going concern

12y Naomi Rainey

FRC faces Lords committee grilling over going conc...

Watchdog's bosses will answer questions over controversial proposals, as investors blast plans Read More...

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Investors slam FRC going concern proposals
Accounting Firms

Investors slam FRC going concern proposals

12y Naomi Rainey

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...

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

Use 'The Lab' to end going concern concerns

12y 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...

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Key facts paint picture of profession in good health
Accounting Firms

Key facts paint picture of profession in good health

12y Richard Crump , Writer

Key facts paint picture of profession in good heal...

Latest annual key facts and trends in the profession report reflects a positive message about the health of the profession Read More...

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FRC proposes joint tribunals for accountants and actuaries
Accounting Firms

FRC proposes joint tribunals for accountants and actuaries

12y Naomi Rainey

FRC proposes joint tribunals for accountants and a...

Watchdog says changes will make disciplinary proceedings more efficient Read More...

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Non-audit clients provide largest fee growth for firms
Accounting Firms

Non-audit clients provide largest fee growth for firms

12y Naomi Rainey

Non-audit clients provide largest fee growth for f...

Big Four firms continue to dominate, but other businesses' fee income recovers after five years of falls Read More...

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FRC scraps investigation into PwC’s Berkeley Group audit
Audit

FRC scraps investigation into PwC’s Berkeley Group audit

12y Richard Crump , Writer

FRC scraps investigation into PwC’s Berkeley Group...

FRC ends probe into PwC's independence when it conducted the audit of house building company Berkeley Group Holdings Read More...

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FRC: True and fair overrides accounting standards
Accounting Standards

FRC: True and fair overrides accounting standards

12y 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...

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Regulators publish new global revenue accounting standard
Accounting Standards

Regulators publish new global revenue accounting standard

12y 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...

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Bank audits not up to scratch, finds FRC
Audit

Bank audits not up to scratch, finds FRC

12y Richard Crump , Writer

Bank audits not up to scratch, finds FRC

FRC inspection report highlights continued deficiencies in the quality and rigour of bank audits Read More...

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SEC suspends ex-Deloitte risk officer over audit work
Accounting Firms

SEC suspends ex-Deloitte risk officer over audit work

12y Richard Crump , Writer

SEC suspends ex-Deloitte risk officer over audit w...

Former Deloitte & Touche chief risk officer suspended from auditing public companies for two years Read More...

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IASB agrees standard-setting charter of co-operation
Accounting Standards

IASB agrees standard-setting charter of co-operation

12y Richard Crump , Writer

IASB agrees standard-setting charter of co-operati...

Principles of co-operation between the IASB, national standard-setters and other accounting standard-setting bodies published Read More...

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Newsham facing FRC tribunal over Worthington Nicholls audit
Audit

Newsham facing FRC tribunal over Worthington Nicholls audit

12y Richard Crump , Writer

Newsham facing FRC tribunal over Worthington Nicho...

FRC launches disciplinary hearing into conduct of Paul Newsham, a former audit partner at Worthington Nicholls auditors Sixonethreeone Read More...

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Bischoff labelled ‘odd choice' as new FRC chair
Audit

Bischoff labelled ‘odd choice' as new FRC chair

12y Richard Crump , Writer

Bischoff labelled ‘odd choice' as new FRC chair

Credibility of Bischoff's appointment at FRC called into question during parliamentary hearing Read More...

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

FRC consulting on going concern in changes to CG code

12y 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...

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IASB launches dedicated research facility
Accounting Standards

IASB launches dedicated research facility

12y Richard Crump , Writer

IASB launches dedicated research facility

IFRS Research Centre launched to create more evidence-based reporting standard setting Read More...

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Baker Tilly criticised over deficient audit work
Audit

Baker Tilly criticised over deficient audit work

12y Richard Crump , Writer

Baker Tilly criticised over deficient audit work

FRC censures Baker Tilly for its reluctance to accept criticisms of audits in need of significant improvement Read More...

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Global audits found to be deficient in critical areas
Audit

Global audits found to be deficient in critical areas

12y Richard Crump , Writer

Global audits found to be deficient in critical ar...

Audits conducted by affiliates of six largest firms persistently deficient, survey of 30 regulators finds Read More...

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FRC extends Cup Trust investigation to include audited accounts
Audit

FRC extends Cup Trust investigation to include audited accounts

12y Richard Crump , Writer

FRC extends Cup Trust investigation to include aud...

FRC extends the scope of its investigation into controversial charity The Cup Trust to include preparation and audit of financial statements Read More...

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MEP calls for independent review into IASB
Accounting Standards

MEP calls for independent review into IASB

12y Richard Crump , Writer

MEP calls for independent review into IASB

Syed Kamall wants EC to commission review into international accounting standard setter - "similar" to Philippe Maystadt's review of Efrag Read More...

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FRC to launch new consultation on going concern
Business Regulation

FRC to launch new consultation on going concern

12y 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...

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MEPs question how EC will ensure IASB meets funding requirements
Accounting Standards

MEPs question how EC will ensure IASB meets funding requirements

12y Richard Crump , Writer

MEPs question how EC will ensure IASB meets fundin...

MEPs have asked EC to explain how IASB will avoid conflicts of interest and be democratically accountable Read More...

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EU approves IASB funding with strings attached
Accounting Standards

EU approves IASB funding with strings attached

12y Richard Crump , Writer

EU approves IASB funding with strings attached

Release of EU funding streams contingent upon sufficient reform to prevent conflicts of interest Read More...

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IFRS 9 leaves IASB with impaired convergence
Accounting Standards

IFRS 9 leaves IASB with impaired convergence

12y Stephen Bouvier

IFRS 9 leaves IASB with impaired convergence

The lack of a single asset impairment model between the IASB and FASB leaves preparers playing piggy in the middle Read More...

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IASB to overhaul processes as further filing issues arise
Accounting Standards

IASB to overhaul processes as further filing issues arise

12y Richard Crump , Writer

IASB to overhaul processes as further filing issue...

The IFRS Foundation overhauls governance processes in light of continued shortcomings in its filing record at Companies House Read More...

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