HSBC chief accountant critical of quality of risk reporting
Accounting Standards

HSBC chief accountant critical of quality of risk reporting

14y Richard Crump , Writer

HSBC chief accountant critical of quality of risk ...

Quality of the risk analysis that companies publish is "weak" according to HSBC's group chief accounting officer Read More...

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Colin: Give me a sign
Audit

Colin: Give me a sign

14y Taking Stock

Colin: Give me a sign

Colin ponders what any changes to auditors' risk assessment might entail Read More...

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EU standard setters wade into IFRS debate
Accounting Standards

EU standard setters wade into IFRS debate

14y Richard Crump , Writer

EU standard setters wade into IFRS debate

The FRC joins with fellow European national standard setters to influence IASB's work on conceptual framework that underpins IFRS Read More...

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Scope of auditors' report to be extended to include risk
Audit

Scope of auditors' report to be extended to include risk

14y Richard Crump , Writer

Scope of auditors' report to be extended to includ...

FRC proposes step change from the traditional binary pass/fail model of audit reporting Read More...

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Auditors' going concern judgment to extend beyond 12 months
Audit

Auditors' going concern judgment to extend beyond 12 months

14y Richard Crump , Writer

Auditors' going concern judgment to extend beyond ...

Companies' ongoing financial health must be judged over a longer period of time, according to draft proposals put forward by the FRC Read More...

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IASB: Auditors fail to see reports as models of communication
Accounting Standards

IASB: Auditors fail to see reports as models of communication

14y Rachael Singh

IASB: Auditors fail to see reports as models of co...

International Accounting Standards Board survey finds much work is needed in regards to financial disclosure in annual reports Read More...

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FRC plans 8.5% hike to levy rates
Audit

FRC plans 8.5% hike to levy rates

14y Richard Crump , Writer

FRC plans 8.5% hike to levy rates

Additional funding will be used to clear backlog of disciplinary cases and promote influence abroad Read More...

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IASB to amend asset impairment rules
Accounting Standards

IASB to amend asset impairment rules

14y Richard Crump , Writer

IASB to amend asset impairment rules

IASB publishes exposure draft of proposed modifications to the disclosures for the measurement of the recoverable amount of impaired assets Read More...

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Using Big Four improves disclosure quality
Accounting Standards

Using Big Four improves disclosure quality

14y Richard Crump , Writer

Using Big Four improves disclosure quality

Companies using Big Four auditor provide better quality IFRS disclosures, Cass Business School study finds Read More...

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Accounting regulation “toothless”, say readers
Regulatory Bodies

Accounting regulation “toothless”, say readers

14y 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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AC reports should not be dismissed as mere compliance
Audit

AC reports should not be dismissed as mere compliance

14y James Roberts

AC reports should not be dismissed as mere complia...

The audit committee report is a powerful tool for giving stakeholders insight into the culture and integrity at the top of a company. More companies s...

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Safeland lines up new FD as it recoups misappropriated funds
Company News

Safeland lines up new FD as it recoups misappropriated funds

14y Kevin Reed , Writer

Safeland lines up new FD as it recoups misappropri...

Property developer starts tightening up controls as it looks to recover another £500k of stolen funds Read More...

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HMV issues going concern warning over covenants risk
Company News

HMV issues going concern warning over covenants risk

14y Kevin Reed , Writer

HMV issues going concern warning over covenants ri...

Disappointing sales figures sees HMV likely to breach covenants in January Read More...

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End era of convergence in months, not years – ICAEW
Accounting Standards

End era of convergence in months, not years – ICAEW

14y Richard Crump , Writer

End era of convergence in months, not years – ICAE...

The institute suggests that all listed companies around the world should have the option of applying IFRS Read More...

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Divisions over shape of new UK GAAP
Accounting Standards

Divisions over shape of new UK GAAP

14y 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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Accountancy regulation “toothless”, say Citi analysts
Regulatory Bodies

Accountancy regulation “toothless”, say Citi analysts

14y 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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IIRC releases prototype of integrated reporting framework
Business Regulation

IIRC releases prototype of integrated reporting framework

14y Rachael Singh

IIRC releases prototype of integrated reporting fr...

IIRC publishes prototype reporting model to integrate non-financial data onto financial statements which will be tested by more than 80 businesses Rea...

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Tighten reporting to stop mega-writedowns
Accounting Standards

Tighten reporting to stop mega-writedowns

14y Accountancy Age

Tighten reporting to stop mega-writedowns

More stringent reporting rules would curb valuation 'excesses', says Nick Hood Read More...

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Membership the crux of new IASB advisory forum
Accounting Standards

Membership the crux of new IASB advisory forum

14y 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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IFRS adoption will eventually happen, US investors tell ACCA
Accounting Standards

IFRS adoption will eventually happen, US investors tell ACCA

14y Richard Crump , Writer

IFRS adoption will eventually happen, US investors...

It will take four and a half years for most US companies to be ready for IFRS, investors tell ACCA Read More...

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IASB hosts public forum to discuss disclosure overload
Corporate Governance

IASB hosts public forum to discuss disclosure overload

14y 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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Profession split over value of convergence project
Accounting Standards

Profession split over value of convergence project

14y Richard Crump , Writer

Profession split over value of convergence project

Half of delegates at E&Y conference think convergence project with the US has failed to be beneficial Read More...

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Companies failing to disclose gender pay gap
Accounting Firms

Companies failing to disclose gender pay gap

14y Richard Crump , Writer

Companies failing to disclose gender pay gap

Deloitte survey finds gender pay gap and carbon reporting disclosures lacking Read More...

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Hoogervorst gets tough over IASB framework deadline
Accounting Standards

Hoogervorst gets tough over IASB framework deadline

14y 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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ICAEW gives qualified welcome to narrative reporting plans
Corporate Governance

ICAEW gives qualified welcome to narrative reporting plans

14y Kevin Reed , Writer

ICAEW gives qualified welcome to narrative reporti...

BIS plans for companies to produce a more concise strategy report Read More...

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FRC consults on improving financial reporting
Business Regulation

FRC consults on improving financial reporting

14y 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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Auditors handed greater reporting role by FRC
Accounting Standards

Auditors handed greater reporting role by FRC

14y Richard Crump , Writer

Auditors handed greater reporting role by FRC

Auditors told to provide more information on board statements in annual accounts Read More...

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