PCAOB revamps audit committee rules
Wednesday 21 Dec 2011 | [email protected] The US audit regulator has unanimously voted to reconsult on draft standards dictating how auditors should communicate with audit committees.
2012: The year to correct audit and CRD IV failings
Wednesday 21 Dec 2011 | Ian Welch
Overhauling controversial audit proposals and ensuring that the landmark CRD IV measures safeguard Europe’s long-term financing culture are likely to be key issues for regulators in 2012 after a frantic year, says Ian Welch, head of policy at the Association of Chartered Certified Accountants.
Accountants urged on sov debt transparency
Tuesday 20 Dec 2011 | [email protected] Accountants across Europe must fairly measure and disclose firms’ exposures to stressed sovereign debt, the Federation of European Accountants (FEE) has urged.
Lawmakers slam UK regulatory shakeup
Monday 19 Dec 2011 | [email protected] Plans to abolish the UK Financial Services Authority and replace it with three new supervisory bodies have been heavily criticised by British parliamentarians.
IASB confirms IFRS 9 delay to 2015
Friday 16 Dec 2011 | [email protected] The International Accounting Standards Board has finally confirmed a two-year delay for the IFRS 9 standard, which will now be mandatory from 2015.
Accountants agree on offsetting ‘Plan B’
Friday 16 Dec 2011 | [email protected] US and international accounting standards setters have been unable to reach agreement on new joint standards relating to the way that firms offset their assets and liabilities.
MPs to hold hearing on UK veto
Friday 16 Dec 2011 | [email protected] UK MPs are to hold an inquiry into the eurozone crisis and David Cameron’s veto of the new EU treaty and have invited chancellor George Osborne and foreign secretary William Hague to give evidence at the hearing.
EU audit reforms could thwart US regs
Friday 16 Dec 2011 | [email protected] European proposals to overhaul the audit sector threaten to complicate US attempts to reform the industry, according to a leading group of accountants.
Turner turns on US banks & lawmakers
Thursday 15 Dec 2011 | [email protected] Britain’s top financial regulator has accused American congressmen, banks and financial sector lobbyists of trying to hamper the work of US regulatory agencies.
Achieving operational excellence
Thursday 15 Dec 2011 | Geoff Hodge & Phil Davies
A radical step change is needed in the way technology is viewed with firms needing to re-think the way they use fund accounting tools, argue Phil Davies and Geoff Hedge of Milestone Group.
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