Industry News and Updates - February 2017

EFRAG REQUESTS COMMENTS ON ITS DRAFT ENDORSEMENT ADVICE ON IFRS 16 LEASES

Following a Preliminary Consultation which closed last December, EFRAG has now issued its Draft Endorsement Advice on IFRS 16 Leases.  EFRAG seeks the views of constituents, by 13 March 2017, in particular on its preliminary assessment of whether endorsing IFRS 16 would be conducive to the European Public Good.   Click here to find out more .

FUTURE OF ACCOUNTING PROFESSION: THREE MAJOR CHANGES AND IMPLICATIONS FOR TEACHING AND RESEARCH

The accounting profession will face significant changes in the next three decades, and professional organisations, their members, and educational institutions should respond.  The three changes - evolving smart and digital technology, continued globalisation of reporting / disclosure standards, and new forms of regulation - are also major  challenges for the profession.  Click here to find out more .

ACCA PRESIDENT'S DEBATE: 'ACCOUNTING FOR PUBLIC GOODS: THE SOCIAL AND NATURAL CAPITAL IMPERATIVES'

EU and global stakeholders discussed the vital next steps to further embed natural capital and social considerations in business decision making during ACCA's President Debate in Brussels.   Click here to find out more .

FRC REITERATES CALL FOR DISCIPLINARY POWERS AGAINST ALL DIRECTORS

The Financial Reporting Council (FRC) is calling on the government to extend its enforcement powers so that it is able to call company directors to account, and not just auditors, accountants and actuaries.   Click here to find out more .

 
 

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