Tuesday 18 September 2018

Industry Updates - October 2017

MORE TO BE DONE ON CORPORATE REPORTING, SAYS FRC

The Financial Reporting Council's (FRC) annual review showed small improvements in certain areas but an overall need for more to be done.  The FRC wants large listed companies to provide more specific data, rather than "boiler-plate" text that is still lingering.   Click here to find out more .

 

IASB ISSUES NARROW-SCOPE AMENDMENTS TO IFRS 9 AND IAS 28

The International Accounting Standards Board has issued amendments to IFRS 9 'Financial Instruments' and to IAS 28 'Investments in Associates and Joint Ventures' to aid implementation.  Click here to find out more .

 

ACCA HOLDS GLOBAL CONFERENCE ON REGULATION

The importance of effective regulation in the accounting and auditing professions was the subject of a recent conference organised by the global body for professional accountants ACCA (the Association of Chartered Certified Accountants).  The guest speaker at this event was Sir Win Bischoff, Chairman of the Financial Reporting Council.   Click here to find out more .

 

THE MODERN AUDIT - IS YOUR FIRM READY?

Beyond the right technology, mindset is vital, particularly among the partner groups and other leadership.  When we talk firm readiness, it's also about readiness within the partner group.  In many instances, the decision to move to a more modern way of audit gets derailed because all the key stakeholders aren't fully bought-in.  But if the partners are willing to go down the path and invest in it for the future, your firm might be more ready than you think.  Click here to find out more .

 

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