Industry News and Updates - September 2016

IASB ISSUES AMENDMENTS TO INSURANCE CONTRACTS STANDARD

The IASB has issued amendments to its existing insurance contracts accounting standard, IFRS 4.  The amendments address concerns arising from implementing the new financial instruments accounting standard, IFRS 9, before implementing the replacement the standard setter is developing for IFRS 4.  These concerns include temporary volatility in reported results.   Click here to find out more .

KPMG APPOINTS SARAH WILLOWS AS NEW CFO AND HEAD OF OPERATIONS

Sarah Willows has been named as KPMG's new chief financial officer and head of operations.  Willows has been working for the Big Four firm since 1988.  She was previously head of energy for the company.   Click here to find out more .

ACCA AND EGYPTIAN SOCIETY OF ACCOUNTANTS AND AUDITORS (ESAA) SIGN A PARTNERSHIP TO DEVELOP THE ACCOUNTANCY AND FINANCE PROFESSION IN EGYPT

ACCA, (the Association of Chartered Certified Accountants) and ESAA have signed a strategic partnership agreement to strengthen the accountancy and finance profession in Egypt.  The agreement was signed during ESAA's two day knowledge sharing visit, organised by ACCA, hosting a senior delegation of ESAA in their offices in London and Glasgow.  Click here to find out more .

FRC CALLS FOR CONCERTED EFFORT TO IMPROVE THE INTEGRITY OF BUSINESS

Companies face a wake-up call to review their cultures before they can win back broad support from society, business leaders were told at the regulator's conference.  Click here to find out more .

 
 

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