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Eddie Stobart Logistics' earnings take a hit on adjustment

  • Published: 10 Jul 2019

Transport and logistics group Eddie Stobart Logistics is making a prior year adjustment to its results for the year to end-November 2018. Although.... read more

Audit Quality Review sees Grant Thornton under the FRC audit spotlight

  • Published: 10 Jul 2019

The UK Financial Reporting Council (FRC) is increasing its scrutiny of Grant Thornton following the latest round of audit inspections. At Grant.... read more

FASB seeks stakeholder input on intangibles and goodwill

  • Published: 9 Jul 2019

The US Financial Accounting Standards Board (FASB) has issued an Invitation to Comment seeking stakeholder input on the accounting for certain.... read more

Tax dodgers come clean among UK’s buy-to-let landlords

  • Published: 9 Jul 2019

The number of UK buy-to-let landlords admitting to not paying tax on their rental income has risen by 145% over the past year, increasing to 16,110.... read more

AICPA comments on US Treasury business expense proposals

  • Published: 9 Jul 2019

The American Institute of CPAs (AICPA) has made more than 20 recommendations to the US Treasury and Internal Revenue Service (IRS) about the.... read more

UK pensions schemes must improve or consolidate

  • Published: 8 Jul 2019

Proposals to reduce the number of poorly governed pension schemes have been outlined in a consultation launched by The Pensions Regulator (TPR)..... read more

UK inheritance tax under the spotlight for reform?

  • Published: 8 Jul 2019

The UK’s Office of Tax Simplification (OTS) has published a report on potential reforms to the country’s inheritance tax. Inheritance tax applies.... read more

FRC revises practice notes on financial sector audits

  • Published: 4 Jul 2019

The Financial reporting Council (FRC) has issued a revision of Practice Note 19: The audit of banks and building societies in the United Kingdom..... read more

Deloitte fined £4.2m over audit of Serco Geografix, SFO fines Serco £19.2m

  • Published: 4 Jul 2019

Deloitte has been fined £4.2m by the Financial Reporting Council (FRC) over  the audit of the financial statements of Serco subsidiary Serco.... read more

FCA proposes ban on sale of crypto-derivatives to retail consumers

  • Published: 3 Jul 2019

The UK’s Financial Conduct Authority (FCA) is proposing rules to address harm to retail consumers from the sale of derivatives and exchange traded.... read more

US business leaders worry about risks of complex financial instruments

  • Published: 3 Jul 2019

Financial instruments are a growing presence on company balance sheets, and business executives say more market awareness is needed to prevent.... read more

Financial / non-financial reporting frameworks share common principles

  • Published: 2 Jul 2019

The world’s leading financial and non-financial corporate reporting frameworks have the same common foundations, based on the key objectives of.... read more

Cashflow issues make UK small business owners want to quit!

  • Published: 2 Jul 2019

Research from Xero and PayPal reveals 37% of UK small businesses owners have considered closing their company because of cash flow issues caused by.... read more

ICAS, CIOT strategic partnership and joint qualification

  • Published: 1 Jul 2019

The Institute of Chartered Accountants of Scotland (ICAS) and the Chartered Institute of Taxation (CIOT) have announced a strategic partnership and.... read more

EFRAG supportive of IASB proposals to amend IFRS 3

  • Published: 1 Jul 2019

EFRAG has published its draft comment letter in response to the IASB's Exposure Draft ED/2019/3 Reference to the Conceptual Framework (Proposed.... read more

PCAOB inspection of BDO reveals deficiencies in audits

  • Published: 1 Jul 2019

The Public Company Accounting Oversight Board (PCAOB) has published its report on the inspection of BDO USA. In nine of the 23 audits reviewed,.... read more

FRC identifies reporting issues at 29 out of 53 companies

  • Published: 28 Jun 2019

More than half of the companies whose reports and accounts have been reviewed by the Financial Reporting Council’s corporate reporting review (CRR).... read more

FASB proposes narrow-scope improvements to credit losses standard

  • Published: 28 Jun 2019

The Financial Accounting Standards Board (FASB) has  issued a proposed Accounting Standards Update (ASU) that would address issues raised by.... read more

Association of International Certified Professional Accountants joint project to improve corporate sustainability

  • Published: 27 Jun 2019

The Association of International Certified Professional Accountants (the Association) and the World Business Council for Sustainable Development.... read more

IASB consults on amendments to IFRS 17

  • Published: 26 Jun 2019

The International Accounting Standards Board (IASB) has proposed amendments to the insurance contracts Standard, IFRS 17, for public consultation..... read more


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