FASB responds to review of statement 141R
The US Financial Accounting Standards Board (FASB) has issued its response to the Financial Accounting Foundation's (FAF) Post-Implementation Review (PIR)…
Month: May 2013
Big Four make audit improvements: UK FRC
The UK Financial Reporting Council (FRC) has found KPMG, Deloitte, Ernst & Young and PWC have all successfully addressed issues…
We love paying taxes
I recently had a "heated debate" with my mother-in-law about tax - she said it was immoral for Google, Starbucks…
Innovation and finance
As a veteran of office life (getting on for 30 years if you must know!), I often enjoy giving my…
JICPA issues public sector financial accounting report
by Daniel Milroy MaherThe Japanese Institute of Certified Public Accountants (JICPA) has issued a report on public sector financial accounting…
IASB issues amendment to IAS 36
The International Accounting Standards Board (IASB) has issued amendments to IAS 36: Recoverable Amount Disclosures for Non-Financial Assets.The amendments relate…
AASB consults on Tier 2 Supplement to ED 235
The Australian Accounting Standards Board (AASB) has launched a consultation on a Tier 2 Supplement to the initial draft standard…
FRC calls for bigger focus on professional scepticism
by Daniel Milroy MaherThe UK Financial Reporting Council (FRC) has called for firms to "reinforce their efforts on professional scepticism"…