The International Public Sector Accounting Standards Board has approved its Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities.

 

 

 

Regulators are poised to require that accounting firms identify exactly who is in charge of each audit they perform at thousands of publicly traded companies. Just where that disclosure will happen is still up for debate, however.

 

 

Audit watchdog agrees it needs some teeth 

 

The Financial Reporting Council yesterday said it concurs with the government's proposal to expand its powers.The independent regulator, consisting of 11 members, supports the proposal that it be directly responsible for inspection, ...

 

 

 

The latest version of the code (32-page / 494KB PDF) will apply to companies with accounting periods beginning on or after 1 October 2014. It will require boards to incorporate a 'viability statement' covering the company's long-term ...

 

 

IASB publishes a Discussion Paper on reporting the financial effects of rate regulation 

 

The International Accounting Standards Board (IASB) today published for public comment the Discussion Paper Reporting the Financial Effects of Rate Regulation.

 

 

IASB publishes final version of IFRS 9 

 

The International Accounting Standards Board (IASB) has published a final version of its IFRS 9 accounting rule that will require banks to set aside more money to protect against potential losses.

 

Private Companies May Get Exemption on Accounting for Intangible Assets 

 

The Private Company Council, the standard-setter for privately held companies, voted Tuesday to finalize an alternative that would exempt private companies from separately recognizing and measuring non-competition agreements and ...