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Archive by author: IASeminarsReturn
November 2019
A ruling requiring President Trump’s lifelong accountancy firm to turn over his accounts has been temporarily blocked by the Supreme court on Monday.
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A proposal by the board at the FASB has called for certain sections of the hedge accounting standard to be clarified.
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A report has been published by the private sector working group on euro risk free rates with recommendations, from an accounting perspective, on the transition to new risk free rates.
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October 2019
A newly implemented accounting standard has caused Google India’s revenue to drop by 56% in the year ending March 2019, this is according to regulatory filling sourced from business intelligence firm Tofler.
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The Financial Reporting Council’s new Chairman has accelerated plans to create a new regulator in order to discipline auditors and company directors. The new chairman, Simon Dingemans, took the role after Win Bischoff stepped down following a damning report on the effectiveness of the regulator.
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In response to amendments made to the IFRS 17 standard by the International Accounting Standards Board, global insurance and reinsurance broker Willis Towers Watson, have highlighted a number of areas which require improvement.
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An accounting Error at M&C Saatchi has forced the company to downgrade its profit forecast in their half year report. The agency announced a charge of £6.4m to the group’s annual results back in August after an internal review exposed mistakes within their accounting.
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September 2019
It’s Monday morning and a busy week stretches out ahead of you. There are meetings, reports, proposals and deadlines! It’s all too easy to feel overwhelmed and for the symptoms of stress to build in the background.
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So far a handful of fashion retailers have detailed their costs to date with regards IFRS 16. The impact of IFRS 16 should be neutral in the long term but it may not always seem that way when companies account for the new measure in their reporting.
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There are still some uncertainties around the amendments and stakeholders have until 25 September to respond to the June 2019 Exposure Draft, “Amendments to IFRS 17”.
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