This site use cookies to store information on your computer. Some are essential to make our site work; others help us improve the user experience. By using the site, you consent to the placement of these cookies. Read our privacy policy to learn more.
The UK Financial Reporting Council issued new rules focusing on strengthening auditor ethics and independence requirements. Meanwhile, the Brydon Report recommended actions to improve the quality of audits.
Proposals issued by the International Accounting Standards Board would require information in financial statements to be focused more on financial performance.
CEO Ed Molyneux co-founded FreeAgent in 2007 with the aim of democratizing accounting for small businesses and to help them work better with their accountants.
The wide variety of frameworks and standards initiatives prevents consistency in corporate reporting, according to the International Federation of Accountants.
The UK Financial Reporting Council amended its going concern audit standard to require more work by the auditor. The standard is a response to recent corporate failures and the resulting enforcement actions.
Sponsored by SAP Concur | Ensuring company spend is compliant is a crucial role of the finance team. But how can you be confident you are getting a true view into all spend while at the same time guaranteeing compliance with the UK’s HMRC rules?
John Kuett heads accounting strategy for LeaseAccelerator, the software-as-a-service (SaaS) solution for Enterprise Lease Accounting. He has 20 years’ experience directing companies’ financial reporting and compliance with IFRS 16 and ASC 842. He is an IFRS expert, specialising in topics such as IFRS 15, IAS 16, and IFRS 16 leases.
The UK Financial Reporting Council, which is transitioning its authority to a new regulatory body, announced plans to step up its enforcement and oversight of auditing and corporate reporting.
