World Accounting Report

For some time now, there have been suggestions that Europe might decide to lead the way in setting mandatory standards for non-financial reporting in order to obtain more transparency and comparability in corporate disclosures. This would be an..

If the European Union (EU) decides to set its own standards for non-financial reporting (NFR), it will need a standard-setting body. Recently, vice president Valdis Dombrovskis wrote to Mr Gauzès, the president of the European Financial Reporting..

The UK regulator has recently announced the results1 of its annual audit inspections. This year, the FRC’s audit inspection team found that only two thirds of the audits were of either a good standard or required only limited improvement, which..

In its July 2020 meeting, the IASB finished discussions on some projects including IBOR reform, and its changes on disclosures of accounting policies. It also discussed its Management Commentary Practice Statement, and extractive industries.Reform..

On 25 June this year, Wirecard, a payments company based in Germany failed; it had debts of €3.2 billion. The German regulator, BaFin, is investigating the circumstances, but it appears that the company used accounting fraud to inflate revenue and..

Following the temporary halt to our normal print and distribution of World Accounting Report due to the coronavirus pandemic, Informa Law is pleased to confirm that the hard-copy publication will begin to be distributed again from 1 January 2021...