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Spotlight on UK audit developments
Following the collapse of Carillion, the past year has seen audit moving up the political agenda in the UK. The Competition and Markets Authority (CMA) has recently announced a review of the audit market which could have far-reaching consequences..
Online Published Date:
03 December 2018
Appeared in issue:
21.09 - 03 December 2018
IASB meeting
All eyes interested in insurance accounting were turned towards the most recent IASB meeting to learn about the Board’s deliberations on IFRS 17, the insurance contracts standard. I have divided the coverage of this topic into two parts,..
Online Published Date:
03 December 2018
Appeared in issue:
21.09 - 03 December 2018
IFRS 17 issues
In its most recent meeting, the IASB Board received an update from staff about issues identified through the Transition Resource Group (TRG) and other feedback suggesting that the IFRS 17 may need to be amended. The preliminary discussion saw the..
Online Published Date:
03 December 2018
Appeared in issue:
21.09 - 03 December 2018
Financial Instruments with Characteristics of Equity
by Filipe Alves and Vincent Papa
Online Published Date:
03 December 2018
Appeared in issue:
21.09 - 03 December 2018
Technology and accountants
The impact of technological advances on corporate reporting and audit is an ongoing preoccupation for the accounting profession at the moment and FASB has recently posted an interesting “Outlook” article on the topic on its website. The..
Online Published Date:
03 December 2018
Appeared in issue:
21.09 - 03 December 2018
Further news on IFRS 17
While the IASB has been in discussions about whether it may need to change IFRS 17, in Europe there has been an exchange of letters concerning the endorsement process for the standard.
In 2014, following the recommendations that the late..
Online Published Date:
03 December 2018
Appeared in issue:
21.09 - 03 December 2018
Editorial
At the beginning of November, the UK Financial Reporting Council (FRC) issued a short notice[1] announcing the resignation of Stephen Haddrill as chief executive officer. Mr Haddrill said he would step down from the Board late in 2019: the exact..
Online Published Date:
03 December 2018
Appeared in issue:
21.09 - 03 December 2018