The UK’s biggest energy companies have been told to produce clearer accounts and audits to show how they sell power to independent suppliers, or face fines.
Professional bodies have advised member firms whose clients will be affected by the transition to FRS 102 to start gathering data this year to aid the mandatory tr
FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
As audit firms get into gear to plan their December 2013 year-end audits, Steve Collings takes a look at 10 of the most common pitfalls flagged up by file reviewer
The Financial Reporting Council (FRC) has urged the International Accounting Standards Board (IASB) to re-introduce the concepts of prudence, stewardship and reliability to the principles under
Financial reporting is soon to undergo the largest overhaul of its kind in the last 40 years with the disbanding of FRSs/SSAPs and UITF Abstracts and the replaceme
A telecom company has raised concerns about BT's accounting methods, including moving nearly £120m of costs onto customer broadband bills this year.
The Concepts and Pervasive Principles section is probably best described as the ‘backbone’ of how accounting standards are established, maintained and subsequently