The European Commission terminated a €149,800 (£123,391) joint contract it awarded to Mazars and the ICAEW to investigate the impact of IFRS in the EU after just a month.
The principles underpinning international financial reporting standards (IFRS) need to be more practical and easier to understand, the Institute of Chartered Accountants of Scotland (ICAS) has
Accountants have welcomed changes in accounting rules to "hedge" accounting for when companies try to mitigate against currency fluctuations. Nick Huber reports.
The International Accounting Standards Board (IASB) has published proposed changes to IFRS for small and medium-sized businesses
Charities receive billions of pounds in donations each year but their rules vary.
Over the past decade the discussion has intensified around moving towards a more uniform global language for financial reporting.
The International Accounting Standards Board (IASB) and its US counterpart the FASB have agreed parts of a new accounting standard for eevenue recognition - although a final version is not expe