Financial reporting

Recent changes to the rules governing solicitors' client accounts could cause trouble for law firms and the accountants who prepare regulatory reports on their accoun


The Commons Public Accounts Committee (PAC) has described government estimates showing £10.9bn written off in unpaid tax 


The Accounting Standards Board (ASB) has re-exposed revised proposals for the future of financial reporting


New bank accounting rules are needed to avoid another financial crisis, according to the Bank of England's director of financial stability Andy Haldane.

2012 will hopefully see a breakthrough in the progress towards changing UK GAAP.  Although many practitioners are not in favour of the change, the Accounting Standards Board (ASB) is working ha


Big Four firm PricewaterhouseCoopers was hit this week with a £1.4m fine and a minimum of £22,051 in costs for disciplinary failings it admitted in its role as auditor for JP Morgan Securities (JPM


Professional regulation and reform has been one of the hot topics in 2011, reports Robert Lovell.

David Cameron set the tone for the year when he told entrepreneurs at the launch of the 


The Accounting Standards Board (ASB) and the European Financial Reporting Advisory Group (EFRAG) have published a discussion paper to solicit views on improving the financial reporting of incom

Before the introduction of accounting standards governing the accounting requirements for provisions, companies were quite able to ‘massage’ the profits (or losses) and report figures which wer