Archive for June, 2011

1 July 2011: Changing of the guard at the IASB

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1 July 2011 sees the changing of the guard at the IASB. Sir David Tweedie’s ten-year tenure as Chairman came to an end and a new Chairman took over. To mark this event IAS Plus brings its readers an exclusive and extensive interview with Hans Hoogervor…

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30 June 2011: SEC Commissioner backs IFRS adoption, discusses possible ‘opt out’ for issuers

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United States Securities Exchange Commission (SEC) Commissioner Kathleen L. Casey has supported the adoption of IFRS in the United States in a recent speech. Ms Casey also discussed the possibility of an ‘opt out’ for issuers, perhaps on a permanent b…

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29 June 2011: Latest batch of editorial corrections to IFRSs released by the IASB

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The IASB has posted to its website a new batch of ‘Editorial Corrections to IFRSs’.

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Raising the audit exemption threshold

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The Department of Business, Innovation and Skills announced that the government will amend the Companies Act to bring small company audit rules in line with the EU minimum in 2012 and to relax the audit and accounting rules for medium-sized businesses …

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Making use of ES-PASE

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An area where we commonly see problems when reviewing files is the provision of non-audit services and the documenting of the safeguards applied under APB Ethical Standards.

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