The IASB has posted to its website a new batch of ‘Editorial Corrections to IFRSs’.
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 …
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.
The proposed overhaul of UK GAAP is considered to be the most dramatic change for decades. There is no doubt that the proposals would have a significant effect on businesses, which currently apply UK FRSs. This article sets out the main areas of impact…
The Forum met in March 2011 and, along with a progress report on the EC Green Paper on Audit Policy: Lessons from the Crisis and the FRC consultation on effective company stewardship, it discussed two issues: progress on the project on What makes finan…