Proposal to restore confidence in financial reporting
It may not be necessary to amend UK company law in light of international standards, but it does offer reassurance, writes Peter Wyman, head of professional affairs at PricewaterhouseCoopers.
Accounting standards
Resources
After the first year of implementation of International Financial Reporting Standards, there are signs of a backlash. Get the latest news on this developing story, plus read a briefing on IFRS, our weekly Accountancy Column and join the debate in our online discussion forums.
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Account changes frozen to 2009
The International Accounting Standards Board will unveil its most significant attempt yet to address complaints that it is out of touch with users and propagating new rules too quickly.
New valuation approach divides life assurers
Method could cut profit from new policies
KPMG warning on new insurance proposals
Changes could have ‘unexpected’ outcome
Brussels resolves IASB dispute
EU accepts new version of IAS 39
Europe urged to be cautious on US change
Commission warned against loosening reporting demands on US companies
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International accounting convergence is a necessary but difficult project. It will be a shame if, at this critical moment, standard-setters undermine companies' support for a set of workable international standards.
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