World Accounting Report

FASB

IASB

In Europe, there is a legal process for the adoption of international standards into law, and one of the key steps in this process is that the EFRAG, adviser on financial reporting issues to the EC, provides a formal opinion on whether a standard..

The answer to the above question given by the UK’s Financial Reporting Council (FRC) is a resounding “yes”. It has recently published a discussion paper1 setting out radical proposals to redesign corporate reports according to a..

Just as this month’s edition of the WAR is being finalised for publication, we have the news of a new President elect in the US. It seems that the whole world was in suspense waiting for the election result. While those of us following more..