Accountancy

ASB welcomes paper on financial reporting for insurance

04 May 2007
The Accounting Standards Board (ASB) has come out in support of a new discussion paper on accounting for insurance contracts, published by the International Accounting Standards Board (IASB).

ICAEW to publicise hearings

03 May 2007
The Institute of Chartered Accountants in England and Wales (ICAEW) has decided to open up its tribunal hearings to the press and the public, reports Accountancy Age.

UK insolvency regs 'must change'

02 May 2007
If the UK does not alter its insolvency rules then London will be in danger of losing its position as a world financial hub, the European High Yield Association (EHYA) has warned.

FSA told to shape up

02 May 2007
The Financial Services Authority (FSA) has been told in no uncertain terms by the National Audit Office (NAO) that it must do a better job at controlling its expenditures.

PwC finds fault in Swansea's outsourcing

01 May 2007
Big 4 firm PricewaterhouseCoopers (PwC) has found fault with Swansea City Council's £83 million outsourcing deal.

E&Y: Companies to invest in internal controls

01 May 2007
The majority of the largest companies in the world are planning investing in internal controls, according to a recent survey from the Big 4 firm Ernst & Young (E&Y).

Merger of firms aims to challenge the Big 4

30 April 2007
The merger of Grant Thornton and RSM Robson Rhodes will result in a new company that will challenge the dominance of the Big 4, according to the bosses behind the deal.

Ernst & Young will 'withstand globalisation'

27 April 2007
The new chairman of the Big 4 accounting firm Ernst & Young has stated that the firm will withstand globalisation in the future, reports Accountancy Age.

Beijing Olympics enlists PwC

27 April 2007
Big 4 accountancy firm PricewaterhouseCoopers Zhong Tian CPAs is to supply accounting services for the Beijing Olympics.

SEC allows choice between IFRS or US GAAP

26 April 2007
The US Securities and Exchange Commission (SEC) is to give permission for foreign companies listed in the US to choose between using the International Financial Reporting Standard (IFRS) or the US generally accepted accounting principles (GAAP).

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