The Professional Oversight Board for Accountancy (“POBA”) was set up pursuant to the Companies (Audit, Investigations and Community Enterprise) Act 2004, itself the Government’s response to a series of corporate scandals that shook investor confidence in company reporting and enforcement.  The Government has delegated to POBA its own powers to oversee and monitor audit regulation […]

My August 2006 article on the IFRS convergence fiasco generated emails indicating that mine is not a lone voice in questioning the direction that financial reporting standards are taking.  I am prompted to revisit the topic from a transatlantic perspective after reading recent papers by Ross L Watts of Sloan School, MIT, and Roy Ball […]