IASB Archives - Emile Woolf writes

New face of banking regulation – and about time!

Regulation of the UK financial services industry is now entrusted to a new body with a new name and a new boss. Andrew Bailey, whose signature appears on your banknotes, takes over this month as chief executive of the Prudential Regulation Authority, successor to the FSA. Initial impressions augur well. In his first post-appointment interview […]

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Enhancing banks’ accounting regulation: and about time!

Regulation of the UK financial services industry is now entrusted to a new body with a new name and a new boss. Andrew Bailey, whose signature appears on your banknotes, takes over this month as chief executive of the Prudential Regulation Authority, successor to the FSA. Initial impressions augur well. In his first post-appointment interview […]

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To survive, auditors must raise their game

Have giant corporations outgrown the ability of even the largest audit firms to report safely on their accounts? Complexity, geographical reach, exponential growth in the number and size of transactions leave auditors struggling to do justice to their authentication processes. The greater the size of the client entity, the more that can go wrong. This […]

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Communication rather than jargon: what accounting needs

Like the Holy Grail, convergence of financial reporting standards is an ever-receding goal. We may get there one day. But will a unified framework, even with enhanced consistency and comparability, provide investors worldwide with more intelligible accounts? While the harmonization process treads through interminable conceptual minefields, that key question is easily overlooked. Meanwhile, the range […]

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