The FT reports: The failure of Anglo Irish bank, the lender at the centre of the country’s financial crisis, would “bring down” Ireland, the country’s
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IFRS failed UK banking because accounts “were unreliable for capitalism as they did not show the capital”
I’ve just posted on Tim Bush’s claim that the application of International Financial Reporting Standards in the UK left the accounts of UK banks so
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UK bank accounting rules ‘fatally flawed’
There’s a long article in the Telegraph this morning under the above title. The article refers to the work of UK chartered accountant Tim Bush
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Is the IFRS for SMEs fit for purpose in the UK?
I note there is a debate going on at AccountingWEB on the suitability of IFRS for use in the UK, and especially with regard to
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G20 demands more involvement from stakeholders in the IASB – but will they listen?
The G20 finance minister’s communiqu?© says: We expressed the importance we place in achieving a single set of high quality, global accounting standards and urged
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New briefing – the benefits of country-by-country reporting
When in Norway earlier this week I was asked what the benefits of country-by-country reporting are. It was a good question. It deserved a full
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New briefing sheet – who are the users of accounts?
A new briefing sheet on who might be considered the users of accounts has been published by Tax Research LLP today. It’s available here. The
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Accountancy is political – and owes a duty of care to governments
I took part in a fascinating debate in Oslo yesterday. Unfortunately as the discussion was under Chatham House rules (for all bar me — I
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For GAAP read CRAP
There’s much discussion today about whether the alleged professional negligence by Ernst & Young with regard to the audit of Lehman Brothers — where it
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