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Posted on February 2nd, 2012
The Accounting Standards Board (ASB) of the Financial Reporting Council has today published financial reporting exposure drafts (FREDs) 46 to 48 setting out revised proposals for the future of financial reporting in the UK and Republic of Ireland. The revised proposals recommend: a.replacing all current accounting standards with a single FRS. The ASB is proposing [...] Posted on January 10th, 2012
The Accounting Standards Board (ASB) of the FRC and the European Financial Reporting Advisory Group (EFRAG) have published a paper in order to solicit views on how the financial reporting of income tax could be improved. Tax is an important expense for most companies, and transparent and complete financial reporting is complex because [...] Posted on July 14th, 2011
The Accounting Standards Board (ASB) of the FRC has published amendments to FRS 29 (IFRS 7), ‘Financial Instruments: Disclosures,’ adding requirements to that standard in relation to disclosures on transfers of financial assets. The amendments enhance the information currently provided in financial statements in relation to risk exposures arising from transfers of financial [...] Posted on April 12th, 2011
The Accounting Standards Board (ASB) of the FRC has today published a report – Cutting Clutter: Combating clutter in annual reports. Clutter in annual reports is a problem, obscuring relevant information and making it harder for users to find the salient points about the performance of the business and its prospects for [...] Posted on March 8th, 2011
The Accounting Standards Board (ASB) of the FRC has published a Financial Reporting Exposure Draft (FRED) for public comment aimed at improving the disclosures on transfers of financial assets. The proposals amend the disclosure requirements in FRS 29 (IFRS 7) ‘Financial Instruments: Disclosures’. They incorporate new disclosure requirements that would help users of [...] 3 pages
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