Financial and Accounting News

• March 24, 2013 UK Local GAAP Replaced with New Standard It is indeed a fact that the United Kingdom’s local GAAP will have retired, come 1st January 2015. That is because the United Kingdom’s FRC (Financial Reporting Council) has published a new standard, the FRS 102, w ...
• March 2, 2013 Monitoring Board of IFRS Declares new Criteria for Membership In the board meeting of IFRS Foundation that took place in Brussels this month which also included Michel Prada, the chairman of IFRS for discussing about foundation funding and creating the Accounting Standards Advisory ...
• March 2, 2013 Short Consultation on Micro-Entities Accounting Issued by BIS The Department of Business on February 27 announced a short consultation on the plans for putting into practice the new EU-led rules for the accounting of micro-entities. This mainly focuses on plans relating to ...
• February 27, 2013 Employee Burnout is Becoming Common in many Companies In a new survey, it is found that accountants are losing interest in their work and employee burnout is becoming more and more common. As the year-end nears, the matter is becoming all the more difficult for accountants ...
• February 27, 2013 Express Scripts Claimed Trade Secret Theft by E&Y and its Partner Express Scripts, one of the clients of Ernst & Young has sued the accounting firm’s New York arm and one of its partners in US for the alleged theft of their trade secrets and their important and confidential ...
• February 27, 2013 What does it take to become a finance analysist? Here at Ready Ratio, our intelligent technology can provide complete financial analysis of your business statements. We provide detailed and unique conditional comments, as well as tables, diagrams and a summary of what ...
• February 25, 2013 Things to be Remembered before Buying Accounting Software Solutions It is important to know your business processes thoroughly, before you make preparations for compiling your need analysis for opting for the latest accounting software solutions. There are three important areas that you ...
• February 25, 2013 Audit Market may Require Change-Suggests CC The recent findings of Competition Commission has suggested that the dominance of the Big Four audit companies may lead to certain changes in audit, though these are preliminary findings but whatever the report ...
• February 23, 2013 Competetion Comission Suggests Audit Market is not Focusing on Shareholders The Competition Commission suggests in their provisional report regarding audit market that due to the limits on competition, switching auditors have become difficult for companies. According to them, the auditors focus ...
• February 23, 2013 Claims of CC Dismissed by the Big Four The Competition Commission has suggested that the audit market is not functioning as it should be and the reason for this is attributed to the Big Four. The CC states that the auditor concentrates more on the management ...