The Accounting Standards Board (ASB) has today issued a Reporting Statement ‘The Operating and Financial Review’.
The Reporting Statement has been issued in the light of the Government’s decision to remove the statutory requirement on quoted companies to publish OFRs. Following the repeal of the legislation, the ASB has withdrawn Reporting Standard (RS) 1 ‘The Operating and Financial Review’ and has converted RS 1 into a statement of best practice on the OFR, which is set out in the document issued today.
The European Commission has adopted a Communication setting out its approach to credit rating agencies (CRAs). After various financial scandals and the Resolution on CRAs adopted by the European Parliament in February 2004, calling on the Commission to produce an assessment of the need (if any) for legislative intervention in this field, the Commission considers that the time is right to report back to the Council and Parliament on this issue.
More than perspiration Ask a non-treasurer to list the skills and knowledge associated with the role of the treasurer, and attributes such as numeracy and technical knowledge would feature highly.
Surjit Bhondi, a thirty-four year old Assistant Manager at Lloyds TSB was today announced as the 10,000th student to enrol on the ACT’s qualifications.
Why treasurers should tackle the pension challenge In 1988 the Victoria & Albert Museum ran an advertising slogan “An ace caff with quite a nice museum attached”.
The APB is issuing for public comment this proposed revised International Standard on Auditing (UK and Ireland) (ISA UK and Ireland) 720.
The purpose of the revision is to introduce standards and guidance in respect of the auditor's new statutory reporting responsibilities in relation to directors' reports and operating and financial reviews.
