The Euro-Associations of Corporate Treasurers (EACT) has made public its annoyance over the IASB’s refusal to implement its proposed changes to IAS 32 and 39. Following a meeting in May – during which the Association adopted its 2003 report – the EACT noted: ‘We regret the IASB’s rigid attitude which leads them to ignore our proposals. On the basis of the latest drafts, we recommended their refusal to the European Commission.’ The EACT maintains its suggestions would lighten the administrative and costly burden fair value accounting could place on companies. At present, EU listed companies are expected to adopt new international accounting standards by 2005. Separately, the EACT offered its participation and support of the draft on the Code of Standard Practices for Participants in the Credit Rating Process and of the STEP report issued by Euribor-ACI.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.