Following the “carve outs” in the version of IAS 39 ‘Financial Instruments: Recognition and Measurement’ adopted by the European Commission in November, the UK’s Accounting Standards Board (ASB) has issued guidance for entities in the UK and the Republic of Ireland preparing their financial statements in accordance with EU adopted IFRS. The guidance addresses the parts of IAS 39 that have been carved out and the fact that certain items in the Companies Act 1985 or equivalent national legislation continue to apply to the relevant entities. The guidance covers hedge accounting, fair valuing of financial assets and fair valuing of financial liabilities as well as transitional arrangements.
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.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.