The European Commission (EC) has adopted the consolidated text of all International Financial Reporting Standards (IFRS) in force in the European Union (EU). The consolidated version puts together all IFRS endorsed to date, including the latest amendments endorsed on 15.10.2008. It will enable stakeholders to refer to only one single legal document. This is an important element of the EC simplification programme aimed at reducing the administrative burden on EU businesses. Internal Market and Services Commissioner, Charlie McCreevy, said: “The consolidated text will make a practical difference to IFRS users in the EU, who can now refer to one single document in their own language, and to EU businesses, whose administrative burdens will be reduced. It is an important part of the Commission’s simplification programme and an important practical step in making EU legislation accessible to businesses and citizens.”
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.