Issues of account

Article Abstract:

The Accounting Standards Committee (ASC) of the Institute of Chartered Accountants of Scotland (ICAS) exists to provide comments on documents by the Accounting Standards Board (ASB) and other important issues, and to give adviseand support ASB. The committee met four times in 1992. Discussions included theICAS proposal to extend the scope of the Financial Reporting Review Panel, and the difficulties in resolving revenue recognition principles and definitions offigures in the balance sheet. The ICAS group also proposes the exposure and explanation of ASB papers in CA News and PQE courses in order to avoid confusion. ASC also assessed and commented on documents including ASB discussion papers, ASB exposure drafts and IASC exposure drafts.

Accounting Standards Committee

---

Assessor's responsibilities in MCRV

Article Abstract:

A working party of the Institute of Chartered Accountants of Scotland (ICAS) has taken the approach toward outlining the responsibilities of assessors through 'Making Corporate Reports Valuable' (MCRV). Radical proposals made by the ICAS research committee on enhancing the usefulness and clarity of company accounts are embodied in MCRV. In a preliminary report, the working party emphasized that the reports of auditors, who are called assessors in MCRV, should enhance the value of corporate reporting. Assessors are in the position to increase report value since the manner of auditing company accounts was a primary consideration of MCRV.

Planning, Corporation reports, Company reports

---

Similar abstracts:

• Abstracts: VDU health and safety: the rules. Put it in writing. New bill imposes 'strict' liability
• Abstracts: Playing with a full deck. Memories of Guyana. Breaking the mould
• Abstracts: The band that's a brand: The Grateful Dead line of products. Disposing of the green myth
• Abstracts: Sixties: not so sound. The tightrope of valuation. Occupational hazards
• Abstracts: Interim managers. Gambles aren't guaranteed

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.