Accountants ready to put their house in order

Article Abstract:

Reorganization is having a significant impact within the UK Institute of Chartered Accountants. It has now been agreed that the organization's chief executive should be an accountant, and efforts are being made to establish a more focused structure. However, this does not mean that there will be extensive redundancies among the around 500 employees. Increased attention will be given to the key role of education and training, but current president Chris Laine is also keen to see the organization offer a better standard of service to its members.

Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Business Associations, Trade Associations, Services, Accounting firms, Accounting services

---

Reluctant suitors for an arranged marriage

Article Abstract:

The UK's six accountancy bodies have been unable to agree on a scheme for a full-scale merger, and the proposal has now been dropped by the Consultative Committee of Accountancy Bodies. However, the organisations have at least been forced to consult their members, many of whom seem to be in favour of rationalisation. The Consultative Committee will now undertake a review of the profession, while talks will continue between the Institute of Chartered Accountants in England and Wales and the Chartered Institute of Management Accountants.

---

'Big bath' time is running out

Article Abstract:

The UK Accounting Standards Board believes that many companies abuse their ability to make provisions. In many cases, they make a very high provision which is later returned to the profit and loss account. The board is now aiming to put an end to the abuse of provisions by taking action against provisions for a 'big bath.' Under planned new regulations, provisions would be permitted only if the board of a company has to go ahead with expenditure on essential items such as redundancies.

Accounting Methods, Planning, United Kingdom. Accounting Standards Committee

Similar abstracts:

• Abstracts: Schooled to show his mettle in the bond trade. Rise and shine in Japan. Stock growth through cross-border consolidation
• Abstracts: A compact scheme to catch them young. Academic battle of the sexes. A rocket scientist takes off in the garden of England
• Abstracts: Nato pours in new firepower. Besieged Nato rejects Serb 'ploy.'. UN forum on Afghanistan's future set for Berlin
• Abstracts: House-hunting for couch potatoes, or how to get a mouse to do the walking. It's high noon in the leafy suburbs
• Abstracts: Back to the future as Italians reclaim their honour. Andreotti to face trial on Mob links. Supergrasses target Andreotti

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