Here at the AIA we are acutely aware of the potential day-to-day stresses and strains which can be placed on our members in the accountancy profession; especially at this busy time of year. With this in mind AIA is pleased to provide you with this insightful article from our strategic partner SmartVault, which outlines 7 ways to add mindfulness into your workday.
The Financial Reporting Council’s (FRC) Financial Reporting Lab has published a report on ‘Accounting policies and integration of related financial information’, which provides valuable insight for companies on what investors want from accounting policy disclosures and where they should appear in financial statements.
The International Accounting Standards Board (IASB) today completed the final element of its comprehensive response to the financial crisis by issuing IFRS 9 Financial Instruments. The package of improvements introduced by IFRS 9 includes a logical model for classification and measurement, a single, forward-looking ‘expected loss’ impairment model and a substantially-reformed approach to hedge accounting. The new Standard will come into effect on 1 January 2018 with early application permitted.
HM Revenue and Customs (HMRC) is today giving around 16,000 tax avoidance scheme users the opportunity to pay the tax they owe or risk facing bigger tax bills and heavy legal costs.
The Pensions Regulator’s automatic enrolment: commentary and analysis report 2013-14, published 17 July 2014, shows that 99% of the UK’s largest employers met their legal duties without the need for the regulator to use its statutory powers.
The Pensions Regulator has a communications plan in place for writing directly to all small employers over the next four years.