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IAASA publishes proposed Policy Paper on Publication of Financial Reporting Enforcement Activities
IAASA has today published its proposed Policy Paper on Publication of Financial Reporting Enforcement Activities (‘Policy Paper’). Regulations amended by the Minister for Jobs Enterprise and Innovation, Richard Bruton TD, on 9 February 2015 allow for greater transparency by IAASA in reporting its financial reporting enforcement activities. This is in particular where infringements of the relevant reporting framework have been identified. IAASA is...

FRC seeks strengthening on review of Audit Firm Governance
The Financial Reporting Council (FRC) today (21 May) issues its Review of the implementation and operation of the Audit Firm Governance Code. It considers the progress made in terms of governance of UK audit firms following the Code's implementation, and seeks feedback on strengthening the Code to put more focus on the public interest in and governance of audit work within...

Deadline for making Personal Fund Threshold applications
The closing date for making Personal Fund Threshold (PFT) applications is 2 July 2015 with no provision for late applications. The system will not be available after 2 July 2015.  For Defined Benefit Schemes, the statements must show the actual calculation of the accrued benefit at 1 January 2014, calculated in accordance with the legislation, and not the prospective benefit that...

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Family Business book coverRecommended Reading
Family Business - A Survival Guide
By Kieran McCarthy

Family businesses can be found in every sector of the economy, in all shapes and sizes. Regardless of size, however, running a successful family business brings unique challenges which can affect its chances of survival and the transition to the next generation.

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