FRC publishes consultation on UK Corporate Governance Code
The Financial Reporting Council (FRC) is consulting on its two-yearly review of changes to the UK Corporate Governance Code following earlier consultations on directors’ remuneration (October 2013) and risk management, internal control and the going concern basis of accounting (November 2013).
For further details on the consultation and to access the consultation paper, please click here....
IASB Staff Paper on Insurance Contracts
The IASB staff has prepared a staff paper discussing where and how the proposals in the Exposure Draft (ED) 'Insurance Contracts' would change as a result of the IASB’s tentative decisions to date. It reflects tentative decisions of the IASB made through March 2014.
The points which have been re-deliberated to date since the ED are:
Adjusting the unearned profit from insurance...
IPSASB responds to Review Group consultation paper on its governance
The International Public Sector Accounting Standards Board (IPSASB) has submitted to the IPSASB Governance Review Group its response to the public consultation paper on the Future Governance of the IPSASB.
The response includes unanimous support for establishing separate oversight for the IPSASB under the auspices of IFAC, on the basis that it would meet all of the characteristics for strong public interest...