December 12, 2009
Tax and Ethics
I was more than a little taken aback reading AccountancyAge’s interview with Stephen Hadrill, the newish head of the FRC: …the priority for us has to be that we are prepared for the worst and that is where I will put my focus,” he said. The worst, according to Haddrill, is the global collapse of [...]
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May 21, 2009
Tax and Ethics
Richard Murphy uses a Daily Telegraph report as the basis for suggesting that IASB has effectively thrown the principle of prudence out the window. I was surprised when I read the DT piece which asserts: Some believe the IFRS regime was the crucial factor that allowed banks to get out of control, overstating their profits, [...]
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