NEW international rules that will bring leases onto company balance sheets will be published by the IASB next week.
The long-awaited standard, which has been the subject of much wrangling between international and US standard setters, will bring lease assets and liabilities onto company balance sheets.
The project has been hampered by conceptual differences between the IASB and US counterpart FASB over how leases should be calculated and accounted for as the two bodies attempted to issue a largely converged standard.
Politicians in the EU had also raised concerns that the standard was too geared towards the US, and payed little heed to the views of European standard setters.
Reporting on cultural developments within a corporate is still lacking, according to Grant Thornton
Technology may be advancing, but reporting within the business is still stone-age, according to EY
Assessment of investors’ engagement with company boards is being stepped up, to ensure public companies are well run
The UK's top listed businesses are not exactly beacons of transparent and clear reporting, argues Brett Simnett, and their 'shyness' damages future prospects