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Popular News
UPDATE 1-UK clears energy firms' accounting over price rises
(Adds Ofgem aims last two paragraphs) LONDON, Jan 31 (Reuters) - A forensic review of UKenergy companies' accounting practices has found no evidence offinancial irregularities aimed at justifying steep ...

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Former UBS trader pleads not guilty to charges of fraud and false accounting in UK court
Former UBS trader pleads not guilty to charges of fraud and false accounting in UK court.

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'Less revolutionary" UK accounting changes welcomed
SENIOR ADVISORS have welcomed the "less revolutionary" changes to the UK's accounting standards.

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UK clears energy firms' accounting over price rises
LONDON (Reuters) - A forensic review of UK energy companies' accounting practices has found no evidence of financial irregularities aimed at justifying steep rises in retail gas and electricity bills last year, regulator Ofgem, which commissioned the study, said. A string of double-digit price increases, announced in the summer of 2011 by utilities, helped drive UK inflation to a three-year high ...

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E&Y: UK finance executives unprepared for global accounting rules
UK finance executives are unprepared for major changes to international financial reporting standards, according to a survey from Ernst & Young (E&Y).

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SME accounting should retain UK GAAP aspects
THE ACCOUNTING REGULATOR has revised proposals for future financial reporting in the UK.

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ABI wants cover for insurance accounting
AS THE ASB's new UK GAAP proposals don't cover insurance accounting, it is consulting separately on the direction in which to go.

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Britain to urge green accounting at Rio+20 summit
LONDON (Reuters) - Britain will urge businesses and governments to start accounting for natural capital as an additional way of measuring economic activity at a U.N. sustainability summit in June, its environment minister said on Thursday. This could mean moving towards a concept of GDP+, or measuring the use or loss of natural resources like water, agriculture and forests to gauge economic ...
 
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UK to press for global green accounting system
Britain will be pressing for governments everywhere to adopt "green accounting", formally putting a value on environmental assets such as forests as much as on economic output, at a major world conference on sustainable development to be held in Brazil in June.
 
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Barclays criticised over accounting practices
Barclays' bonus pool is not the only part of its results that has riled investors: the bank's accounting practices have caused controversy too.
 
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