There were 43 Australian listed companies that failed to notify shareholders about the remuneration report vote that was introduced as part of other company law changes and applied to most firms for the first time in the 2005 AGM season, according to the Australian Securities & Investments Commission (ASIC). Jeremy Cooper, ASIC’s deputy chairman, said […]

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A survey of 75 fund managers has revealed that this year’s adoption of International Financial Reporting Standards (IFRS) has already begun to affect investment decisions according to PricewaterhouseCoopers (PwC).  The results show that 47% said information reported under IFRS had direct influence on decisions, 29% that it had influenced their decisions to move their investment […]

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The UK’s Auditing Practices Board (APB) has decided to defer its revision of the International Standard on Auditing (UK and Ireland) 700 (ISA 700) on the auditor’s report on financial statements, which it published for consultation in December 2004. It believes that forthcoming changes to UK company law, the revision of the EU’s 8th directive […]

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European internal commissioner Charlie McCreevy recognised that the current early stages of adoption of International Financial Reporting standards (IFRS) raised challenges in application and interpretation speaking at a recent European Federation of Accountants’ seminar on IFRS. In particular, he said there needed to be broader arrangements for consistent application at company level, and McCreevy mooted […]

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