Japanese company Kobe Steel this week said it had received a request from US judicial administrative authorities for documents following its admission earlier this month that the company had been falsifying data about its metal products for several years and
Truck manufacturer Scania, a subsidiary of Volkswagen, was the final truck manufacturer to be fined recently for being part of a cartel with five other firms by the European Commission. The other truck-makers settled with the Commission last year.
The quality and quantity of dividend policy and practice disclosures have improved in the UK, according to a study conducted by the Financial Reporting Council’s (FRC) Financial Reporting Lab.
The study examined how companies had responded to the Lab’s earlier …
Read MoreAIM-listed Real Good Food has admitted to not disclosing payments to directors in its related parties transaction notes within its annual reports for three financial years from 2014 to 2016.
These notes should have revealed the payment of consultancy fees …
Read MoreThe UK’s Financial Reporting Council (FRC) has argued that it needs more powers to take enforcement action against directors so that it can investigate and prosecute all directors for financial reporting breaches and associated issues of integrity, rather than only …
Read MoreTax transparency campaigners are looking to the European Parliament to continue to have a strong stance on public tax disclosure after EU member states agreed in December on a position that weakened European Commission proposals contained in the latest draft …
Read MoreThe International Organization of Securities Commissions (IOSCO), which represents global financial regulators, has published a statement on implementation of new accounting standards related to revenue, financial instruments, and leases.
The three new International Financial Reporting (IFRS) Standards, issued by …
Read MoreNew research from the CFA-UK, the membership association of financial analysts, highlights aspects of financial reporting in annual reports which investors feel need to be improved.
CFA-UK members were asked to rank the sections of annual reports by their …
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