Saturday, September 10, 2011

Business and investors to thrash out accounting issues

The Financial Reporting Council will launch the Financial Reporting Lab on 14 October; it will operate as an enabling service, allowing businesses, their investors and advisors to come up with solutions to accounting anomalies or variances showing up in financial reporting.

"It [will be] a safe environment for companies and investors to identify bugbears in reporting and come up with a grounded and pragmatic solution," said lab spokeswoman Alison Thomas.

See full Article.