Overview of Isle of Man’s implementation of OECD Pillar 2 global minimum tax rules.
Boost audit credibility and performance with an external quality assessment. Discover how EQAs drive continuous improvement and align with IIA standards.
On 27 March 2024, the Financial Reporting Council issued amendments to FRS 100 – 105 (known as GAAP, or Generally Accepted Accounting Practice), a suite of accounting standards applicable in the UK and Ireland. These are used by an estimated 3.4 million businesses in preparing their financial statements.
Acquisitions of businesses can take many forms and can have a fundamental impact of the acquirer’s operations, resources and strategies. These acquisitions are described in many ways depending on the underlying facts and circumstances: mergers, takeovers and business combinations are all terms that are used, and the accounting and disclosure requirements for all of them are set out in IFRS 3 ‘Business Combinations’.
Risk management is again on top of the agenda, as many Boards and senior leadership teams seek to re-evaluate their approach to risk management on a truly enterprise basis.
Now is the time for leaders to consider the trends that are impacting people and performance, and make a plan that works for their organisation.