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Friday Footnotes: Bob Moritz Disappoints Us; ERC Window Slamming Shut; 2024 Sucks For Firms? | 3.22.24

Going Concern

Day Named Technical Director of the Financial Accounting Standards Board [ FASB ] The Financial Accounting Standards Board (FASB) on March 20 announced the appointment of Jackson M. Mr. Day has spent most of his 38-year accounting career at EY, which he initially joined in 1986 on the audit staff in St.

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Aussie Auditors’ Role In Reverse Factoring Disclosure Questioned

PYMNTS

Several high-profile corporate collapses and initiatives from corporate accounting standard-setters have raised questions about businesses’ use of supply chain finance and whether the trade finance tool prevents investors and auditors from gaining a transparent view into company finances.

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Business Leaders Chosen To Scrutinize UK Accounting Watchdog

PYMNTS

M&G chief executive Anne Richards, HM Treasury non-executive director and deputy chair of Kinnevik Amelia Fawcett, and former audit partner at PwC and former chair of the Accounting Standard Board Mary Keegan are all on the panel. lender HBOS and, more recently, the collapse of government construction contractor Carillion.

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Top accounting issues in 2023

ThomsonReuters

Deliver accounting and compliance news alerts so practitioners are regularly provided critical accounting, audit, and corporate finance developments, along with expert analysis. The lease accounting standard became effective in 2019 for public companies.

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The UK’s Damning Carillion Report: The Spark For Change, Or An Unanswered Call?

PYMNTS

Since the collapse of Carillion , once the nation’s second-largest construction company and a massive government supplier, fingers have been pointed in all directions. The report is urging “radical reforms to our creaking system of corporate accountability” to avoid a repeat – but calls for action are not new.

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