By All Accounts: July 2018
In this issue we highlight the reasons behind Carillion's collapse, Triennial review amendments to FRS 102, look at digital reporting's popularity over the years, APMs and filing problems.
Cover story: Cryptocurrencies: a digital dilemma
David Lyford-Smith, Peter Drummond, Peter Mandich and John Liver discuss how cryptocurrencies work and why they pose such a dilemma for accountants, auditors and regulators.
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An interview with Robin Freestone
Robin Freestone, former chief financial officer of Pearson, talks to Nigel Sleigh-Johnson and Sally Baker about his approach to career success, the quality of annual reports, and how it all started with a yellow Porsche.
Carillion: Reporting under the spotlight
Kathryn Cearns OBE considers the reasons behind Carillion’s collapse.
Jake Green considers the practical challenges companies face in applying IFRS 16.
FRS 102 improvements
Marianne Mau outlines some of the improvements made to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland as a result of the Triennial review 2017 amendments.
A short history of the digital reporting future
Thomas Toomse-Smith of the Financial Reporting Council’s Financial Reporting Lab looks at some of the history of digital reporting and why it’s all about to change.
Alternative performance measures
Alison Thomas considers how companies can ensure their alternative performance measures reflect their culture in a positive light.
Filing small and micro-entity accounts
Sarah Dunn of the Financial Reporting Faculty considers some of the quirks of the new filing regime for small and micro-entities.
Henning Diederichs considers the debate around social benefits and why they haven’t affected government debt, until now.
Back to the future
Alison Dundjerovic sets out the faculty’s latest thinking on the future of corporate reporting and provides an update on recent thought leadership activities.