Financial Reporting
| Use attributes for filter ! | |
| Google books | books.google.com |
|---|---|
| Originally published | 1986 |
| Authors | David Alexander |
| Anne Britton | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2114258 |
About Financial Reporting
"The seventh edition of this text, Financial Reporting, combines financial accounting theory with a detailed examination of the legal and regulatory framework of accounting. . . .
Carillion: Record fine for KPMG over 'exceptional' failure
... The Financial Reporting Council, which regulates accountants, said the £21m fine was due to the " number, range, and seriousness" of issues in KPMG s work...
Credit Suisse bank: UBS said to be in takeover talks with troubled rival
... Shares in Credit Suisse have fallen sharply in recent days after it said it had found " material weakness" in its Financial Reporting...
Credit Suisse shares hit as investor fears reignite
... Earlier this week, it rattled investors when it admitted that it had found " material weakness" in its Financial Reporting, while its biggest shareholder - the Saudi National Bank - said it could not inject further funds into the Swiss lender...
Asia markets fall as global banking fears widen
... Shares in the bank plunged after it found " weakness" in its Financial Reporting...
Stock markets hit again by banking worries
... " Credit Suisse s shares slumped after it revealed on Tuesday that its auditor, PwC, had identified " material weaknesses" in its Financial Reporting controls...
Thomas Cook refund website looks with 60,000 claims on day one
... The Financial Reporting Council, the accounting watchdog, is also investigating the auditing of the company...
Thomas Cook: Final return flights touch down
... The Financial Reporting Council, the accounting watchdog, is also investigating the auditing of the company...
Patisserie Valerie's managers rescue chain
... Also under investigation, by the Financial Reporting Council, are former Patisserie Valerie auditors Grant Thornton...
Stock markets hit again by banking worries
By Simon ReadBusiness reporter, BBC News
Banking shares have fallen sharply again as investors remain nervous following the collapse of Silicon Valley Bank (SVB) in the US last week.
The failure of SVB has raised fears that other banks could also be facing problems.
Shares in Swiss banking giant Credit Suisse hit a New Low after they plunged by 20%.
The Fall came after Credit Suisse 's largest investor said it could not give The Bank any more financial help.
Share indexes across Europe - including the UK's FTSE 100 - were down by about 2. 5% by mid-morning.
The FTSE 100 has fallen 6% in The Past week to reach a three-month low.
" Investors remain nervous about what might be lurking in The Shadows , " said Russ Mould , investment director at Aj Bell .
" It's no wonder that investor sentiment remains cautious towards the big banks given that credit agency Moody's downgraded its outlook on the US banking system to 'negative'. "
Credit Suisse 's shares slumped after it revealed on Tuesday that its auditor, PwC, had identified " material weaknesses" in its Financial Reporting controls.
That prompted major investor the Saudi National Bank to say it would reject calls to inject further funds into The Swiss lender.
The wider problems in the banking sector began last week with the collapse of SVB, the US's 16th-largest Bank .
The Bank - which specialised in lending to technology companies - was shut down by US regulators on Friday in what was the largest failure of a US Bank since 2008.
SVB's UK arm was snapped up for £1 by HSBC.
In The Wake of the SVB collapse, New York-based Signature Bank also went bust, with the US regulators guaranteeing all deposits at both.
But fears have persisted over The Fallout from the collapse and trading in Bank shares has been volatile This Week .
On Monday, trading was temporarily halted in several smaller US banks as shares slumped, although Tuesday saw stock prices rebound.
However, credit ratings giant Moody's has warned of more pain ahead for the US banking system.
On Tuesday, it cut its outlook for the sector to " negative" from stable, warning of " a rapid deterioration in the operating environment".
" The worry is that banks sitting on large unrealised losses in their bond portfolios might not have sufficient buffers if there is a fast withdrawal of deposits, " said Susannah Streeter , head of money and markets at Hargreaves Lansdown .
" Although the biggest players are judged not to be At Risk , thanks to the chunky layer of capital they are sitting on and the stable nature of their deposits, the nervousness is palpable. "
Related TopicsSource of news: bbc.com