Connect with us

International

Appointed Chairman of the UK Accounting Standards Approval Committee

 



The chairman appointed to lead a new board of directors that will approve and adopt international accounting standards at the end of the transition period is using international accounting standards in more than 125 countries. Will ensure that you can. Key role in the global development of these standards

Pauline Wallace has been appointed Founding Chair of the UK Accounting Standards Endorsement Board (UKEB).

The UKEB was set up to endorse and adopt new or revised international accounting standards on behalf of the UK at the end of the transition period.

The board will conduct research to bring the UK to the fore in developing opinions in the field of accounting. We will also actively contribute to the development of financial reporting internationally so that we can effectively express the UK’s views in this important area.

International accounting standards are used in more than 125 countries, including all G20 countries, to increase the transparency, accountability and efficiency of capital flows between countries.

It also facilitates cross-border investments by making it easy to compare accounts from multiple jurisdictions.

The UKEB will enable the UK to continue to play a leading role in international financial reporting and enable the UK to maintain its position as home to one of the most powerful capital markets in the world.

Lord Callanan, Minister of Corporate Responsibility, said:

Effective international accounting standards support important global investments.

The new UK Accounting Standards Approval Board will continue to maintain a say in how these standards are set, helping to make our country the best place in the world to start and grow business.

Pauline has a wealth of experience and knowledge in the field of accounting in the UK and is pleased to appoint her to this important role.

Pauline Wallace, chairman of the UK International Accounting Standards Approval Committee, said:

This is an important moment for the UK capital markets as it moves towards UK adoption of international accounting standards.

I am excited to have the opportunity to ensure that the UKEB is on this important mission and continues to play a key role in developing these standards globally.

Pauline Wallace Information

Pauline has over 30 years of experience in developing accounting standards as a practitioner and standards setter. As a partner at PwC, she formed and led the Global Financial Products Accounting Team before leading the UK Public Policy Team. After retiring from PwC, she served two terms on the FCA’s Regulatory Decisions Board and is now a member of the decision panel of the pension regulator. She is also the director of the Paradigm Trust, a multi-academy trust, and chair of the Audit and Risk Committee.

The UKEB regulations, enacted in 2019, give the Secretary of State the approval and adoption of the functions of international accounting standards for business, energy and industrial strategies at the end of the transition period. These powers are delegated to UKEB upon completion of formal operation. This is expected to occur in early 2021. This includes 7 to 14 members of the board of directors who will be elected after an open competition, approved and appointed by the chairman. From the Secretary of State, the Secretary of State is responsible for the approval and adoption of international accounting standards for an interim period, and until the board is fully operational, UKEB’s role includes the approval and adoption of new or modified international accounting standards issued by the international accounting standards. . The Accounting Standards Committee reports to the Secretary of State on technical issues and to the Financial Reporting Committee (FRC) Committee on governance and due process procedures. The Secretary of State will annually submit a UKEB report on the dismissal of the mandated function in Congress. UKEB Read more about the international accounting standards adopted by the UK. When preparing consolidated financial statements for the fiscal year beginning after the transition period, it is mandatory in the UK for listed companies. Read more about accounting standards for UK companies after the transition period ends.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos



picture credit

ExBUlletin

to request, modification Contact us at Here or [email protected]