Question of priorities

FT-SE 100 companies are questioning the Accounting Standards Board's approach to standards, says the Edinburgh-based accounts monitor Company Reporting. In the May issue of its monthly journal it quotes the pharmaceuticals group SmithKline Beecham as saying it is "concerned about the rigid interpretation that the accounting profession is adopting".

Although the ASB has made no pronouncement on derivatives, several companies are increasing disclosure in this area, Company Reporting says. Unilever gives the parameters on hedging agreed by the board, BP analyses derivatives taken out for risk management and for trading purposes and Reuters discloses those "in the money" as well as those "out of the money".

Company Reporting says this suggests that if the ASB is to make an impact, it should ensure its standards reflect companies' priorities.

Regulator resigns

Jo Holden is resigning as head of the three Institutes of Chartered Accountants' joint monitoring unit. Formerly a partner with Dearden Farrow, he set up the unit to meet the requirements of the 1986 Financial Services Act. He has yet to decide on his next role, but insists he is leaving by mutual agreement.

Sporting chance

Paul Maxlow-Tomlinson, a senior partner of the Exeter solicitors Stones, has been appointed an arbitrator at the International Court of Arbitration for Sport in Lausanne, Switzerland.

In addition, Mr Maxlow-Tomlinson, a former chairman of the Ski Club of Great Britain and a director of the British Ski Federation, has become a member of the British Academy of Experts in London.

Value for Ulster

The Chartered Institute of Public Finance and Accountancy today launches a research project into whether competition within Northern Ireland's public services is achieving value for money. The final report, which is due to be published next January, should provide the first independent analysis of the effects of market testing for the province's public services and highlight best practice for the whole of the United Kingdom.

Good communicator

Ernst & Young, the accountancy and management consultancy firm, has been presented with the Gold Quill award by the International Association of Business Communicators for its communication and consultation programme related to its process of change.

Sharon Wallach is consulting editor for the Law pages.

Law Reports on page 15.

Independent Partners; Do you need financial advice on your investments, pension or insurance? Book a free consultation with an independent Financial Adviser at VouchedFor.co.uk

Finacial products from our partners
Property search
  • Get to the point
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating

By clicking 'Search' you
are agreeing to our
Terms of Use.

ES Rentals

    iJobs Job Widget
    iJobs Money & Business

    Recruitment Genius: Claims Administrator

    £16000 - £18500 per annum: Recruitment Genius: This is an excellent opportunit...

    Recruitment Genius: Senior SEO Executive

    £24000 - £28000 per annum: Recruitment Genius: A Senior SEO Executive is requi...

    Recruitment Genius: Online Customer Service Administrator

    £16000 - £18000 per annum: Recruitment Genius: An Online customer Service Admi...

    Recruitment Genius: Digital Marketing Executive

    £18000 - £22000 per annum: Recruitment Genius: This global, industry leading, ...

    Day In a Page

    'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

    Bread from heaven

    Dutch survivors thank RAF for World War II drop that saved millions
    Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

    How 'the Axe' helped Labour

    UK will be 'run for the wealthy and powerful' if Tories retain power
    Rare and exclusive video shows the horrific price paid by activists for challenging the rule of jihadist extremists in Syria

    The price to be paid for challenging the rule of extremists

    A revolution now 'consuming its own children'
    Welcome to the world of Megagames

    Welcome to the world of Megagames

    300 players take part in Watch the Skies! board game in London
    'Nymphomaniac' actress reveals what it was really like to star in one of the most explicit films ever

    Charlotte Gainsbourg on 'Nymphomaniac'

    Starring in one of the most explicit films ever
    Robert Fisk in Abu Dhabi: The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers

    Robert Fisk in Abu Dhabi

    The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers
    Vince Cable interview: Charging fees for employment tribunals was 'a very bad move'

    Vince Cable exclusive interview

    Charging fees for employment tribunals was 'a very bad move'
    Iwan Rheon interview: Game of Thrones star returns to his Welsh roots to record debut album

    Iwan Rheon is returning to his Welsh roots

    Rheon is best known for his role as the Bastard of Bolton. It's gruelling playing a sadistic torturer, he tells Craig McLean, but it hasn't stopped him recording an album of Welsh psychedelia
    Russell Brand's interview with Ed Miliband has got everyone talking about The Trews

    Everyone is talking about The Trews

    Russell Brand's 'true news' videos attract millions of viewers. But today's 'Milibrand' interview introduced his resolutely amateurish style to a whole new crowd
    Morne Hardenberg interview: Cameraman for BBC's upcoming show Shark on filming the ocean's most dangerous predator

    It's time for my close-up

    Meet the man who films great whites for a living
    Increasing numbers of homeless people in America keep their mobile phones on the streets

    Homeless people keep mobile phones

    A homeless person with a smartphone is a common sight in the US. And that's creating a network where the 'hobo' community can share information - and fight stigma - like never before
    'Queer saint' Peter Watson left his mark on British culture by bankrolling artworld giants

    'Queer saint' who bankrolled artworld giants

    British culture owes a huge debt to Peter Watson, says Michael Prodger
    Pushkin Prizes: Unusual exchange programme aims to bring countries together through culture

    Pushkin Prizes brings countries together

    Ten Scottish schoolchildren and their Russian peers attended a creative writing workshop in the Highlands this week
    14 best kids' hoodies

    14 best kids' hoodies

    Don't get caught out by that wind on the beach. Zip them up in a lightweight top to see them through summer to autumn
    Robert Fisk in Abu Dhabi: The acceptable face of the Emirates

    The acceptable face of the Emirates

    Has Abu Dhabi found a way to blend petrodollars with principles, asks Robert Fisk