PRESSURE has been heaped onto the IASB by the UK reporting watchdog to reintroduce the concept of prudence into its conceptual framework. Commenting in response an IASB discussion paper, the FRC said ...

LONDON (Reuters) - Britain still believes a specific reference to "prudence" would improve international accounting standards, but reasserted on Thursday the rules as they stand are legally binding, ...

LONDON, Oct 3 (Reuters) - Britain still believes a specific reference to "prudence" would improve international accounting standards, but reasserted on Thursday the rules as they stand are legally ...