This news should come as a great boost for investors who always have a shadow of doubt looming overhead. This being, if the banks they are dealing with are fooling then with hidden amounts. International Accounting Standards Board (IASB) in what might prove to be a gem of a move passed these new rules which will have the many banks keeping things transparent and nothing hidden from their customers.
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The recent hard and unbearably difficult economic times have in turn seen to it that the new policies are aptly followed by the banks. These institutions, that as a rule will have to declare any news of a sudden transaction taking place just before a reporting period.
These new turn of events have taken place after the month of March this year saw examiner Anton Valukas opening up a can full of worms after being appointed by the government. This saw banking big wigs Lehman Brothers at the center of things. Even as Valukas declared fraud on them for manipulating assets from their balance sheets.
This move now as in the new accounting rule is bound to help investors in banks to better understand the market scenarios and also deal with the problems themselves. They might as well quite easily become more aware and keep track of things after a reporting period.
Accountancy Recruitment : recruitment services for accounting and finance jobs across UK. We provide wide range of finance jobs,accountancy jobs and other related jobs.
Car Crash Claims are one of the leading personal injury compensation specialists in the UK. 100% no win no fee.
The recent hard and unbearably difficult economic times have in turn seen to it that the new policies are aptly followed by the banks. These institutions, that as a rule will have to declare any news of a sudden transaction taking place just before a reporting period.
These new turn of events have taken place after the month of March this year saw examiner Anton Valukas opening up a can full of worms after being appointed by the government. This saw banking big wigs Lehman Brothers at the center of things. Even as Valukas declared fraud on them for manipulating assets from their balance sheets.
This move now as in the new accounting rule is bound to help investors in banks to better understand the market scenarios and also deal with the problems themselves. They might as well quite easily become more aware and keep track of things after a reporting period.
Accountancy Recruitment : recruitment services for accounting and finance jobs across UK. We provide wide range of finance jobs,accountancy jobs and other related jobs.
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