New UK Financial Reporting Faculty

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07 Jan 2009

The Institute of Chartered Accountants in England and Wales has created a Financial Reporting Faculty 'in response to fundamental changes in the financial reporting environment and the increasing complexity of relevant laws and standards'.

The goal of the Faculty is to help members keep up-to-date and understand the implications of new standards, regulations, and practice in financial reporting. Members of the Faculty get access to:
  • The Faculty website – a peer-to-peer platform encouraging the sharing of news, uncertainties, concerns, and possible solutions
  • Faculty factsheets – practical assistance on UK GAAP and IFRS written by experts in the field
  • All of the most up-to-date material issued by the IASB – the full IASB 'eIFRS' subscription service
  • The 'Standards tracker' – an online facility for checking current standards and recent amendments
  • Discounts on ASB standards and other financial reporting publications and UK courses
  • Specialised training and CPD services, including e-learning and online resources
Deloitte UK partner Andy Simmonds chairs the board of the Faculty. For more information on the benefits of membership or to join the Faculty visit


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