- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Despite assumptions that companies would flock to simpler accounting, most are holding back in adopting new hedge rules.
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Hedge accounting rules, now taking effect, may have fallen under the radar as companies wrestled bigger changes to revenue recognition, leasing, and credit losses.
Within two weeks of gaining power, the U.K.’s newly elected Labor government has confirmed its intention to beef up the audit regulator and strengthen corporate governance.
The U.K.’s Financial Reporting Council fined audit firm MacIntyre Hudson (MHA) and two employees for breaching the agency’s requirements.
