Tag: accounting standards
Ex-Rio Tinto CEO and CFO charged with fraud over ‘inflated’ asset values
Thomas Albanese, Guy Elliott and Rio Tinto face a civil charge of fraud by the SEC over alleged failure to inform markets of plummeting asset values. Elliott also quits the Royal Dutch Shell board.
Corporates must get to grips with new accounting standards, says FRC
Clear disclosures about the effect of major new accounting standards, alongside better linkage between strategy, KPIs and remuneration, are areas under the gaze of the Financial Reporting Council.