Chartered Institute of Management Accountants

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2007 Archive

CIMA Industry Focus offers a convenient source of news for current awareness and members’ CPD purposes.  Industry Focus news stories are written for CIMA on topics that we have specified as being directly relevant to both CIMA members and students.  Coverage includes management and financial accounting, compliance, governance, the accountancy profession, and more general business news.   

Stories covered in 2007 included:

  • The IASB’s proposal for a new International Financial Reporting Standard for SMEs.
  • The FRC’s Accountancy Investigation and Discipline Board’s defeat in the Mayflower case.
  • Company pensions deficits, particularly amongst FTSE100 companies.
  • The US Securities and Exchange Commission decided to abolish the need for foreign companies listed in the US to reconcile their accounts to US GAAP if they use IFRS.
  • The “credit crunch” which was caused by the US subprime mortgage crisis.

Industry Focus news is provided by Adfero Ltd., an online news agency based in the UK.