2011: The year of living dangerously

It’s been a turbulent 12 months for the financial sector and the accountancy profession. Santhie Goundar reviews the highs and lows

Accounting standards

Things were all quiet on the accounting standards front during 2011 after what seemed to be a frenzy of activity over the past few years. Richard Bint, senior partner at PKF says: ‘There has not been so much of great significance on the accounting side during 2011, but both the international and UK standard setters have taken on board the comments and criticisms that have been made.

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