Changes to lease accounting under the new IFRS 16 Leases will create more balance sheet transparency in the automotive sector, but there will be significant upheaval in terms of reporting practice, say Armaghan Haq, head of accounting policy, retail, Lloyds Banking Group and Paul Lippitt, principal consultant, fleet, Lex Autolease

Initial proposals to launch EU wide country-by-country reporting requirements for multinationals with turnover in excess of €750m raise concerns for big business as they will have to report corporation tax in isolation to their wider tax liability, says Bill Dodwell, head of tax policy at Deloitte 

With the drive to reduce the volume of irrelevant material in financial statements, Andrew Marshall FCA, senior technical partner at KPMG UK calls for a spring clean in lthe context of the concept of materiality