The IFRS Foundation has published a document providing an overview of its proposed amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors, which are designed to simplify the application of accounting policy changes resulting from agenda decisions published by the IFRS interpretations committee

MPs are warning that the regulations around universal credit pose a ‘very real risk’ to entrepreneurs as they have been designed with ‘little regard for the reality of self-employed work’ and are calling for changes to the rules to avoid crushing new start-ups

The Ministry of Defence (MoD) risks being up to £20bn short of the amount it requires to fund vital equipment because of unrealistic financial planning and a lack of controls, the public accounts committee (PAC) has warned

Liza Robbins has been appointed to succeed Jon Lisby as CEO of global accounting network, Kreston International with effect from 1 August

There has been an 83% rise in the number of care home businesses entering insolvency according to analysis by Moore Stephens, which says the sector has been struggling since the government cut local authority funding during its austerity drive and warns further funding is urgently needed

Financial services multimillionaire Peter Hargreaves who saw his career take off when he founded investment management platform Hargreaves Lansdown is following fellow billionaire Elon Musk by making his next move into space, with a £24m investment in the Goonhilly satellite tracking station in Cornwall