SCS EPISODE 124. ACCOUNT-ABILITY? PART 4

SCS EPISODE 124. ACCOUNT-ABILITY? PART 4

Continuing with the Government Financial Reporting Manual, concentrating on Chapter 8.

This time is a bit more technical in terms of the reporting system, but important for us to understand due to the abuses more commonly accused toward ‘offshore’ style avoidance (i.e. prime example of projection), so we look at issues around ‘fair value’, and exemptions from reporting risk. The latter presenting a repeat diagnosis of the 2007 crash.

I present yet another example of why Blackrock’s position on ESG is irrelevant, comparing the UK’s score with that of China, and how ‘right-of-use’ clauses have been set up to enable Natural Asset Companies.

My closing statement this week is repeat of what everyone must understand; it doesn’t matter which cheek of the UNiparty arse you vote for, so stop it.

Links:

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ICPR 1200 Limited
http://www.icpr1200.com/

Open policy papers and consultations
https://www.gov.uk/search/policy-papers-and-consultations?content_store_document_type%5B%5D=open_consultations&order=updated-newest

Open petitions
https://petition.parliament.uk/petitions?state=open

Government Financial Reporting Manual 2022/23
https://www.gov.uk/government/publications/government-financial-reporting-manual-2022-23

IFRS 3
https://www.ifrs.org/issued-standards/list-of-standards/ifrs-3-business-combinations/

Compulsory purchase and compensation: guide 1 - procedure
https://www.gov.uk/guidance/compulsory-purchase-and-compensation-guide-1-procedure

HS2: Valuations and Compensations going off the Rails?
https://futureclimateinfo.com/hs2-valuations-compensations/

Government bought £1.5m house on HS2 line less than 24 hours before Rishi Sunak cancelled it
https://inews.co.uk/news/government-bought-house-hs2-line-rishi-sunak-cancelled-2667199

Hedge Accounting: Definition, Different Models, and Purpose
https://www.investopedia.com/terms/h/hedge-accounting.asp

Three stages of impairment
https://www.bis.org/fsi/fsisummaries/ifrs9.pdf

UK credit rating
https://www.fitchratings.com/entity/united-kingdom-80442209

The Troubling Rise of Natural Asset Companies
https://www.digital.cpac.org/post/the-troubling-rise-of-natural-asset-companies

Enabling a Natural Capital Approach guidance
https://www.gov.uk/government/publications/enabling-a-natural-capital-approach-enca-guidance/enabling-a-natural-capital-approach-guidance

Patenting natural products (part 1): newly isolated material
https://www.simmons-simmons.com/en/publications/ckfxuqnou6mkn0a25dlew2v44/patenting-natural-products-part-1-newly-isolated-material