CA daily briefing: Thursday 20 August
Your essential briefing of the morning's top news stories.
Good morning, Hilde Oesterkloeft here to give you the latest news and updates from ICAS and around the globe.
The latest from ICAS
The FRC has issued a statement on accounting for lease modifications following the amendment to IFRS 16 – COVID-19-Related Rent Concessions.
Today's top stories from around the web
- Apple first US company to be valued at $2tn (BBC News)
- Poll: Britain's economy won't recover for at least two years/a> (City AM)
- UK employers give lowest pay rises in a decade, XpertHR says (Reuters)
- Airbnb moves to go public despite pandemic struggles (The Guardian)
- Scams jump 66 per cent during lockdown as fraudsters take advantage of nation's uncertainty (The Independent)
- Sports Direct owner Frasers Group sees signs of 'normality' returning (BBC News)
- Coronavirus: Boris Johnson told to 'get a grip' by Heathrow Airport boss as testing facility unveiled (Sky News)
- Mike Ashley’s Frasers Group suffers 20 per cent profit drop (The Guardian)
- UK retailer AO World's sales surge as demand continues after lockdown (Reuters)
- Local councils face £7bn black hole (Accountancy Daily)
That's all for today. Check back tomorrow for your Friday briefing.