What is it?
CP06 is another set of accounting regulations. Fantastic! Just what we need after this year’s IFRS humdinger. It’s still at the embryonic stage but if it saw the light of day it would require many listed banks in the EU to give national regulators more information than they already give in their IFRS-compliant annual report and accounts. That would be great news for finance and compliance directors – they would be able to work longer hours and cancel a holiday or three.
