It is now recognised in the UK that International Financial Reporting Standards (IFRS) mandated by the EU along with the voluntary adoption by the Financial Reporting Council (FRC) of International Auditing Standards (ISAs) in 2005 contributed significantly to the financial crisis by allowing banks to overstate profits and asset values.
Globalization can bring the threat of a weakened SME sector, since its role in direct exporting is less than proportional to its size; economies of scale is important in the international commerce. But with small businesses being so key to
The Valley of Death is an expression used to describe the black hole in which a lot of research ends up in. Many researchers get stuck in the Valley of Death, not having the tools, skills or financial backing to
LFIG had the enviable problem of having a room that was too small for their fringe meeting on small business at the Labour Party conference. It was standing room only as sixty plus people packed into the room to hear