Company news

money-grab

OFT recruits board to oversee DC pension audit

OFT appoints board which will oversee the audit of defined contribution legacy pension schemes

11 Feb 2014

kpmg-canada-square-5

KPMG resigns as Poundworld auditors

KPMG resigns as Poundworld auditors based on concerns over company governance

06 Feb 2014

hewlett-packard

Autonomy overstated profits by 80%, HP claims

HP drastically revises the 2010 performance of Autonomy in restated accounts filed on Companies House

04 Feb 2014

PwC picks up British Land audit from Deloitte

British Land appoints PwC as auditors after more than ten years with Deloitte

28 Jan 2014

RTI legislation drives growth at Sage

UK legislation drives growth and ensures good performance at financial IT giant Sage

23 Jan 2014

Begbies Traynor: UK economy not out of the woods yet

Red Flag report highlights economy moving in the right direction but critically distressed businesses still rife

22 Jan 2014

Morrisons tax chief held over insider trading allegations

Paul Coyle allegedly purchased Ocado shares prior to announcement of lucrative tie-up

21 Jan 2014

BDO administrators called to Mary Portas lingerie factory

Headon & Quarmby, manufacturers of lingerie for Mary Portas and number of high street retailers calls in BDO administrators who make all staff redundant

20 Jan 2014

KPMG faces investigation over Co-op Bank audit

KPMG investigated over its audit of troubled lender Co-op Bank

20 Jan 2014

PwC: RSA's problems limited to Irish operation

Reviews involving auditors, external assurance and internal audit, outline extent of financial and control issues at RSA's Irish division

09 Jan 2014

Debenhams CFO departs as tough trading hits home

Days after a profit warning, Simon Herrick steps down from the high street retail giant

02 Jan 2014

Deloitte replaces KPMG as Spirax-Sarco auditor

FTSE 250 engineering company appoints Deloitte as its auditor for the year ending 31 December 2014

17 Dec 2013

Publisher Informa shifts tax base back to UK

Informa re-domiciles in the UK after four years in Switzerland

11 Dec 2013

IIRC releases Integrated reporting framework

First ever integrated reporting framework released following publication of outline, and international consultation

09 Dec 2013

Sage pre-tax profits down more than half

Pre-tax profits drop 51% for accountancy software company

06 Dec 2013

AS2013: Business rates don’t go far enough

Business rates will be capped and relief given to SME in Autumn Statement

05 Dec 2013

FRC launches investigation into jailed Torex Retail directors

Profession’s watchdog launch investigation of ex-Torex accountant Mark Woodbridge and CEO Christopher Moore after their criminal convictions

04 Dec 2013

Unilever swaps PwC for KPMG as auditor

Unilever to end 27-year audit relationship with PwC - KPMG to be its next auditor, while EY said it could not bid for the work

03 Dec 2013

Grant Thornton debuts in FTSE 100 auditor rankings table

The adviser rankings guide lists six auditors in the FTSE 100 for the first time since it began publishing in 2005

03 Dec 2013

Ewing leaves Standard Chartered board for health reasons

Margaret Ewing has resigned from the board of Standard Chartered for health reasons

02 Dec 2013

Page 3 of 438

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Not so easy come easy go for the Practitioner, as a troublesome client is finally given the heave-ho, but a new staff member is welcomed on board

Are ethics and profits mutually exclusive?

The markets crave trust, and business must be more proactive in its delivery

ABS: Will you be taking on too much?

While alternative business structures (ABSs) might benefit some accountancy firms, others could be in danger of overstepping their capabilities

p13-fraud

Internal auditors must up game over new anti-corruption rules

Government's more onerous anti-corruption plan means internal auditors must up their game

Colin: Post-awards emotion

For some, the British Accountancy Awards can be emotionally demanding

Colin: Pre-award jitters

Colin's excited about tonight's British Accountancy Awards

Colin: Audit losses go down badly

Colin imagines KPMG's reaction to losing Diageo audit

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Briefings

budget-management

Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

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iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.