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Regulatory bodies

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FRC announces budget cut for coming year

FRC priorities include exerting greater international influence and revising the corporate governance code

22 May 2012

ICAEW at Moorgate Place

ICAEW: Regulation won’t instil trust in auditors

The profession, not the regulators, must drive to inject trust into the profession says ICAEW chairman of audit and assurance

21 May 2012

Lee Manning

R3: Regulator failing to address pre-pack concerns

Insolvency body president pleads with regulator to move reports on from box-ticking exercise

16 May 2012

Fines against IPs increase fivefold in 2011

Fines against insolvency practitioners increase nearly five times in 2011 compared with 2010

16 May 2012

21 IPs reported for pre-pack non-compliance in 2011

Non-compliance of pre-packs sees 21 practitioners reported in 2011 compared to just 15 in 2010.

15 May 2012

Worthington Nicholls FD stripped of license in tribunal

Accountancy's regulator excludes former Worthington Nicholls FD Timothy Hunt from the ICAEW for six years

15 May 2012

Sole Survivor: Clean up the Money Laundering Act

Money laundering checks are a joke, says Elaine Clark, but not so funny when she comes under suspicion

14 May 2012

Watchdog calls for 'significant improvements' in Mazars' audit

Audit Inspection Unit's review of Mazars' work flags up a series of issues, including a lack of evidence to support going concern assessments

10 May 2012

Size does matter according to incoming AADB sanctions

AADB issues sanctions consultation which could see firms having to pay massive fines but will inject proportionality into the system

24 Apr 2012

Audit: The Next Frontier

How can auditors and regulators work together to restore trust in the financial systems, asks Deloitte Touche Tohmatsu’s global director Roger Dassen

23 Apr 2012

FRC consults on revamped stewardship definition

Financial Reporting Council consultation which could change definition of stewardship in the UK

23 Apr 2012

Accountancy watchdog consults on dishing out heftier fines

The Accountancy and Actuarial Discipline Board has launched a consultation on sanctions guidance for accountants reprimanded at tribunal

19 Apr 2012

Fleck takes FRRP chairman role

Richard Fleck moves across from Auditing Practices Board to Financial Reporting Review Panel

04 Apr 2012

FSA dishes out £100k fine to former Royal Liver FD

George McGregor fined for abusing his position as FD of Royal Liver Assurance

13 Mar 2012

QC appointed executive counsel at accounting watchdog

Gareth Rees QC, an expert in financial crime and regulation, will start new role at Accountancy and Actuarial Discipline Board in March

01 Mar 2012

Chancellor objects to 'error rate' in EU accounts

George Osborne tries to block annual approval of European Union accounts due to estimated "error rate" in European spending, mainly related to agriculture and infrastructure

22 Feb 2012

Companies warned about 'comply or explain'

The Financial Reporting Council says some UK companies need to provide better explanations about why they're ignoring the corporate governance code

16 Feb 2012

FRC to consider tougher 'comply or explain' guidelines

Council says minority of companies fail to adequately explain why they don't comply with corporate governance code

15 Feb 2012

Accounting academic says FRC should be scrapped

Bournemouth University professor calls for Financial Reporting Council to be canned as it fails to tackle accounting and auditing problems

15 Feb 2012

Solvency II will kill DB schemes and bankrupt business

Solvency II will force all remaining defined benefit schemes to close and could lead to significant job losses as UK companies fold, lobby groups warn

14 Feb 2012

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Penny Avis' book Nevermind the Botox Rachel

Video: From corporate finance to author

Rachael Singh interviews self-published author and former Deloitte partner Penny Avis on her novel "Nevermind the Botox Rachel"

Managers must spot signs of staff stress

Learn to identify the symptoms of stress in your team, urges CABA

The Practitioner: Staff sit-down shocker

The Practitioner has plenty to think about after a senior staff member reveals the pair haven't 'chatted' for quite a while...

Time for consulting to re-balance?

Despite robust performance in 2011, the consulting industry must reduce its reliance on financial services clients, says Alan Leaman

businessman steps forward

Tax: Don't go back in the future

Forget retrospection and instead put the GAAR together properly to create certainty for business, says Gary Richards

CIMA and ICAEW accounts: all in the presentation

Fully transparent, or just one for the accountants? asks Kevin Reed

TS recalls Pet's star Healy's close links to HMRC

Tim Healy's recent run-in with the taxman isn't his only dealing with HMRC, TS recalls...

Colin: Cost-cutting a step too far

Finance function takes its toll at BBC offices

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