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Regulatory bodies

contract-argue

Accounting rules could lead to artificial lease structures

Overhaul of lease accounting rules still complex and could lead to restructuring of lease agreements

23 May 2013

Operational risk

Success of FRS 102 needs to be replicated on going concern

The consultation process for FRS 102 was arguably the most wide-ranging the FRC has ever conducted. It should apply the same rigour to going concern

20 May 2013

Hans Hoogervorst IASB chairman

IASB and FASB propose dual approach to lease accounting

IASB and FASB put forward a dual approach to accounting for leases on company balance sheets

16 May 2013

Material uncertainties over FRC going concern guidance

No-one disputes Lord Sharman’s recommendations on going concern, but the FRC’s interpretation has been met with alarm

14 May 2013

FRC launches KPMG audit probes

FRC launches investigation into KPMG over independence Pendragon audit as well as investigating a partner's shareholding in a client company

10 May 2013

Baroness Hogg steps down as FRC chairman

FRC announces departure of chairman Baroness Hogg, who is staying on while government finds a successor

09 May 2013

Pensions regulator to slam Silentnight following pre-pack

Silentnight owner could be forced to pay £30m into pension fund by regulator

09 May 2013

FRC confirms budget increase and hike in levy rates

Reporting watchdog increases overall budget for 2013/14 to £24.5m and raises annual levies by 8.5%

02 May 2013

Government to introduce new sanctions on IPs this summer

This summer will see the introduction of a single gateway for complaints and common sanctions for insolvency practitioners rolled out across the regulators

26 Apr 2013

IPA announces FRP partner is new president

FRP Advisory partner Charles Turner takes presidency and chairman role at Insolvency Practitioners Association

22 Apr 2013

Audit market “flirting with stagnation”, says PCAOB chair

Lack of information and difficulty in discerning the difference between audits risks market stagnation, warns James Doty

19 Apr 2013

ASAF discusses conceptual framework at inaugural meeting

IASB and members of the ASAF discuss conceptual framework and impairment projects at inaugural meeting

10 Apr 2013

Colin: The auditor's reading list

Following the FRC's concerns over Grant Thornton and BDO's audit work, Colin recommends a some light reading

26 Mar 2013

IFRS Foundation expands Middle Eastern influence

IFRS Foundation appoints Abdulrahman Al-Humaid as a trustee with immediate effect

22 Mar 2013

GT and BDO told to buck up professional scepticism

FRC review team raises concerns about some of Grant Thornton and BDO's listed company audit work

22 Mar 2013

FRC disagrees with Competition Commission rotation plans

FRC claims mandatory auditor rotation would undermine audit committees' authority

20 Mar 2013

FRC and FASB among 12 members of IASB advisory forum

US and UK national standard setters among inaugural members of IASB's Accounting Standards Advisory Forum

20 Mar 2013

SEC grilled over its Deloitte China legal case

Magistrate grills SEC attorney over rules it used to subpoena Deloitte China attorney

18 Mar 2013

Deloitte and FRC fire opening salvoes in MG Rover tribunal

Deloitte launches defense of its role in two transactions it advised the 'Phoenix Four' on when they owned MG Rover in 2000, as FRC tribunal gets underway

12 Mar 2013

GCCAAO and ICAEW sign audit quality agreement

ICAEW signs agreement with Gulf states to develop an audit monitoring programme

07 Mar 2013

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2shotguests

How software as a service can meet the strategic needs of a growing business

Organisations are now looking for a software service that is cost effective, flexible, streamlined and able to meet the needs of the business both today and in the future

Organisations are now looking for a software service that is cost effective, flexible, streamlined and able to meet the needs of the business both today and in the future

Profession reaches end of its tether with PAC

After the Public Accounts Committee's latest hearing - in which it heavily criticised Google's tax affairs - many advisers have had enough

#AAYP 2013: Talent is ageless, but youth unemployment is a problem

The principles of developing future leaders apply whether you've just left school or got years of experience under your belt

To quota or not to quota: that is the problem

Women on board quotas may have a bad rep, but it’s the only way to address inherent bias argues Fiona Hotston Moore

CABA's Wendy Saunders and CEO Kath Haines

Feature: Inside the Chartered Accountants' Benevolent Association

After seeing a 70% rise in demand, Calum Fuller visited the Chartered Accountants Benevolent Association to learn more about its efforts to provide support

Success of FRS 102 needs to be replicated on going concern

The consultation process for FRS 102 was arguably the most wide-ranging the FRC has ever conducted. It should apply the same rigour to going concern

Colin: Colin was here

Colin loves to be the centre of attention, as the Sky News Twitter account can testify

Taking Stock: Life in the slow lane

It was less Wacky Races and more Sunday driving as a team from Reeves helped raise £15,000 for charity as part of a race to Monaco

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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.

cchcover

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.