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Regulatory bodies

Financial Reporting Council

FRC undershoots annual budget by £1.1m

UK reporting watchdog cuts overall expenditure despite larger-than-expected costs associated with structural reform

03 Oct 2012

Life peer Baroness Hogg is a crossbencher in the House of Lords

FRC announces newly formed Actuarial Council

Financial Reporting Council announces the membership of its newly formed regulatory committee, the Actuarial Council

10 Sep 2012

David Kerr IPA conference 2012

IPA to handle insolvency solicitor complaints

IPA will handle all complaints against solicitor insolvency practitioners. IPA signs agreement to handle solicitor complaints

10 Sep 2012

Ombudsman ruling forces PPF to clarify asset guidance

The Pension Protection Fund to clarify the way schemes value property as a contingent asset, in the wake of an ombudsman ruling against it

07 Sep 2012

Poll – AADB reprimands should reflect scale of crime

Just over half of readers feel stature of defendants should not affect the severity of punishments in AADB disciplinaries

29 Aug 2012

Profession up in arms over AADB fine calculations

FRC faces backlash from firms and institutes over changes to the way disciplinary sanctions are calculated. Nevertheless, changes are required

14 Aug 2012

ACCA's Pakistan students call off protest

Protest aimed at removing block on foreign institute studying in Pakistan is called off

17 Jul 2012

FSA cites tax and accounting in Barclays concern

Lord Adair Turner wrote to Barclays chairman Marcus Agius about general concerns over the bank's approach to regulation, citing tax and accounting examples

10 Jul 2012

Taxing job ahead for Barlow and Troup

HMRC this week announced Edward Troup and Ian Barlow will be filling the roles vacated by Dave Hartnett and Mike Clasper

04 Jul 2012

FRC disciplinary cases to be settled without need for tribunals

FRC consults on proposals to allow disciplinary cases to be concluded without the need for a full tribunal hearing

29 Jun 2012

HMRC issues auto-enrolment salary sacrifice guidance

HMRC has issued guidance confirming salary sacrifice pension schemes will be able to meet automatic enrolment requirements

22 Jun 2012

Lehman loses against Pensions Regulator in High Court

High Court rules against a consortium of 38 Lehman Brothers subsidiary companies fighting to be excluded from financial support directions by the Pensions Regulator

20 Jun 2012

ICAEW ticking boxes as it plans MDP regulator move

The institute is beavering away to make sure it can clear the hurdles required to regulate multi-disciplinary practices

13 Jun 2012

IFRS Foundation back in the black after £2m loss in 2010

International standard setter announces surplus for 2011 compared to a £2m loss in 2010

13 Jun 2012

Accountancy's taking steps on social mobility

ACCA's Andrew Leck believes the profession is working hard to increase social mobility, but accepts there's some way to go

30 May 2012

FRC announces budget cut for coming year

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

22 May 2012

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

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

Page 4 of 11

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Leader: Will younger generation push for a UK institute?

Will British institutes learn from a New Zealand/Australia merger - or have the Trans/Tasmans already learned from them?

Jo Swinson: More needed but insolvency reform step in the right direction

Consumer affairs minister Jo Swinson writes for Accountancy Age on the incoming reforms to insolvency practitioners’ regulation.

FRC is sounding like a modern day Cassandra

Concerns raised in the FRC's latest round of audit inspections sound strikingly familar. Why has the profession failed to address them?

curtain

Don't COP out of guiding clients through tax mire

Anita Brook of Accounts Assist gives a hands-on guide to Code of Practice 9

Taking Stock: Accountancy and the sheriff of Cumbria

TS loves it when two worlds collide

Colin: Hey diddle (tax) diddle

Colin offers his assessment of the pressure on 'tax havens'

Colin: Don't panic! (about avoidance)

Colin succinctly rounds up the latest court ruling on tax avoidance and advisers' responsiblities

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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.