UK leads charge for action on beneficial ownership
Administration

UK leads charge for action on beneficial ownership

8y Fraser Simpson , Reporter

UK leads charge for action on beneficial ownership

Osborne delivers ‘another hammer blow’ to offshore tax evasion by announcing data partnership with biggest European economies Read More...

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EC presents action plan to combat ‘staggering’ VAT gap
Administration

EC presents action plan to combat ‘staggering’ VAT gap

8y Fraser Simpson , Reporter

EC presents action plan to combat ‘staggering’ VAT...

European Commission present action plan designed to reboot EU VAT system, which is welcome news to VAT experts Read More...

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Taking Stock: FRC falls foul of its own rules...almost
Regulatory Bodies

Taking Stock: FRC falls foul of its own rules...almost

8y Taking Stock

Taking Stock: FRC falls foul of its own rules...al...

TS couldn't help but notice a near miss for the FRC Read More...

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Vegro appointed FRC executive director of strategy and resources
Accounting Standards

Vegro appointed FRC executive director of strategy and resources

8y Chris Warmoll , Writer

Vegro appointed FRC executive director of strategy...

Vegro will report to the FRC's chief executive, Stephen Haddrill and sit on the executive committee Read More...

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Frost Group IP granted FCA-authorisation
Accounting Firms

Frost Group IP granted FCA-authorisation

8y Chris Warmoll , Writer

Frost Group IP granted FCA-authorisation

The firm, with offices in London, Croydon and Bournemouth, can now offer a portfolio of non-statutory solutions and regulated debt advice to clients R...

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ICAEW issues 800th insolvency practitioner license
Business Recovery

ICAEW issues 800th insolvency practitioner license

8y Chris Warmoll , Writer

ICAEW issues 800th insolvency practitioner license

The UK's insolvency profession helped rescue approximately two in five insolvent businesses in 2013/14 Read More...

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IASB reappoints chairman Hoogervorst
Accounting Standards

IASB reappoints chairman Hoogervorst

8y Calum Fuller , Reporter

IASB reappoints chairman Hoogervorst

While Hoogervorst is set for a second term, vice chairman Ian Mackintosh is to step down once his term expires Read More...

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FRC to avoid further changes to codes and standards
Audit

FRC to avoid further changes to codes and standards

8y Calum Fuller , Reporter

FRC to avoid further changes to codes and standard...

FRC chief executive Stephen Haddrill pledges that regulator will allow changes to codes and standards to 'bed in' rather than introduce further change...

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FRC highlights flaws in audit engagement review processes
Audit

FRC highlights flaws in audit engagement review processes

8y Calum Fuller , Reporter

FRC highlights flaws in audit engagement review pr...

Thematic review from FRC's audit quality review team finds that while reviewers do bring standards of work up, weaknesses still creep through Read Mor...

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Tyrie lays down gauntlet to FRC over HBOS probe
Audit

Tyrie lays down gauntlet to FRC over HBOS probe

8y Calum Fuller , Reporter

Tyrie lays down gauntlet to FRC over HBOS probe

Treasury Select Committee chairman Andrew Tyrie raises "number of concerns" over FRC's supervision of KPMG's role in HBOS collapse Read More...

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ICAEW gives thumb up to Bailey as FCA chief
Accounting Standards

ICAEW gives thumb up to Bailey as FCA chief

8y Chris Warmoll , Writer

ICAEW gives thumb up to Bailey as FCA chief

Bailey takes over from Martin Wheatley, who departed in September Read More...

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FRC considers plans to investigate KPMG over HBOS audit
Accounting Firms

FRC considers plans to investigate KPMG over HBOS audit

8y Chris Warmoll , Writer

FRC considers plans to investigate KPMG over HBOS ...

Accounting watchdog examines why KPMG afforded HBOS a 'going concern' status a year before the bank's catastrophic failure Read More...

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The Financial Power List 2016
Accounting Standards

The Financial Power List 2016

8y Accountancy Age

The Financial Power List 2016

A crucial year for HMRC sees Lin Homer top Accountancy Age's annual list of individuals to watch in the profession this year Read More...

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FRC to probe Grant Thornton's Globo audits
Audit

FRC to probe Grant Thornton's Globo audits

8y Chris Warmoll , Writer

FRC to probe Grant Thornton's Globo audits

Grant Thornton replaced BDO as Globo auditors after BDO resigned in February 2014 Read More...

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Friday Afternoon Live: KPMG's bad month and Tyrie's FRC criticism
Accounting Firms

Friday Afternoon Live: KPMG's bad month and Tyrie's FRC criticism

8y Accountancy Age

Friday Afternoon Live: KPMG's bad month and Tyrie'...

Kevin Reed rounds up the week's news Read More...

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Tyrie "flabbergasted" by FRC failure to investigate HBOS audit failings
Accounting Firms

Tyrie "flabbergasted" by FRC failure to investigate HBOS audit failings

8y Chris Warmoll , Writer

Tyrie "flabbergasted" by FRC failure to investigat...

Tyrie's exasperation expressed after he hears from two specialist advisers appointed to probe the bank's fall from grace Read More...

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Tyrie reiterates call for FRC to probe KPMG over HBOS
Accounting Firms

Tyrie reiterates call for FRC to probe KPMG over HBOS

8y Chris Warmoll , Writer

Tyrie reiterates call for FRC to probe KPMG over H...

MP continues to press Stephen Haddrill to reconsider case for a probe into KPMG's auditing of HBOS Read More...

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Amendments to FRS 101 and FRS 103 proposed by FRC
Accounting Standards

Amendments to FRS 101 and FRS 103 proposed by FRC

8y Chris Warmoll , Writer

Amendments to FRS 101 and FRS 103 proposed by FRC

Amendments aim to ensure FRS 101 continues to be cost-effective as IFRS, changes while FRED 64 proposes amendments to FRS 103 Insurance Contracts Read...

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IASB plans temporary IFRS reliefs for insurers
Accounting Standards

IASB plans temporary IFRS reliefs for insurers

8y Richard Crump , Writer

IASB plans temporary IFRS reliefs for insurers

IASB proposes changes to provide temporary reliefs for insurers to address consequences of the different effective dates of the IFRS 9 and IFRS 4 Read...

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Audit firm governance code to champion quality and transparency
Accounting Firms

Audit firm governance code to champion quality and transparency

8y Chris Warmoll , Writer

Audit firm governance code to champion quality and...

Feedback reveals that the role of independent non-executives was important but could be further strengthened Read More...

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FRC beefs up executive zeal with key management changes
Audit

FRC beefs up executive zeal with key management changes

8y Chris Warmoll , Writer

FRC beefs up executive zeal with key management ch...

New structure will fuse responsibilities and harness resources to deliver the watchdog's primary objectives Read More...

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Extended auditor reports restoring trust in audit in post-HBOS world
Accounting Firms

Extended auditor reports restoring trust in audit in post-HBOS world

8y Chris Warmoll , Writer

Extended auditor reports restoring trust in audit ...

Eight years after the failure of HBOS, the discipline of audit - and its real value to investors - continues to fuel debate, finds Chris Warmoll Read ...

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IASB told to reconsider proposed changes to its conceptual framework
Accounting Standards

IASB told to reconsider proposed changes to its conceptual framework

8y Richard Crump , Writer

IASB told to reconsider proposed changes to its co...

FRC and ICAEW critical of IASB's efforts to reinstate prudence into its conceptual framework Read More...

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Audit committee chairs survey shows professional scepticism needs boosting
Audit

Audit committee chairs survey shows professional scepticism needs boosting

8y Chris Warmoll , Writer

Audit committee chairs survey shows professional s...

The lowest overall scores were for questions on professional scepticism and the auditor's response to regulatory oversight Read More...

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HBOS and KPMG tensions exposed by report
Accounting Firms

HBOS and KPMG tensions exposed by report

8y Chris Warmoll , Writer

HBOS and KPMG tensions exposed by report

Despite sounding the klaxon, much of KPMG's warnings went unheeded by HBOS management Read More...

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MP calls for renewed investigation into KPMG’s role in HBOS collapse
Accounting Firms

MP calls for renewed investigation into KPMG’s role in HBOS collapse

8y Richard Crump , Writer

MP calls for renewed investigation into KPMG’s rol...

FRC should reconsider decision not to investigate KPMG's role as HBOS auditors prior to bank's collapse Read More...

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FRC strengthens client asset assurance to FCA
Accounting Standards

FRC strengthens client asset assurance to FCA

8y Chris Warmoll , Writer

FRC strengthens client asset assurance to FCA

New audit standard for assurance on client assets being presented to the FCA Read More...

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