Regulatory bodies

Public Company Accounting Oversight Board

PCAOB uncovers audit failings at KPMG and PwC

Inspections by US's accountancy watchdog uncover failings in 38 audits carried out by PwC and KPMG

02 Sep 2013

Competition Commission website

Competition watchdog urged to water down audit tendering rules

Competition Commission told to scrap five year audit tendering plans in favour of FRC’s ten year 'comply or explain' approach

27 Aug 2013

flagscrumpled

FRC and PCAOB agree to joint audit supervision

Agreement allows for joint work on inspections and exchanges of otherwise confidential information

23 Aug 2013

PCAOB highlights worrying number of “deficient” audits

Firms auditing brokers and dealers found wanting by PCAOB inspections

21 Aug 2013

Tendering changes will cost audit market £100m a year

Taken together, FRC and Competition Commission audit proposals will cost accountants and businesses £100m a year

16 Aug 2013

PCAOB proposes biggest shake-up to US audit reports since 1940s

America's accountancy watchdog wants auditors to reveal more information about the listed companies they audit

14 Aug 2013

FRC rubbishes mandatory five year audit tendering

FRC warns five year tendering could result in a "sham process" that will undermine competition

13 Aug 2013

Grant Thornton facing two FRC audit probes

FRC is to scrutinise Grant Thorton's auditing of Manchester Building Society and drinks company Nichols

07 Aug 2013

FRC closes investigation into KPMG BAE audit

FRC closes investigation because no realistic prospect that a tribunal will make an adverse finding to undertaken so long ago

01 Aug 2013

MEPs cast doubt on compatibility of IFRS with EU law

A group of five MEPs call for a review of IFRS' compatibility with European company law

29 Jul 2013

RBS fined £5.6m over reporting blunders

City watchdog finds Royal Bank of Scotland failed to properly report 44.8 million trades between November 2007 and February 2013

25 Jul 2013

Competition Commission outlines five-year audit tenders

Auditors to bid for work every five years under new competition rules; but avoid mandatory rotation

22 Jul 2013

IASB makes progress on conceptual framework

Global standard setter puts draft of the conceptual framework revisions out for discussion

19 Jul 2013

FRC overshoots budget by £1.6m

Total expenditure in 2012/13 was £25.5m, driven up by a rise in disciplinary case costs

18 Jul 2013

US accountants applaud mandatory audit rotation block

US decision to prohibit mandatory audit rotation sends "clear message" to end debate in Europe

09 Jul 2013

FRC launches search for new conduct committee chair

Richard Fleck, chair of the FRC's conduct committee, is to step down at the end of the year

03 Jul 2013

New disciplinary arrangements published by FRC

FRC no longer be required to consult with the professional institutes before beginning an investigation under new disciplinary arrangements

01 Jul 2013

IASB chair calls for behavioural change in disclosures

Hans Hoogervorst outlines a series of "simple" measures that will improve disclosures in financial reporting

27 Jun 2013

FRC dismisses enhanced audit competition role

Reporting watchdog questions usefulness of secondary duty of promoting competition between audit firms

24 Jun 2013

IASB insurance contract rules “a new world” for insurance

New rules on the accounting of insurance contracts represent fundamental change according to profession

21 Jun 2013

Page 6 of 17

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

This web seminar will explain how finance directors can monitor and understand the various financial costs of staff turnover

Leader: Baker Tilly's naming nerves

Baker Tilly's impending name change opens up a range of possiblities, writes Calum Fuller

The Practitioner: R&D tax credit boon awaits clients

The Practitioner is gobsmacked at the opportunities for tax savings that R&D credits will bring for clients

Macro View: Soaring US dollar could unleash nasty global tremors

If upward pressures on the dollar escalate, its strength could become malignant and the blessing could become a curse

social-networking

Auto-enrolment: Know the workforce - assessing workers

Who 'works' for a business? A simple question, but one that requires careful consideration as far as meeting auto-enrolment requirements are concerned, writes Stephen Rowntree

Taking Stock: Haslers' marathon man avoids comfort break

Better out than in for long-distance runner

Taking Stock: Rickard very Keen on its psuedonym

Rickard Keen's move to limited status sees some unusual detail at Companies House...

Colin: EY-ers cheer on partner profits

Colin wonders how EY partners reacted to their profit figures

Share Price Centre

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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.