Regulatory bodies

City of London

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 chairman James Doty

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

City of London

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

FRC draws line between internal and external audit staff

External auditors told to stay away from internal ones in a bid to safeguard against conflicts of interest

20 Jun 2013

FRC hands ex-Farepak director £65,000 sanction

European Home Retail CEO and Farepak director William Rollason fined and severely reprimanded by the FRC

12 Jun 2013

FRC rethinks controversial going concern proposals

Accounting regulator to change going concern proposals in response to criticism from the profession

07 Jun 2013

FRC may be handed audit market competition remit

Competition Commission may call in FRC to support measures to break audit dominance of the Big Four

07 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

The Practitioner: Stitch-up means 'bye-bye client'

Breakdown in trust between The Practitioner and a client means it's time to call it quits

New scheme provides 'access all areas' to the profession

Historic definition of what future accounting talent looks like is changing

The Practitioner: Heading off client's 'value' query at the pass

A client's new in-house accountant forces the Practitioner to up their game

House of Cards

Firm of cards: The politics of partnerships

Accountants may deny any sense of engaging in the dirty art of politics but, at their core, they are political animals

Taking Stock: TS match special

Two of the Top 50+50's big hitters went head-to-head in the County Cricket Championship

Colin: Alas! Tax! We knew it well

Colin speculates on how theatres might feel about tax relief

Taking Stock: No humble pie after anti-PwC newspaper ad

PwC US and PwC Gibraltar namechecked in what TS can only describe as a 'cryptic' newspaper advert

Share Price Centre

Track the fortunes of UK-listed companies with our Share Price Centre

PI Insurance

Professional Indemnity insurance tailored to the needs of small- to medium-sized practices

Find Me An Accountant

Locate an accounting practice that meets your particular business needs

Financial Planning and Performance AnalystCabinet Office-Greater London-Competitive

 
 
 
 
 
 
 
 

 

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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.