The most recent Governance articles from Accountancy Age

Call to use JDS fine to pay Equitable investors

Penny Sukhraj — 2008-07-24T14:09:00.000Z

Penny Sukhraj, Accountancy Age, Thursday 24 July 2008 at 14:09:00

Equitable Members Action Group demands that any fine imposed on E&Y should be handed over to former Equitable Life policy holders

Any fine imposed on Ernst & Young as a result of the disciplinary investigation into the firm’s conduct while auditor of Equitable Life should be handed over to former policy...

No showdown after GLA forensic audit

Alex Hawkes — 2008-07-23T14:44:00.000Z

Alex Hawkes, Accountancy Age, Wednesday 23 July 2008 at 14:44:00

Forensic audit of GLA proves to be a damp squib and reveals 'ineptitude rather than corruption'

It was billed as the smoking gun. The London press were primed. The former mayor, Ken Livingstone, and his deputies, were braced....

UBS axes offshore services for US citizens

AA Freelancer — 2008-07-18T10:11:00.000Z

AA Freelancer, Accountancy Age, Friday 18 July 2008 at 10:11:00

The Swiss bank has already closed down its US offshore banking business and will no longer allow staff to travel to the US to meet clients

UBS is to axe more of its offshore banking services amid a $20bn (£10bn) tax-avoidance investigation by the US government into the investment bank's former operations....

Business fraudsters heading for hardline treatment

AccountancyAge.com — 2008-07-18T07:23:00.000Z

AccountancyAge.com, Accountancy Age, Friday 18 July 2008 at 07:23:00

Businessmen convicted of fraud face hard-line treatment as an alternative to jail under measures open to judges

Business people convicted of fraud could be struck off professional registers, ordered to wind up their companies and be forced to pay back their victims, under proporsed measures open to...

Overview: Mills is a boon

Nick Huber — 2008-07-17T18:25:00.000Z

Nick Huber, Accountancy Age, Thursday 17 July 2008 at 18:25:00

Prospects: Dame Barbara brings 'charm and steel' to her new role

Dame Barbara Mills has worked on some of the most high-profile fraud cases in recent history, battled with bureaucracy at the Inland Revenue and led the Crown Prosecution Service....

Europe blocks one-way traffic regulation by US

Penny Sukhraj — 2008-07-17T16:56:00.000Z

Penny Sukhraj, Accountancy Age, Thursday 17 July 2008 at 16:56:00

EU contributors put a fierce defence against US regulators

If regulators thought that shaping a system of overseas inspections and regulation was going to be easy, they won’t think so now....

Hogg wins FRC chair extension

David Jetuah — 2008-07-17T11:19:00.000Z

David Jetuah, Accountancy Age, Thursday 17 July 2008 at 11:19:00

Sir Christopher Hogg has had his term as chair of the Financial Reporting Council extended by a year

Sir Christopher Hogg has been asked to stay on as chair of the FRC for an extra year to make sure that the watchdog's governance changes are firmly in place....

SFO caseload increases in sea change

AccountancyAge.com — 2008-07-17T08:07:00.000Z

AccountancyAge.com, Accountancy Age, Thursday 17 July 2008 at 08:07:00

Under plans floated by SFO the case load will increase but fraud cases with little chance of success scrapped

In a sea change planned at the Serious Fraud Office (SFO), fraud cases with little chance of success will be scrapped in favour of more probes into crimes such as...

Credit Suisse takes on Lehman's ousted CFO

Gavin Hinks — 2008-07-16T10:12:00.000Z

Gavin Hinks, Accountancy Age, Wednesday 16 July 2008 at 10:12:00

Callan bags top hedge fund role despite dismal exit from Lehman Brothers

The former CFO of Lehman Brothers is to join Credit Suisse as a managing director and head of its global hedge fund business....

Eurostat execs win damages

Keith Nuthall — 2008-07-11T06:12:00.000Z

Keith Nuthall, Accountancy Age, Friday 11 July 2008 at 06:12:00

EU's anti fraud unit 'infringed right of defence' of statistics directors

Damages have been awarded to the former executives of European Union (EU) statistical agency Eurostat after it was found their human rights had been breached in a high profile EU...

Companies flying blind over execs and workforce pay link

David Jetuah — 2008-07-10T01:50:00.000Z

David Jetuah, Accountancy Age, Thursday 10 July 2008 at 01:50:00

Moves to make pay hikes in the boardrooms of the UK’s largest companies take rank called into question again as the deadline for the rule change draws closer

Moves to make pay hikes in the boardrooms of the UK’s largest companies take rank and file salary conditions into account have been called into question again as the deadline...

Newman blasts FRC over audit choice in final interview

Alex Hawkes — 2008-07-10T01:38:00.000Z

Alex Hawkes, Accountancy Age, Thursday 10 July 2008 at 01:38:00

BDO's Jeremy Newman voices concerns over the FRC's soft approach to audit choice issues in final interview

The FRC’s ‘softly, softly’ approach to dealing with audit choice issues may fail if another crisis happens within the next year or so, BDO Stoy Hayward’s departing managing partner Jeremy...

EU ministers move to rein in IASB powers

Penny Sukhraj — 2008-07-10T01:07:00.000Z

Penny Sukhraj, Accountancy Age, Thursday 10 July 2008 at 01:07:00

IASB under pressure as French finance minister calls for a formal limit on the term of its chairman

Political pressure on the international accounting standard setter has intensified, with demands led by the French finance minister calling for a formal limit on the term of its chairman and...

Wall Street wrong to blame credit crisis on accounting

Kevin Reed — 2008-07-09T10:06:00.000Z

Kevin Reed, Accountancy Age, Wednesday 9 July 2008 at 10:06:00

JPMorgan Chase chief slams Wall Street for blaming credit crunch on acocunting rules

JPMorgan Chase & Co's chief executive has slammed Wall Street bosses for blaming the credit crunch on accounting rules. Jamie Dimon said in an interview with Charlie Rose with US...

Germany signs Jersey tax deal

Rachael Singh — 2008-07-07T12:22:00.000Z

Rachael Singh, Accountancy Age, Monday 7 July 2008 at 12:22:00

Germany has made an agreement with Jersey for the exchange of information for tax purposes.

Germany is the latest country to have signed an agreement with Jersey over the exchange of information for tax purposes....