Audit Commission

Audit Commission swept away

Accounts qualified for 1,000 ‘small bodies', reports Audit Commission

The Audit Commission dismayed at decline in quality of reporting for ‘small bodies' such as parish councils and Internal Drainage Boards, which spend around £570m of public money each year

11 Dec 2014

West Yorkshire Police

Council investigated by financial police after PKF audit report

PKF Littlejohn discovered that Keighley Town Council may have taken "unlawful actions" and acted "without consideration of its legal powers"

21 Nov 2014

Jeremy Newman

Last post sounds for Audit Commission as it bequeaths further savings

Audit Commission set to leave legacy of lower audit fees as it readies itself for demise

16 Oct 2014

Power of audit debate shifts perceptions - marginally

Divergent opinions still exist over the level of rigour applied by the audit profession

10 Oct 2014

LGA creates new company to fill Audit Commission’s demise

Local Government Association sets up independent company in preparation for the closure of the Audit Commission in March 2015

03 Oct 2014

‘Rising concerns’ over NHS trusts' finances

More than a third of health bodies’ audits find value for money issues, Audit Commission reveals

24 Jul 2014

FRC consults on local audit regulation

Accounting regulator launches consultation on audit of local public bodies

22 Jul 2014

Local audit changes could undermine auditor independence

Transparency International warns changes to local audit system may "inadvertently allow corruption to thrive"

15 Nov 2013

Value of the Competition Commission has been in its very existence

Competition Commission's failure to address sufficiency of suppliers in the market is a matter for regret

23 Oct 2013

Report questions auditors' ethics

Research from Harvard finds auditors in India are bending the rules for the benefit of senior management at the company in which they are auditing

14 Oct 2013

TomTom CFO takes right route to NED role

TomTom CFO Marina Wyatt joins the board of Shanks Group as a non-executive director

02 Apr 2013

Local Audit Bill has “gaping holes”, says Hodge

Arrangements set out in Local Audit Bill "will result in a more complex and fragmented audit regime", says Margaret Hodge

18 Jan 2013

Public sector audit work improves for 2011/12

Audit Commission finds there have been improvements in the standard of financial reporting at local bodies

14 Dec 2012

ICAEW urges local audit cost rethink

Government must ensure firms are paid when they conduct a public interest report to hold local authorities accountable

21 Nov 2012

150 Audit Commission staff join Ernst & Young

Commission staff take up new roles at E&Y, after the firm swept up east and south-east audit contracts

13 Nov 2012

Argument erupts in parliament committee over draft audit bill

A parliamentary committee heard evidence of pitfalls and gaps in a local audit draft bill

30 Oct 2012

Jeremy Newman lined up for Audit Commission chair

Eric Pickles lines up former BDO chief Jeremy Newman to wind down Audit Commission

29 Aug 2012

Waterman to head up Audit Commission

Marcine Waterman will take on the controller of audit role, succeeding chief executive Eugene O'Sullivan, from 1 September

25 Jun 2012

Audit Commission: An opportunity missed

The tender process for farming out Audit Commission work hasn’t opened up the market

05 Apr 2012

FRC urges auditors to go back to their roots

FRC publishes paper urging auditors to consider the original philosophy and principles of auditing - scepticism

02 Apr 2012

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The Practitioner: 'Tis the season to tidy up

The Practitioner lets loose with 'Deskgate', after losing the plot over yet another untidy area...

AS2014: Osborne's reforms sensible - IoD

Sensible reforms preface more radical tax policies in next parliament, writes Institute of Directors' head of taxation Stephen Herring

#AS2014: ACCA still concerned over public coffers, despite spending plans

Government's spending plans give false impression of state of the UK's finances, writes ACCA's Chas Roy-Chowdhury

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Intermediary rules: What your clients need to know

Alastair Kendrick walks through the new landscape for workers engaged through intermediaries, and finds that clients might not have up-to-scratch systems and processes

Taking Stock: Massaging the figures

TS was pleased to note some interesting methods to alleviate Christmas stress

Colin: Using Google to make money out of the net

Colin thinks Osborne's latest tax wheeze means he is not such a bad egg after all

Taking Stock: Daddy issues at French Duncan

Taking Stock spares a though for Alasdair Cairns, who has just gained a new boss. His dad.

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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.

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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.