Audit Committee

microscope

FRC hedges bets over audit governance

FRC governance proposals will restore faith in reporting process, while audit tendering rules signal a split from EC stance

25 Apr 2012

Life peer Baroness Hogg is a crossbencher in the House of Lords

FRC consults on revamped stewardship definition

Financial Reporting Council consultation which could change definition of stewardship in the UK

23 Apr 2012

Time

APB presents auditors with history lesson

Accountancy Age delves into the eccentric but emotional APB report, pleading with auditors to inject scepticism into their role

04 Apr 2012

Ex-KPMG partner takes audit committee chair role at Kofax

Wade Loo spent 30 years at KPMG latterly as partner, retiring in 2010

10 Feb 2012

Clifford cuts a rug at Carpetright

Former KPMG partner David Clifford joins Carpetright

21 Nov 2011

Audit committee chairs question Brussels' reforms

Audit committee chairs are unconvinced by proposed EC audit reforms and believe UK audit to be the best in Europe

01 Nov 2011

New audit committee chair for Crawshaw

Mark Naughton-Rumbo is the new audit committee chair at butcher chain Crawshaw

25 Oct 2011

BDO: Majority of audit committee reports unsatisfactory

Audit committee reports falling short of corporate governance best practice, BDO claims

25 Oct 2011

ENRC investigators find no financial irregularities

Mining business claims that investigations by advisor have given it the all-clear

10 Aug 2011

Avia executive swaps FD role for audit committee

Avia's part-time FD Nigel Leavy is swapping his calculator for the top spot on the audit committee

26 Jul 2011

Deloitte criticised over AIM audit client work

Audit Inspection Unit hits out at Deloitte's audit work with AIM-listed client

26 Jul 2011

BDO urged to avoid cross-selling

BDO's growth should not lead to non-audit services being sold to audit clients, says AIU

26 Jul 2011

Lack of audit scepticism trips E&Y

Audit scepticism a worry as E&Y undergoes its annual audit inspection

26 Jul 2011

PwC must improve goodwill impairment auditing

Audit Inspection Unit finds issue with PwC's goodwill impairment and revenues audit work

26 Jul 2011

KPMG must improve review procedures

Inspectors say greater scepticism is needed in KPMG audits

26 Jul 2011

Grant Thornton slips in biennial audit review

Grant Thornton annual audit inspection shows quality may be slipping as two audits 'need significant improvement'

26 Jul 2011

News Corp audit committee against the wall

Is News Corp's audit committee being lined up to take the wrap for hacking misdemeanours?

21 Jul 2011

Local government 'unprepared' for audit changes

KPMG's survey shows 44% of local authorities lack the expertise to appoint their own auditors, while a further 24% are unsure of their abilities

13 Jul 2011

MPs 'disappointed' by Audit Commission axing

MPs and experts are disappointed at the summary execution of the Audit Commission, which they said is without justification

11 Jul 2011

Cable & Wireless appoints accountant to audit committee

Chartered accountant David Lowden has been appointed to Cable & Wireless's audit committee

07 Jul 2011

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Bank raiding powers could put HMRC at top of insolvency pecking order

Will HMRC’s new bank raiding powers see insolvency practitioners pursuing it for funds taken illegally in the event of bankruptcy?

The Practitioner: The promise of the pension pot

The combination of pensions drawdown and enterprise investment tax planning makes the Practitioner's mouth water - but can the firm get its pensioners lined up in a row?

Leader: Charity begins at home

With so many accountants require support and counselling, an already charitable profession must consider where its efforts go

linkedin-screenshot-1-web

Social networking: How does the Top 50 stack up?

Firms are failing to realise the business benefits of social media sites such as utilising LinkedIn

Colin: There's nothing like a well-thought-out plan

Colin wonders whether some SMEs are keeping it too simple

Taking Stock: When tax is stranger than fiction

Sometimes you just can't make it up, TS finds

Scrapping IR35 all very well – but what else?

IR35 has proven ineffective, but 'what are the alternatives?' asks Calum Fuller

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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.