Audit Reform Special

unilever

Unilever swaps PwC for KPMG as auditor

Unilever to end 27-year audit relationship with PwC - KPMG to be its next auditor, while EY said it could not bid for the work

03 Dec 2013

sajjad-karim

British MEP confident of deal on EU audit reform

Sajjad Karim optimistic of agreeing common approach to EU audit reforms by end of the year

26 Nov 2013

target-men

Firms get strategic in lining up audit targets

Auditors will become more strategic in how they recruit, allocate resources and manage their cost base to attack FTSE 350 tenders

16 Oct 2013

Competition Commission waters down audit reforms

Competition watchdog retreats from contentious plans and imposes ten year audit tendering rules

15 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

EU moves close to imposing mandatory auditor rotation

Member states agree package of measures that will force companies to switch auditors

08 Oct 2013

Competition Commission must roll back on audit rules

Competition Commission must heed the view of business and adopt FRC approach to audit tendering rules

28 Aug 2013

Standard Chartered could drop KPMG as its auditor

KPMG could see itself ousted as auditor of investment bank after Standard Chartered begins tendering process

28 Aug 2013

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

Five-year audit tender costs disproportionate

Forcing companies to tender audit work every five years could prove costly, finds Richard Crump

16 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

Colin: Wheel of Fortune

Colin comments on the state of the audit market

06 Aug 2013

Another day, another audit rotation

The new fashion of appointing fresh auditors has yet to extend outside the Big Four

05 Aug 2013

PwC replaces Deloitte as auditors of Hargreaves Lansdown

Hargreaves Lansdown describes 50 year audit tenures as "embarrassing" as fund seller switches auditors to PwC from Deloitte

30 Jul 2013

Unilever puts PwC audit up for tender

Consumer goods giant first FTSE 100 business to change auditors following Competition Commission measures

29 Jul 2013

Mid-tier handed "permission to play" in FTSE 350 audit market

While not perfect, Competition Commission audit reforms means it is in the mid-tier's hands to pick up work

24 Jul 2013

FRC audit rules should have been given time to take root

Mandatory five year audit tendering will do little to improve competition for FTSE 350 work

23 Jul 2013

Competition questions over mandatory audit tendering

Profession raises question over merits of Competition Commission mandatory tendering rules

22 Jul 2013

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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

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

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.