Audit Reform Special

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Leader: Minimal audit change leaves quality question unanswered

UK and EU audit market interventions lack the oomph to create a huge impact - and so quality remains an issue, says Kevin Reed

18 Dec 2013

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Last minute deal pushes through EU audit reform

EU rules will impose mandatory audit rotation, restrict non-audit services, cap non-audit fees and enhance supervision

17 Dec 2013

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Preliminary agreement reached on EU audit reform

Framework on EU audit reform is now subject to final agreement by member states later this week

17 Dec 2013

Audit trilogue negotiations set to restart

Negotiations on between parliament, the EU Council and European Commission on EU audit reform set to restart

16 Dec 2013

Berkeley Group hires KPMG for audit role

Housebuilder breaks audit tie with PwC after 24 years, recruiting KPMG for the role

09 Dec 2013

Deloitte replaces PwC as Marks & Spencer's auditor

Marks & Spencer changes auditor for first time since 1926

06 Dec 2013

EU audit reform talks suspended

Audit reform negotiations called off as MEPs fail to agree to compromises put forward by parliament

05 Dec 2013

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

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

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

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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

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

The Practitioner: Struggling client holds WIP hand

A client of The Practitioner is in financial difficulties, owing the practice a lot of money...

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Top 35 Networks 2013: The Survey

Our full survey results of the top 38 accounting networks, associations and alliances

Colin: Icebreaker celebs could soon be...

Colin speculates on the effect HMRC's latest set of powers could have

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

HMRC must apply common sense to pay-up first plans

For those who espouse the morals of paying tax, HMRC's latest strategy doesn't quite sit right

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

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Locate an accounting practice that meets your particular business needs

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Charity Commission, Kent/Berkshire/Surrey/Hertfordshire
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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.