Audit Reform Special

European flag

Wrangling persists over who should oversee auditing in the EU

Supervision, mandatory rotation and a black-list for non-audit services proved contentious when discussed by EU finance ministers

31 May 2013

Interview: New IFAC chief executive Fayez Choudhury

Choudhury talks about ramping up the global accountancy representative's offering - while trying to make sure the profession isn't misunderstood

28 May 2013

Euro Parliament

Close season endangers swift passage of EU audit reform

Commentary on Juri's recent clearance of its version of rules to revise company audits tends to be "let's try to make the best of things"

30 Apr 2013

Audit reforms are a great compromise: no one is happy

Neither the Big Four nor mid-tier firms are happy with Sajjad Karim’s proposals for 14-year mandatory audit rotation. The essence of a good compromise

26 Apr 2013

Audit reforms “nudge” in right direction but leave many unsatisfied

Compromised stance on auditor rotation periods leave profession unsatisfied for different reasons

26 Apr 2013

Europe imposes mandatory rotation on audits

MEPs vote for mandatory rotation of auditor every 14 years, although this can be extended to 25 years by some member states

25 Apr 2013

Competition Commission revises audit reform timetable

Revised timetable sees final report brought forward to September

25 Apr 2013

Audit market “flirting with stagnation”, says PCAOB chair

Lack of information and difficulty in discerning the difference between audits risks market stagnation, warns James Doty

19 Apr 2013

FCA chairman Griffith-Jones under fire over HBOS audits

The new City watchdog was last night fighting to defend its chairman amid accusations that as head of its auditors KPMG, HBOS pursued reckless lending strategy

09 Apr 2013

Big Four find Competition Commission audit conclusions lacking

Big Four audit firms criticise basis of watchdog's conclusions as "flawed", "unsound" and based on selective evidence

08 Apr 2013

Colin: The ideal candidates for audit reform

Colin suggests candidates falling well within the criteria for audit reform

02 Apr 2013

Tension grows as EU audit decision looms

A recent Brussels conference captured the full range of views over the future structure of the audit market

02 Apr 2013

Transparency and flexibility are keys to audit reform

European parliament hears transparency, quality and role of investors must be addressed in audit reforms

27 Mar 2013

FRC disagrees with Competition Commission rotation plans

FRC claims mandatory auditor rotation would undermine audit committees' authority

20 Mar 2013

EU committee votes for seven-year auditor tendering

Econ committee's position sets up auditor tendering: the lead committee's final decision is due in April

18 Mar 2013

FRC boss defends 'comply or explain' audit tendering

UK competition and reporting watchdogs at loggerheads over comply or explain provision for mandatory audit tendering

27 Feb 2013

Scepticism sits low on FDs' audit priorities

Financial Director survey finds many other traits rank above scepticism and challenge when assessing auditors' qualities

27 Feb 2013

Investor power at core of Competition Commission remedies

Greater visibility of work done by auditors and audit committees will prove their interests are being served

26 Feb 2013

Non-audit remains "point for discussion" within Europe

MEP Sajjad Karim tells Accountancy Age he agrees with many of the proposals put forward by the Competition Commission, but non-audit services remains a point for discussion

25 Feb 2013

Big Four dismiss claims they are failing shareholders

Competition Commission claims that auditors have misaligned incentives between shareholders and management, denied by Big Four

22 Feb 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

This web seminar will explain how finance directors can monitor and understand the various financial costs of staff turnover

Leader: Baker Tilly's naming nerves

Baker Tilly's impending name change opens up a range of possiblities, writes Calum Fuller

The Practitioner: R&D tax credit boon awaits clients

The Practitioner is gobsmacked at the opportunities for tax savings that R&D credits will bring for clients

Macro View: Soaring US dollar could unleash nasty global tremors

If upward pressures on the dollar escalate, its strength could become malignant and the blessing could become a curse

Audit magnifying glass

New audit threshold reform – a threat or an opportunity?

What should smaller firms be doing to prepare for the impending audit threshold reforms? Having a strategy to work smarter, differently, than in the past is a must, writes Simon Warren

Colin: Chocolate coin meltdown

Colin ponders the impact of chocolate coins being pulled 'out of circulation'

Colin: No-go for new Tesco logo

Colin attempts a unilateral rebrand for Tesco

Taking Stock: Haslers' marathon man avoids comfort break

Better out than in for long-distance runner

Share Price Centre

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Appointments to University Committees

University of Glasgow 120x60University of Glasgow - Glasgow - unremunerated positions

 

 

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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.