Audit Reform Special

Big Four

Competition Commission aims to break Big Four dominance

Competition Commission proposes remedies after investigation finds audits too often fail to fulfil their intended purpose

22 Feb 2013

Big Four breakup

Big Four audit dominance has "adverse" effect, CC to find

The Big Four dominance of the listed audit market has an "adverse" effect on competition, an investigation into the firms' concentration of the market is expected to find

18 Feb 2013

kpmg reception

Audit committees don't understand their annual reports

Two-fifths of audit committees from around the world believe their annual reports cannot be understood

30 Jan 2013

E&Y cleared by FRC over Lehmans audit

Ernst & Young face no further investigation from the UK's accounting watchdog

29 Jan 2013

Leader: Accountants are victims of their own success

Advisers' ability to permeate and influence throughout the business world makes them a target for vilification, suggests Kevin Reed

28 Jan 2013

Audit reform aboard the slow train of Europe

An initial vote on controversial reforms of the audit market are due in March, but don't be surprised by more delays

28 Jan 2013

EU and UK audit reforms hit by delays

Competition Commission postpones provisional findings until February while European reforms beset by political wrangling

23 Jan 2013

Sir David Tweedie: Audit upheaval a "wonderful opportunity"

ICAS president says audit standard setters' plans could make audits more vital to stakeholders - and show off the work undertaken

17 Jan 2013

KPMG replaces PwC as Schroders auditor

KPMG wins Schroders audit, ending PwC's 50-year tenure as the fund manager's auditor

09 Jan 2013

Interview: MEP Sharon Bowles, advocate for audit change

Down to earth - not shy and retiring - Bowles lays out her thoughts on the extent to which audit reforms must be set

08 Jan 2013

Leader: Why is 'most trusted' tag reassuring for accountants?

Survey that shows accountants are 'more trusted' than banks proves a massive hit - but why should that be the case?

18 Dec 2012

FRC and ICAS investigate auditor competencies

FRC's conduct committee and ICAS join forces to look into whether auditor competency is fit for purpose in the current climate

21 Nov 2012

Audit needs to adapt or risk becoming “irrelevant”, say experts

A panel debate by some of the leading experts in the profession warn that audit reports need to change or risk becoming irrelevant

20 Nov 2012

EU business wants diverse audit, claims GT

Experian survey finds majority of companies across the EU want a more diverse audit market

09 Nov 2012

Firms vie over FTSE 350 audit market definition

Big Four and mid-tier disagree over Competition Commission definition of audit market

29 Oct 2012

Audit Commission contract win sees Mazars open new office

Mazars’ recent contract win for public sector audits in the North East and Yorkshire sees the firm open up its first office in the area

29 Oct 2012

PwC gets vocal over lost BG audit

The Big Four firm is unusually chatty about losing a major audit, notes TS...

25 Oct 2012

Competition Commission delay won’t halt EU audit reforms

Euro MEP Sajjad Karim will push ahead with the proposed EC audit reforms timetable - regardless of Competition Commission delays

19 Oct 2012

Competition Commission delays audit inquiry findings

UK watchdog pushes back provisional findings of audit investigation to January

17 Oct 2012

Interview: Euro MP Sajjad Karim on steering audit reform

Accountancy Age speaks to the British MEP about how he is steering the EC's planned reform of the audit market through the European parliament

08 Oct 2012

Page 5 of 19

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

The Practitioner: Funding for growth - options galore

The Practitioner is astounded at the choices available for funding the firm

Leader: Can Tesco questions be answered without more red tape?

Will Tesco's problems be answered by rolling heads and improved controls? Hopefully businesses won't be punished with more red tape

Leader: CFOs must prepare for a more devolved UK

CFOs must consider the potential for all four of the UK nations to set different tax rules and implement separate business environments

doctormagnifying

Accountants need a better bedside manner

Step back and put your self in other people's shoes, says chartered accountant Sydney Callis

Taking Stock: ICAEW Council takes a wee break

ICAEW Council meetings taking an uncomfortably long time to get through, TS notes

Colin: Swoop to the rescue

Colin wonders who might be interested in Phones4U's plight

Colin: If you look after the pennies, Tesco...

Colin speculates on the state of Tesco's staff lounge following news of its profits recognition crisis

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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.