Audit Reform Special

michel-barnier

Investors make last ditch attempt to sway audit reforms

Investors representing €732bn in Europe send letter to European Commissioner Michel Barnier to take tough stance on audit reforms

17 Sep 2012

european-commission2-0909

European audit reforms watered down

Mandatory auditor rotation moves from every six to 25 years

10 Sep 2012

Audit magnifying glass

Audit reforms could lead to less protection, say firms

Survey of Top 100 firms shows that 63% believe reforms such as auditor rotation will provide less protection for investors and the public

25 Jul 2012

PwC leapfrogs Deloitte as global networks boost revenues

Fee revenue growth rate increases, as emerging markets continue to bolster international networks

09 Jul 2012

FRC receives green light to reform its structure

House of Lords and House of Commons approve reform of FRC which will see its seven departments reduced to two

26 Jun 2012

Arguments against auditor rotation appear desperate

The argument that changing auditor risks a decline in audit quality cannot be taken seriously, writes Eric Tracey

11 Jun 2012

ICAEW: Regulation won’t instil trust in auditors

The profession, not the regulators, must drive to inject trust into the profession says ICAEW chairman of audit and assurance

21 May 2012

RPC liability expert Howard joins Wragge & Co

Jane Howard takes her professional liability expertise to Wragges

09 May 2012

Quality the casualty in "brutal" audit price war

Savage price competition is turning audit into a commoditised product where price, and not quality, is the order of the day

04 May 2012

The longer the audit tenure the better says Dutch research

Research from a Dutch university shows auditors that have worked with a company for longer than 10 years have a positive effect on financial statements

26 Apr 2012

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

Audit: The Next Frontier

How can auditors and regulators work together to restore trust in the financial systems, asks Deloitte Touche Tohmatsu’s global director Roger Dassen

23 Apr 2012

FRC consults on revamped stewardship definition

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

23 Apr 2012

ICAS says FRC audit reforms don’t go far enough

Scottish Institute says FRC reforms should force auditors to give assurance on entire report and not just in exceptions

20 Apr 2012

FRC waters down audit tendering rules

The FRC is diluting its proposed plans to force all listed companies to change auditor or explain why they haven’t

20 Apr 2012

Dutch to act as catalyst for EC auditor rotation changes

Netherlands reform to introduce mandatory auditor rotation could be catalyst for EC to introduce Europe-wide proposals

16 Apr 2012

Lobbyists want Barclays auditors voted out

Pirc against re-appointment of auditors PwC and non-exec Sir Mike Rake over concerns that accounting rules allow banks to overstate profit

11 Apr 2012

China will help create Big Six

Asian accounting growth the most likely route to Big Four competition, says Sir David Tweedie

05 Apr 2012

Tweedie wants audit and reporting "evolution"

Reporting and auditing that "tells the full story" is needed post-crisis, says new ICAS president Sir David Tweedie - but not through revolution

05 Apr 2012

ICAEW: Banks should reveal auditor disagreements

Banks should disclose key accounting disagreements with auditors in their annual reports, the ICAEW believes

13 Mar 2012

Page 6 of 18

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Mehjoo: No such thing as a general retainer?

The long-running legal dispute between midlands firm Harben Barker and client Hossein Mehjoo emphasises the importance of clear terms, write Andrew Howell and Alexa Segal

The Practitioner: If you don’t ask you don’t know

Can the practitioner face their fears and asked the fee question?

Miller's Tale: Women perfectly placed for accountancy's evolution

Women are making their way into the world of finance with more pace than ever before - but how far up the ladder they can climb? And how are they perceived? Accountant, and Accountancy Age columnist, Cara Miller debates this hot topic

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

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

The Practitioner: Calls waiting

With The Practitioner's firm on the receiving end of less-than-desirable telephony service, thoughts move to maintaining the best client dealings through new staffers

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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.

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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.