Audit Reform Special

baroness-hogg-frc-1

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

Hand wringing

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 at Moorgate Place

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

Big Four challengers give evidence to Competition Commission

Mid-tier firms give evidence to Competition Commission, claiming Big Four have a cosy relationship with big businesses

20 Feb 2012

Lawson urges tougher audit reforms from Brussels

Former chancellor urges European Commission to create rules for auditors

08 Feb 2012

PwC claims E&Y 'shadows' its Lloyds audit

PwC claims that E&Y has a shadow team set up to target its Lloyds Banking Group audit

27 Jan 2012

Can principles overule the rules?

Accounting standards must not slip towards complex rules, warns ICAS

24 Jan 2012

Page 7 of 19

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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

The Practitioner: Pruning clients, growing staff numbers

Not so easy come easy go for the Practitioner, as a troublesome client is finally given the heave-ho, but a new staff member is welcomed on board

Are ethics and profits mutually exclusive?

The markets crave trust, and business must be more proactive in its delivery

ABS: Will you be taking on too much?

While alternative business structures (ABSs) might benefit some accountancy firms, others could be in danger of overstepping their capabilities

p13-fraud

Internal auditors must up game over new anti-corruption rules

Government's more onerous anti-corruption plan means internal auditors must up their game

Colin: Audit losses go down badly

Colin imagines KPMG's reaction to losing Diageo audit

Colin: Deloitte redeems Gherkin

Colin speculates on what changes might take place at 30 St Mary Axe under the new Brazilian ownership

Taking Stock: Netsuite Twitter-trolls Sage CEO on first day

Sage and Netsuite chief executives engage in boisterous Twitter exchange

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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.