FRC

Financial Reporting Council

IFRS ‘disconnected’ from true and fair, investors claim

Group of institutional investors claim IFRS disconnected from the requirements for true and fair accounts

14 Aug 2014

sir-winfred-bischoff-2008-2

FRC chairman Bischoff to head JP Morgan’s European arm

Watchdog denies any conflict of interest in the chairman role, which has been approved by UK financial regulators

13 Aug 2014

Fire engine

FRC to probe Grant Thornton’s AssetCo audit work

Watchdog launches investigation as Grant Thornton faces £50.8m claim for negligence from the former providers of London’s fire engines

12 Aug 2014

EY drawn into C2000 audit investigation

FRC extends scope of investigation into C2000 accounts to include EY audit work

08 Aug 2014

FRC reveals ‘struggle’ in IASB discussions

Working with international standards body "like pushing water uphill", Haddrill admits

24 Jul 2014

MPs to grill FRC over going concern

Sir Win Bischoff and Stephen Haddrill face House of Lords Economic Affairs Committee grilling over going concern

22 Jul 2014

FRC consults on local audit regulation

Accounting regulator launches consultation on audit of local public bodies

22 Jul 2014

FRC faces Lords committee grilling over going concern

Watchdog's bosses will answer questions over controversial proposals, as investors blast plans

04 Jul 2014

Investors slam FRC going concern proposals

Plans to water down ongoing viability statements will be “damaging to the public interest”, according to top shareholders

04 Jul 2014

Use 'The Lab' to end going concern concerns

FRC cannot afford another consultation on going concern, it should send the debate to the Financial Reporting Lab

02 Jul 2014

Key facts paint picture of profession in good health

Latest annual key facts and trends in the profession report reflects a positive message about the health of the profession

23 Jun 2014

Extended audit and audit committee reports produce varied results

KPMG’s survey finds a variety of risks and approaches in extended auditor and audit committee reports

20 Jun 2014

FRC proposes joint tribunals for accountants and actuaries

Watchdog says changes will make disciplinary proceedings more efficient

20 Jun 2014

Non-audit clients provide largest fee growth for firms

Big Four firms continue to dominate, but other businesses' fee income recovers after five years of falls

12 Jun 2014

FRC scraps investigation into PwC’s Berkeley Group audit

FRC ends probe into PwC's independence when it conducted the audit of house building company Berkeley Group Holdings

12 Jun 2014

Baker Tilly faces FRC investigation over Tanfield Group audit

FRC confirms formal investigation after probing the audit firm in 2010

11 Jun 2014

FRC: True and fair overrides accounting standards

FRC reconfirms that a true and fair view remains fundamental requirement of financial reporting

06 Jun 2014

Bank audits not up to scratch, finds FRC

FRC inspection report highlights continued deficiencies in the quality and rigour of bank audits

28 May 2014

FRC consults on conventions for E-tagging of accounts

Consultation launched as FRC seeks to bring reporting in line with UK GAAP

09 May 2014

Newsham facing FRC tribunal over Worthington Nicholls audit

FRC launches disciplinary hearing into conduct of Paul Newsham, a former audit partner at Worthington Nicholls auditors Sixonethreeone

09 May 2014

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The Practitioner: Stitch-up means 'bye-bye client'

Breakdown in trust between The Practitioner and a client means it's time to call it quits

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

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Top 35 Networks 2013: The Survey

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

Taking Stock: Blessed are the tax collectors

Is tax avoidance sinful? TS muses

The Practitioner: Stitch-up means 'bye-bye client'

Breakdown in trust between The Practitioner and a client means it's time to call it quits

CONFIRMED - Accountants are sexy beasts

Accountants are among the most interesting workers in the bedroom, apparently

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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

Find Me An Accountant

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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.