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FRC

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FRC practices what it preaches

FRC avoids charge of “do as I say, not as I do”, by changing its auditor

05 Oct 2012

Financial Reporting Council

FRC undershoots annual budget by £1.1m

UK reporting watchdog cuts overall expenditure despite larger-than-expected costs associated with structural reform

03 Oct 2012

Financial Reporting Council

FRRP sees improvement in principal risks reporting

Reporting of principal risks and uncertainties in companies' annual accounts subject of improvement says FRRP

27 Sep 2012

ICAEW warns lack of accountability in FRC disciplinary reforms

Plans by the FRC to remove professional body consultation at the onset of an investigation could open up risks of unaccountability, warns ICAEW

24 Sep 2012

FRC announces newly formed Actuarial Council

Financial Reporting Council announces the membership of its newly formed regulatory committee, the Actuarial Council

10 Sep 2012

Ex-PwC and Ernst & Young partners head up FRC councils

Nick Land and Roger Marshall to chair FRC's audit and accounting councils

07 Sep 2012

Poll – AADB reprimands should reflect scale of crime

Just over half of readers feel stature of defendants should not affect the severity of punishments in AADB disciplinaries

29 Aug 2012

AADB closes investigation into E&Y Equitable Life actuary

FRC disciplinary board says no realistic prospect that a tribunal would make an adverse finding against the actuary concerned with audit of Equitable Life

17 Aug 2012

Profession up in arms over AADB fine calculations

FRC faces backlash from firms and institutes over changes to the way disciplinary sanctions are calculated. Nevertheless, changes are required

14 Aug 2012

FRC investigates PwC’s role as auditor of RSM Tenon

Disciplinary arm of FRC announces an investigation into members of PwC that conducted audit work of struggling firm RSM Tenon

13 Aug 2012

FRRP ticks off Pendragon for accounting error

Pendragon corrects its 2011 accounts after overstating its cash flows from operations and investment activities

09 Aug 2012

Treasury director Hegde takes FRC executive directorship

The FRC announces the appointment of Treasury director Mridul Hegde as executive director of strategy

25 Jul 2012

Institutes told to improve audit monitoring visits

FRC report highlights flaws in audit monitoring by bodies such as ICAEW, ACCA and ICAS, but defends role they play in regulating the profession

18 Jul 2012

FRC and French counterpart aim to trim financial notes

European reporting regulators publish joint discussion paper towards a disclosure framework for financial notes

13 Jul 2012

FRC disciplinary cases to be settled without need for tribunals

FRC consults on proposals to allow disciplinary cases to be concluded without the need for a full tribunal hearing

29 Jun 2012

Big Four book rise in audit fees for 2011

Big Four increase audit fees by 0.9%, compared to a 2.2% decline by their smaller counterparts in 2011

26 Jun 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

FRC identifies practical problems of single pay figure

Financial Reporting Lab releases investor views on simplifying remuneration reports

22 Jun 2012

FRC raises concerns in E&Y audit review

The FRC expresses worries over elements of Ernst & Young's auditing in a review to the year ending 31 March 2012

19 Jun 2012

PwC warned to improve in-house audit training by FRC

Partner training, appraisals, communicating with audit committees and ensuring audit quality is not jeopardised are all areas for improvement at PwC, says FRC

19 Jun 2012

Page 3 of 17

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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

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

#AAYP 2013: Talent is ageless, but youth unemployment is a problem

The principles of developing future leaders apply whether you've just left school or got years of experience under your belt

To quota or not to quota: that is the problem

Women on board quotas may have a bad rep, but it’s the only way to address inherent bias argues Fiona Hotston Moore

#AAYP 2013: Soft skills will be a necessity to being competitive

Accountants must continue to add value by advising our clients more predominantly on their structure and their long-term objective

man walks alone in arctic landscape

Walk before you can run, lessons on choosing the right IT system

Stepping back and choosing a simpler IT system might be the best way forward for the business explains Christophe Letellier

Colin: Colin was here

Colin loves to be the centre of attention, as the Sky News Twitter account can testify

Taking Stock: Life in the slow lane

It was less Wacky Races and more Sunday driving as a team from Reeves helped raise £15,000 for charity as part of a race to Monaco

Colin: Democracy bureaucracy

Colin wonders what the ICAEW's discussions over the botched ballot were like

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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.