FRC

Financial Reporting Council

FRC overshoots budget by £1.6m

Total expenditure in 2012/13 was £25.5m, driven up by a rise in disciplinary case costs

18 Jul 2013

piggybank-hands

DB pensions set for change under FRS 102

UK companies should prepare for a new regime for defined benefit schemes under FRS 102, writes Simon Taylor

08 Jul 2013

Richard Fleck APB chairman

FRC launches search for new conduct committee chair

Richard Fleck, chair of the FRC's conduct committee, is to step down at the end of the year

03 Jul 2013

Worthington Nicholls' auditor to face profession's tribunal

Ex-Haines Watts business unit Sixonethreeone and auditor Paul Newsham set to face FRC tribunal following investigation

01 Jul 2013

New disciplinary arrangements published by FRC

FRC no longer be required to consult with the professional institutes before beginning an investigation under new disciplinary arrangements

01 Jul 2013

FRC: Changes to make reports more investor friendly welcomed

A consultation to make financial reports more investor friendly has been welcomed

27 Jun 2013

FRC recruits Deloitte and BDO partners to Accounting Council

The profession’s watchdog has made several appointments to its accounting council including people from Deloitte, BDO and GlaxoSmithKline

26 Jun 2013

FRC dismisses enhanced audit competition role

Reporting watchdog questions usefulness of secondary duty of promoting competition between audit firms

24 Jun 2013

FRC draws line between internal and external audit staff

External auditors told to stay away from internal ones in a bid to safeguard against conflicts of interest

20 Jun 2013

Big Four fee growth outpaces smaller firms

Big Four firms report 7.7% increase in fees, while smaller firms grow by only 0.6%, FRC report finds

13 Jun 2013

FRC hands ex-Farepak director £65,000 sanction

European Home Retail CEO and Farepak director William Rollason fined and severely reprimanded by the FRC

12 Jun 2013

Taking Stock: Don't be concerned

Colin considers the meaning of the FRC's developments on going concern

10 Jun 2013

FRC rethinks controversial going concern proposals

Accounting regulator to change going concern proposals in response to criticism from the profession

07 Jun 2013

FRC may be handed audit market competition remit

Competition Commission may call in FRC to support measures to break audit dominance of the Big Four

07 Jun 2013

FRC makes changes significant changes to audit reports

The finance watchdog has made changes to ISA 700 - in the hope of increasing communication with investors

04 Jun 2013

FRC is sounding like a modern day Cassandra

Concerns raised in the FRC's latest round of audit inspections sound strikingly familar. Why has the profession failed to address them?

31 May 2013

FRC warns auditors over ethical failings

FRC reports a general improvement in the quality of audit work but identifies several areas of concern

29 May 2013

Success of FRS 102 needs to be replicated on going concern

The consultation process for FRS 102 was arguably the most wide-ranging the FRC has ever conducted. It should apply the same rigour to going concern

20 May 2013

Material uncertainties over FRC going concern guidance

No-one disputes Lord Sharman’s recommendations on going concern, but the FRC’s interpretation has been met with alarm

14 May 2013

FRC launches KPMG audit probes

FRC launches investigation into KPMG over independence Pendragon audit as well as investigating a partner's shareholding in a client company

10 May 2013

Page 4 of 21

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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

Bank raiding powers could put HMRC at top of insolvency pecking order

Will HMRC’s new bank raiding powers see insolvency practitioners pursuing it for funds taken illegally in the event of bankruptcy?

Miller's Tale: Quality time(sheets)

Love them or loathe them, timesheets are a part of day-to-day life for most practices. Cara Miller asks whether they're actually outdated, and a hindrance

The Practitioner: In death comes clarity

The untimely death of a client makes The Practitioner think about the role of an accountant

iht-key

Probate: How to manage death and taxes

Mick Jones takes a sideways, but informative, view on the issues accountants face in offering probate services

Colin: There's nothing like a well-thought-out plan

Colin wonders whether some SMEs are keeping it too simple

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

Share Price Centre

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

Locate an accounting practice that meets your particular business needs

HM Revenue & Customs

Head Of Financial Control

HM Revenue & Customs, Telford, Full Time, Permanent/p>

 

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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.