FRC

Going concern

Colin: FRC dig deep

Colin wonders where the FRC's 'going concern' audit timescale will end

01 Feb 2013

lord-sharman-2

Auditors' going concern judgment to extend beyond 12 months

Companies' ongoing financial health must be judged over a longer period of time, according to draft proposals put forward by the FRC

31 Jan 2013

Financial Reporting Council

FRC plans 8.5% hike to levy rates

Additional funding will be used to clear backlog of disciplinary cases and promote influence abroad

23 Jan 2013

Accounting regulation “toothless”, say readers

HP's £5.5bn write-down following its acquisition of Autonomy exposes "toothless" accounting regulation, say readers

04 Jan 2013

FRC deaf to profession's howls over fine calculations

Regardless of howls of opposition from the profession, the FRC is pushing ahead with changes to the way disciplinary fines are calculated

12 Dec 2012

FRC files formal complaint against Farepak director

CEO of Farepak's parent company will face an FRC disciplinary hearing in the first half of next year

11 Dec 2012

FRC to use firms' revenues to calculate disciplinary fines

In less than two months, audit and non-audit clients, profitability per partner and market could be considerations when handing out disciplinary fines

07 Dec 2012

Divisions over shape of new UK GAAP

FRC framework for reduced disclosures welcomed, but opinion split over shape of new UK GAAP

30 Nov 2012

Accountancy regulation “toothless”, say Citi analysts

Analysts at Citi, an advisor to Autonomy on the HP takeover, criticise the way financial reporting is policed by the FRRP

27 Nov 2012

New standards leave UK business with plenty to ponder

Advisors urge good planning and a considered approach to the introduction of new UK accounting standards

23 Nov 2012

FRC and ICAS investigate auditor competencies

FRC's conduct committee and ICAS join forces to look into whether auditor competency is fit for purpose in the current climate

21 Nov 2012

E&Y faces formal complaint over Farepak audit

FRC files disciplinary formal complaint against E&Y into its conduct as auditors to European Home Retail and its subsidiaries, including Farepak

15 Nov 2012

Standard setters vie for seat at IASB's top table

With limited space, national standard setters could be left scrapping for a seat on the new IASB’s advisory forum. The fight to influence proceedings begins now

15 Nov 2012

FRC amends actuarial standards to include pension incentive exercises

FRC changes scope to address concerns that members of defined benefit schemes may be misled by financial incentives

15 Nov 2012

FRC wraps up Equitable Life investigation

FRC finds no realistic prospect that a tribunal would make an adverse finding against ICAS member

13 Nov 2012

McLaren in codes and standards driving seat

The head of the FRC’s Codes and Standards Committee talks about the watchdog’s new structure and its strategic objectives

24 Oct 2012

FRC consults on improving financial reporting

Disclosures that do not meet the objective of financial reporting should be excluded from the financial report, FRC says

16 Oct 2012

FRC practices what it preaches

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

05 Oct 2012

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

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

Page 6 of 21

2shotguests

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?

The Practitioner: The promise of the pension pot

The combination of pensions drawdown and enterprise investment tax planning makes the Practitioner's mouth water - but can the firm get its pensioners lined up in a row?

Leader: Charity begins at home

With so many accountants require support and counselling, an already charitable profession must consider where its efforts go

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

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

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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.