Government Accounting

police-officers-using-a-mobile-device-while-on-duty

Scottish Police Authority audit quality panned

Unqualified 2013/14 accounts criticised while attention drawn to the poor quality of several aspects of the SPA's accounting records

22 Dec 2014

Audit Commission swept away

Accounts qualified for 1,000 ‘small bodies', reports Audit Commission

The Audit Commission dismayed at decline in quality of reporting for ‘small bodies' such as parish councils and Internal Drainage Boards, which spend around £570m of public money each year

11 Dec 2014

nettles

Governments told to grasp nettle on accrual accounting

Governments failed to address deficiencies in public sector cash-based accounting that were exposed by the sovereign debt crisis

07 Jul 2014

Colin: Will new head of financial control at GCHQ be called M

Colin might decide against going for this job advertised Accountancy Age

09 May 2014

UK public wants parliamentary Budgets balanced

Most UK adults want government to balance budgets over five years or less

17 Mar 2014

NEST Corporation accounts qualified after £1.4m fraud

The trustee body that runs the National Employment Savings Trust (NEST), has been defrauded out of more than £1.4m, and has had its accounts qualified

17 Jul 2013

Auditor general disagrees with MoD accounting

Comptroller and auditor general qualifies accounts for fourth year after disagreements on impairment and lease charges

17 Jul 2013

"Stark" challenge ahead for government finance staff

Government finance managers, and departmental FDs, need to step up another gear to drive departmental reform and savings

13 Jun 2013

MPs want government's accounts to be more meaningful

Public Accounts Committee describes Whole of Government Accounts as "elaborate", and must be made more useful

11 Apr 2013

AS2012: Government book-keeping change adds £70bn to the deficit

Chancellor says government is moving Bradford & Bingley and Northern Rock debt onto its balance sheet during Autumn Statement

05 Dec 2012

Argument erupts in parliament committee over draft audit bill

A parliamentary committee heard evidence of pitfalls and gaps in a local audit draft bill

30 Oct 2012

Lack of quality data hinders government's budgeting

Government departments need to better align budgeting and planning, says NAO

18 Oct 2012

Accounting rules must not impede business bank's creation

Think tank urges government to change accounting rules to keep loans needed to create state-backed investment bank off the country’s balance sheet

21 Sep 2012

"No basis" for MPs to offset accountants against tax bill

Advisors say there is "no basis" under which MPs can claim against the cost of hiring accountants, following a dispute between HMRC and IPSA over the matter

22 Aug 2012

Tax inspectors in MPs’ expenses dispute

The taxman and the Independent Parliamentary Standards Authority have clashed over MPs' business costs

21 Aug 2012

McBrides named as UKTI advisor for inbound business

Any business which approaches the UKTI with a view to setting up or expanding within the UK will be referred to a panel of accountants

21 May 2012

Cameron - who has the most important job of all?

Bobby Lane believes accountants have done more than the government in helping nurture and protect businesses

09 May 2012

Come on Cameron, cut out the accounting commentary

Throwaway comments about the profession are harmful. So stop it please, says Accountancy Age

08 May 2012

Cameron: Government 'not a bunch of accountants'

Sorting out government finances not just a business turnaround exercise, says the prime minister

08 May 2012

2,000 senior public staff paid through companies

Hundreds of senior public sector staff are paid through companies, despite working in their department for more than a year

03 May 2012

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This web seminar will explain how finance directors can monitor and understand the various financial costs of staff turnover

The Practitioner: Mastering a merger

The Practitioner calls for senior staff to step up to the plate: as clandestine merger meetings take place

Leader: KPMG's SME move part of a worrying change to small practice landscape

KPMG's foray into the SME market will likely succeed, but it must convince clients it will ‘care' in the same way a ‘local' practice would

The Practitioner: 'Tis the season to tidy up

The Practitioner lets loose with 'Deskgate', after losing the plot over yet another untidy area...

david-and-goliath-img

David vs Goliath? Small practitioners pick apart KPMG's SME move

Storm erupts after Big Four firm announces it will take on high-street accountants and the mid-tier accountancy firms that focus predominantly on SME market

Colin: Ben Affleck's costume drama

Colin wonders how much Ben Affleck's turn in The Accountant will differ from his previous roles

Taking Stock: Shooting begins on Affleck thriller The Accountant

Affleck is the star in Warner Brothers flick about and a mild-mannered accountant who becomes a high-class assassin by night

Colin: Captain Obvious joins the Lib Dems

Colin wonders what other bleeding obvious policies the Lib Dems will announce in the run-up to the election

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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.