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Accountancy Matters

Operational risk

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

sad-face

Audit reforms are a great compromise: no one is happy

Neither the Big Four nor mid-tier firms are happy with Sajjad Karim’s proposals for 14-year mandatory audit rotation. The essence of a good compromise

26 Apr 2013

attic clutter

Integrating the reporting clutter

Reporting of non-financial information is to be applauded, but will add to the disclosure burden in the short term

18 Apr 2013

A bank carve-out would be thin end of reporting wedge

Carving out separate IFRS for banks will not prevent systemic shocks

31 Jan 2013

Audit reform aboard the slow train of Europe

An initial vote on controversial reforms of the audit market are due in March, but don't be surprised by more delays

28 Jan 2013

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 practices what it preaches

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

05 Oct 2012

Audit competition depends on how you look at it

Big Four and mid-tier views over what constitutes competition are so distant it is questionable whether Competition Commission findings will settle argument

25 Sep 2012

AADB sanctions will prompt wistful thinking

The Big Four may look back wistfully at the days when a record fine could be represented by the paltry sum of £1.4m

23 Apr 2012

What's the hold up, Barnier?

Barnier's audit reform publication has been delayed, but is it down to eurozone crisis or stakeholder resistance?

24 Nov 2011

November is the cruelest month (for audit)

PwC racks up four embarrassing audit exposures with E&Y and KPMG hot on their heels

11 Nov 2011

Risk report chairman talks big on disclosure

Risk reporting expert Bill Knight mocks RBS for poor disclosure, but where was he in 2008?

07 Nov 2011

Joint audit – duplication or two pairs of eyes?

If joint audit offers two pairs of eyes, isn't that the same thing as duplicated work?

31 Oct 2011

BIS gets busy on audit reform

BIS's leaked anti-audit reform email – embarrassing but revealing

27 Oct 2011

Barnier and Competition Commission play good cop, bad cop

The Competition Commission investigation looks less scary next to Brussels' proposed audit reform

25 Oct 2011

Audit split could be stalemate for Big Four

Splitting audit and non-audit service provision could hog-tie both sides

07 Oct 2011

FRC reform keeps us guessing

FRC reform remains a mystery as stakeholders await consultation

04 Oct 2011

Is the IASB tired of convergence?

IASB vice-chairman Ian Mackintosh seems tired of pushing the convergence agenda

30 Sep 2011

Audit rotation and the consultation conundrum

US and European regulators are considering mandatory firm rotation, but what is the value of consultation?

23 Sep 2011

Local public audit's silent custodian

The National Audit Office is central in the future of local public audit, but its role is hard to grasp

21 Sep 2011

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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

Profession reaches end of its tether with PAC

After the Public Accounts Committee's latest hearing - in which it heavily criticised Google's tax affairs - many advisers have had enough

#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

CABA's Wendy Saunders and CEO Kath Haines

Feature: Inside the Chartered Accountants' Benevolent Association

After seeing a 70% rise in demand, Calum Fuller visited the Chartered Accountants Benevolent Association to learn more about its efforts to provide support

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

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

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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.