The Auditing Practices Board is still working on the guidance on ‘aggressive earnings management’, of manipulation of accounts.
Jon Grant, technical director at the APB, said the guidance is on the agenda for the next board meeting and should be out shortly.
The move is hoped to prepare auditors for the imminent downturn in the economy that is widely expected to lead to increased pressures on company directors to hit targets. This in turn could lead to a manipulation of figures.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast