Former Tory cabinet minister and qualified accountant Lord Wakeham was today urged to step down as chairman of the Press Complaints Commission while h...
View articleAndersen is facing another row over its audit work in the US, this time for failing to spot a £644m (£460m) error in the accounts of NASA, the US spac...
View articleThe head of US financial watchdog the Securities and Exchange Commission is to meet with members of the US' main accountancy regulator in a bid to per...
View articleThe ICAEW has denied suggestions that it is expected to hold an inquiry into former Tory energy minister Lord Wakeham's role as non-executive director...
View articleAndersen has today hit back at claims the firm is 'unusually close to the Labour party' after issuing a brief statement on its work for the UK governm...
View articleThe Enron scandal has been used as ammunition in the UK Parliament to cast doubt on the trustworthiness of private sector auditors. Read More...
View articleShares of RSA Security have fallen sharply following the news that US regulator the Securities & Exchange Commission is investigating the company's pa...
View article'That must have signed their death warrant,' one auditor was heard to say at a recent reception in the City following the news that Andersen had just ...
View articleThe audit process should be 'shielded' from any long-term pressures caused by non-audit services so that the independence of accountants' can be maint...
View articleInterrogators of Andersen auditors in the US over the collapse of US energy Enron warned other firms to beware yesterday. Read More...
View articleArthur Levitt, former chairman of the SEC, yesterday urged a Senate committee on Enron not to single out auditors as the cause of the energy giant's c...
View articleAn updated code of ethics has this week been published by the International Federation of Accountants after 'two long years'. Read More...
View articleGiven the current furore over the role of auditors in averting corporate failure, the Financial Reporting Council's annual accounts published this mor...
View articleGiven the current furore over the role of auditors in averting corporate failure, the Financial Reporting Council’s annual accounts published th...
View articleIt's taken two years but following the collapse of Enron, the new IFAC audit code of practice has been well received. Read More...
View articleDisgraced Andersen auditor David Duncan invoked his fifth amendment rights this morning and refused to speak during his appearance at a Washington con...
View articleAccountancy faces a crisis. It may be one of perception but it is a crisis nonetheless. Read More...
View articleFresh doubts surrounded the future of Andersen this week after insurance industry experts warned it was unlikely to meet any Enron-related claims, if ...
View articleShould auditors be doing more to actively police UK finances than they already do? Read More...
View articleUS accountancy watchdog the Public Oversight Board remains determined to shut its doors at the end of March despite heavy criticism from within the pr...
View articleI spend much of my time looking at audits where complaints have been made to the professional bodies. While it would be wrong to suggest that many aud...
View articleThe main audit watchdog in the US has announced its intention to wind itself up after the chairman of the SEC proposed a new audit regulator with stro...
View articleThe head of Big Five firm Deloitte & Touche suggested yesterday that corporate accounting policies should be changed in the wake of the Enron fias...
View articleStaff at Enron's Houston office shredded large quantities of accounting documents after the SEC said it was to investigate the company's finances, acc...
View articlePublic sector accountants will face compulsory career-long learning if a crucial vote of CIPFA members agrees a move towards mandatory continued profe...
View articleJohn Smith, financial director of the BBC and 2001 Accountancy Age Finance Director of the year, has been appointed to the Accounting Standards Board....
View articleTwo Labour MPs have renewed their attack on accountants selling non-audit services to companies they audit, following the Enron collapse involving And...
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