Audit threshold to rise to £4.8m
Audit

Audit threshold to rise to £4.8m

23y Michelle Perry

Audit threshold to rise to £4.8m

The government could raise the audit threshold for small companies to the European maximum of £4.8m as early as Monday, Accountancy Age has learned. R...

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A shaky Foundation
Audit

A shaky Foundation

23y Accountancy Age

A shaky Foundation

We learn this week the new accountancy watchdog, the Foundation, will be fully operational by January. Wasn't that January 2001 you might ask? Or, as ...

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Andersen denies Enron blame
Audit

Andersen denies Enron blame

23y Alex Miller.

Andersen denies Enron blame

Andersen this week revealed the Securities and Exchange Commission is investigating the finances of its audit client Enron over accounting mistakes ma...

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Letters - Chain mail: institute circular arms firms over red-tape
Audit

Letters - Chain mail: institute circular arms firms over red-tape

23y Accountancy Age

Letters - Chain mail: institute circular arms firm...

As ever I read ‘Taking Stock’ with interest, more so when I saw mention of my own institute (ICAEW Out of Touch, page 36, 25 October). At ...

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Numerica stirs new audit row.
Audit

Numerica stirs new audit row.

23y Alex Miller.

Numerica stirs new audit row.

The ICAEW has broken with tradition by allowing a publicly-listed company to employ practising auditors. In a move that could spark fresh audit indepe...

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Auditors rally over rulebook.
Audit

Auditors rally over rulebook.

23y Michelle Perry

Auditors rally over rulebook.

Complex accounting rules and growing demands by regulators are piling on the pressure and widening the expectation gap, complained auditors this week....

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Accountancy Age recognised.
Audit

Accountancy Age recognised.

23y rumo , Writer

Accountancy Age recognised.

Accountancy Age editor Damian Wild (left) has been shortlisted in the prestigious British Society of Magazine Editors Annual Awards. This is the secon...

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Letters - To reach people's hearts institutes should behave as beacons of good practice
Audit

Letters - To reach people's hearts institutes should behave as beacons of g...

23y Accountancy Age

Letters - To reach people's hearts institutes shou...

I am not surprised many finance directors consider they don’t get value from their fees (Institutes fail to satisfy, page 3, 18 October). For mo...

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Resource accounting to boost Whitehall
Audit

Resource accounting to boost Whitehall

23y our parliamentary staff

Resource accounting to boost Whitehall

Whitehall accountancy supremo Sir Andrew Likierman has promised that the switch to resource accounting will see the time taken to produce government f...

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'Lightweight' audit results due
Audit

'Lightweight' audit results due

23y Michelle Perry

'Lightweight' audit results due

Long-awaited test results for the independent professional review, the so-called lightweight audit, will be published on Monday further fuelling debat...

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PwC set to lose Accenture audit
Audit

PwC set to lose Accenture audit

23y Alex Miller.

PwC set to lose Accenture audit

Big Five firm PricewaterhouseCoopers has been asked to resign its position as the auditor for Accenture, after failing to offload its consultancy arm....

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Andersen approves Enron accounts plan
Audit

Andersen approves Enron accounts plan

23y Alex Miller.

Andersen approves Enron accounts plan

Andersen is understood to have approved the off-balance sheet arrangements for its audit client Enron as the company moved to overhaul its accounts. R...

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EC to face 'tougher' accounting rules
Audit

EC to face 'tougher' accounting rules

23y Keith Nuthall

EC to face 'tougher' accounting rules

Accounting procedures within the European Commission are to be speeded up and made tougher, with ministers and MEPs being asked to approve a new packa...

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HSBC tops audit fee list
Audit

HSBC tops audit fee list

23y Andrew Sawers

HSBC tops audit fee list

Bank's audit fees rise by nearly £5m to top league table as mergers help push up average audit fee for FTSE-100 company by 17%. Read More...

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PFI funding lessons from the NAO
Audit

PFI funding lessons from the NAO

23y Philip Smith.

PFI funding lessons from the NAO

Government departments looking at new PFI deals should learn from the Treasury's building refurbishment project, the National Audit Office said today....

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ASB calls for comment on global preface
Audit

ASB calls for comment on global preface

23y Larry Schlesinger

ASB calls for comment on global preface

The Accounting Standards Board has invited its members to air their views on the International Accounting Standards Board's preface to International F...

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ICAEW questions worth of police panels
Audit

ICAEW questions worth of police panels

23y Philip Smith.

ICAEW questions worth of police panels

The role of the ICAEW police liaison panels is set to be reviewed following a critical report from the chairman of the London panel, the institute's c...

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Row in Commons over auditor post
Audit

Row in Commons over auditor post

23y Michelle Perry

Row in Commons over auditor post

A row has erupted in the House of Commons over the 'jobs-for-the-boys' style appointment of a non-accountant as Britain's next nominee to the European...

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Progress on global rules tops agenda
Audit

Progress on global rules tops agenda

23y Michelle Perry

Progress on global rules tops agenda

UK and US accountancy experts will gather today at the third global accounting standards debate in London to examine the latest international developm...

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Andersen to carry out Lloyd's audit
Audit

Andersen to carry out Lloyd's audit

23y Alex Miller.

Andersen to carry out Lloyd's audit

Andersen has been recruited to carry out a solvency audit into Lloyd's of London, in a bid to discover if the insurer is capable of paying the estimat...

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Opinion: Issue of audit independence.
Audit

Opinion: Issue of audit independence.

23y Accountancy Age

Opinion: Issue of audit independence.

Only months after the first major UK consolidator was born, 'the Tenon model' is already a common phrase. Read More...

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Numerica stirs audit row
Audit

Numerica stirs audit row

23y Alex Miller.

Numerica stirs audit row

The ICAEW has broken with tradition by allowing a publicly- listed company to employ practising auditors. Read More...

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The Independent Professional Review
Audit

The Independent Professional Review

23y Accountancy Age

The Independent Professional Review

The APB has this month published the findings of its research into the Independent Professional Review. Read More...

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New guidance for banking audit
Audit

New guidance for banking audit

23y Michelle Perry

New guidance for banking audit

A lack of guidance on new developments in banking and financial services regulation has led to the publication of a new bible for accountants and bank...

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Why XBRL could be king
Audit

Why XBRL could be king

23y Accountancy Age

Why XBRL could be king

It's quite fitting that international news, information and technology group Reuters became Europe's first listed company to release financial results...

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SEC and accountants to forge new path
Audit

SEC and accountants to forge new path

23y Michelle Perry

SEC and accountants to forge new path

After several years of strained relations, accountants and the US Securities and Exchange Commission are forging a new, friendlier path together. Read...

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KPMG faces probe over Independent audit.
Audit

KPMG faces probe over Independent audit.

23y Michelle Perry

KPMG faces probe over Independent audit.

Auditor in the dock over Independent Insurance collapse. Read More...

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