Draft code launched in bid to reduce risk of corporate collapses
Governance

Draft code launched in bid to reduce risk of corporate collapses

5y Chris Jewers

Draft code launched in bid to reduce risk of corpo...

The Internal Audit Code of Practice aims to create an internal audit industry standard and boost the ‘status, standards, scope and skills’ of internal...

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

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

9y Chris Warmoll , Writer

Accounts qualified for 1,000 ‘small bodies', repor...

The Audit Commission dismayed at decline in quality of reporting for ‘small bodies' such as parish councils and Internal Drainage Boards, which spend ...

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Council investigated by financial police after PKF audit report
Audit

Council investigated by financial police after PKF audit report

9y Chris Warmoll , Writer

Council investigated by financial police after PKF...

PKF Littlejohn discovered that Keighley Town Council may have taken "unlawful actions" and acted "without consideration of its legal powers" Read More...

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Last post sounds for Audit Commission as it bequeaths further savings
Audit

Last post sounds for Audit Commission as it bequeaths further savings

10y Chris Warmoll , Writer

Last post sounds for Audit Commission as it bequea...

Audit Commission set to leave legacy of lower audit fees as it readies itself for demise Read More...

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Power of audit debate shifts perceptions - marginally
Audit

Power of audit debate shifts perceptions - marginally

10y Chris Warmoll , Writer

Power of audit debate shifts perceptions - margina...

Divergent opinions still exist over the level of rigour applied by the audit profession Read More...

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LGA creates new company to fill Audit Commission’s demise
Audit

LGA creates new company to fill Audit Commission’s demise

10y Chris Warmoll , Writer

LGA creates new company to fill Audit Commission’s...

Local Government Association sets up independent company in preparation for the closure of the Audit Commission in March 2015 Read More...

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‘Rising concerns’ over NHS trusts' finances
Audit

‘Rising concerns’ over NHS trusts' finances

10y Idris Nagri

‘Rising concerns’ over NHS trusts' finances

More than a third of health bodies’ audits find value for money issues, Audit Commission reveals Read More...

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FRC consults on local audit regulation
Audit

FRC consults on local audit regulation

10y Richard Crump , Writer

FRC consults on local audit regulation

Accounting regulator launches consultation on audit of local public bodies Read More...

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Local audit changes could undermine auditor independence
Audit

Local audit changes could undermine auditor independence

10y Richard Crump , Writer

Local audit changes could undermine auditor indepe...

Transparency International warns changes to local audit system may "inadvertently allow corruption to thrive" Read More...

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Value of the Competition Commission has been in its very existence
Audit

Value of the Competition Commission has been in its very existence

11y Idris Nagri

Value of the Competition Commission has been in it...

Competition Commission's failure to address sufficiency of suppliers in the market is a matter for regret Read More...

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Report questions auditors' ethics
Audit

Report questions auditors' ethics

11y Idris Nagri

Report questions auditors' ethics

Research from Harvard finds auditors in India are bending the rules for the benefit of senior management at the company in which they are auditing Rea...

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TomTom CFO takes right route to NED role
People Business

TomTom CFO takes right route to NED role

11y Richard Crump , Writer

TomTom CFO takes right route to NED role

TomTom CFO Marina Wyatt joins the board of Shanks Group as a non-executive director Read More...

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Local Audit Bill has “gaping holes”, says Hodge
Audit

Local Audit Bill has “gaping holes”, says Hodge

11y Richard Crump , Writer

Local Audit Bill has “gaping holes”, says Hodge

Arrangements set out in Local Audit Bill "will result in a more complex and fragmented audit regime", says Margaret Hodge Read More...

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Public sector audit work improves for 2011/12
Audit

Public sector audit work improves for 2011/12

11y Richard Crump , Writer

Public sector audit work improves for 2011/12

Audit Commission finds there have been improvements in the standard of financial reporting at local bodies Read More...

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ICAEW urges local audit cost rethink
Accounting Firms

ICAEW urges local audit cost rethink

11y Idris Nagri

ICAEW urges local audit cost rethink

Government must ensure firms are paid when they conduct a public interest report to hold local authorities accountable Read More...

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150 Audit Commission staff join Ernst & Young
Audit

150 Audit Commission staff join Ernst & Young

11y Kevin Reed , Writer

150 Audit Commission staff join Ernst & Young

Commission staff take up new roles at E&Y, after the firm swept up east and south-east audit contracts Read More...

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Argument erupts in parliament committee over draft audit bill
Audit

Argument erupts in parliament committee over draft audit bill

12y Idris Nagri

Argument erupts in parliament committee over draft...

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

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Jeremy Newman lined up for Audit Commission chair
People In Practice

Jeremy Newman lined up for Audit Commission chair

12y Kevin Reed , Writer

Jeremy Newman lined up for Audit Commission chair

Eric Pickles lines up former BDO chief Jeremy Newman to wind down Audit Commission Read More...

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Waterman to head up Audit Commission
People In Practice

Waterman to head up Audit Commission

12y Kevin Reed , Writer

Waterman to head up Audit Commission

Marcine Waterman will take on the controller of audit role, succeeding chief executive Eugene O'Sullivan, from 1 September Read More...

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Audit Commission: An opportunity missed
Audit

Audit Commission: An opportunity missed

12y Kevin Reed , Writer

Audit Commission: An opportunity missed

The tender process for farming out Audit Commission work hasn’t opened up the market Read More...

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FRC urges auditors to go back to their roots
Audit

FRC urges auditors to go back to their roots

12y Idris Nagri

FRC urges auditors to go back to their roots

FRC publishes paper urging auditors to consider the original philosophy and principles of auditing - scepticism Read More...

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Large firms clean up local Audit Commission contracts
Accounting Firms

Large firms clean up local Audit Commission contracts

12y Idris Nagri

Large firms clean up local Audit Commission contra...

BDO, Grant Thornton, Mazars and Littlejohn pickup last of the Audit Commission contracts Read More...

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Lack of audit work halts launch of DA Partnership employee-owned firm
Accounting Firms

Lack of audit work halts launch of DA Partnership employee-owned firm

12y Idris Nagri

Lack of audit work halts launch of DA Partnership ...

Plans to change DA Partnership into an employee-owned independent firm are scuppered by disappointing contract wins from the Audit Commission Read Mor...

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Big firms scoop up Audit Commission work
Audit

Big firms scoop up Audit Commission work

12y Kevin Reed , Writer

Big firms scoop up Audit Commission work

Grant Thornton picks up four Audit Commission contracts - DA Partnership picks up just one deal Read More...

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Public sector IFRS: worth the effort?
Accounting Standards

Public sector IFRS: worth the effort?

12y Peter Bateman

Public sector IFRS: worth the effort?

Little drama from local government's move to IFRS, but was it worth the hard work in the first place? Read More...

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EU will answer to Lords on audit market future
Audit

EU will answer to Lords on audit market future

12y Idris Nagri

EU will answer to Lords on audit market future

The House of Lords will grill internal markets commissioner on their proposals for changes to audit Read More...

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Local government IFRS adoption 'a significant challenge'
Audit

Local government IFRS adoption 'a significant challenge'

12y Rose Orlik

Local government IFRS adoption 'a significant chal...

Local government has coped well will the "significant challenge" of global accounting standards, watchdog concludes Read More...

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