Competition Commission aims to break Big Four dominance
Accounting Firms

Competition Commission aims to break Big Four dominance

13y Richard Crump , Writer

Competition Commission aims to break Big Four domi...

Competition Commission proposes remedies after investigation finds audits too often fail to fulfil their intended purpose Read More...

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Deloitte sued over "reckless" failings in ChinaCast audit
Accounting Firms

Deloitte sued over "reckless" failings in ChinaCast audit

13y Richard Crump , Writer

Deloitte sued over "reckless" failings in ChinaCas...

Lawsuit filed in New York claims Deloitte signed on the accounts of ChinaCast "that were almost entirely false" Read More...

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Big Four audit dominance has "adverse" effect, CC to find
Audit

Big Four audit dominance has "adverse" effect, CC to find

13y Richard Crump , Writer

Big Four audit dominance has "adverse" effect, CC ...

The Big Four dominance of the listed audit market has an "adverse" effect on competition, an investigation into the firms' concentration of the market...

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HSBC chief accountant critical of quality of risk reporting
Accounting Standards

HSBC chief accountant critical of quality of risk reporting

13y Richard Crump , Writer

HSBC chief accountant critical of quality of risk ...

Quality of the risk analysis that companies publish is "weak" according to HSBC's group chief accounting officer Read More...

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Byron Grote to join Anglo American board
People Business

Byron Grote to join Anglo American board

13y Richard Crump , Writer

Byron Grote to join Anglo American board

Former BP chief financial officer lined up for Anglo American audit chair Read More...

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Internal auditors banned from engagement teams
Audit

Internal auditors banned from engagement teams

13y Richard Crump , Writer

Internal auditors banned from engagement teams

FRC bans auditors from using internal audit staff on engagement teams; IIA recommends scope of internal audit should be unlimited Read More...

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Barclays to close tax planning unit
Corporate Tax

Barclays to close tax planning unit

13y Richard Crump , Writer

Barclays to close tax planning unit

Barclays expected to close controversial tax structuring unit as part of an extensive strategic review of the business Read More...

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EU standard setters wade into IFRS debate
Accounting Standards

EU standard setters wade into IFRS debate

13y Richard Crump , Writer

EU standard setters wade into IFRS debate

The FRC joins with fellow European national standard setters to influence IASB's work on conceptual framework that underpins IFRS Read More...

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Age UK appoints new chief financial officer
People Business

Age UK appoints new chief financial officer

13y Richard Crump , Writer

Age UK appoints new chief financial officer

Rajeev Arya joins Age UK in March as CFO, replacing the finance director role held by Steve Mensforth Read More...

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Burford Capital appoints Miriam Connole as first CFO
People Business

Burford Capital appoints Miriam Connole as first CFO

13y Richard Crump , Writer

Burford Capital appoints Miriam Connole as first C...

Burford Capital appoints Miriam Connole as first CFO, having previously relied on outsourced financial management Read More...

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CLS Group appoints new CFO
People Business

CLS Group appoints new CFO

14y Richard Crump , Writer

CLS Group appoints new CFO

Alexander Filshie joins CLS Group from American Express, where he was international financial controller for Europe, Middle East, Asia, Canada and Lat...

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Scope of auditors' report to be extended to include risk
Audit

Scope of auditors' report to be extended to include risk

14y Richard Crump , Writer

Scope of auditors' report to be extended to includ...

FRC proposes step change from the traditional binary pass/fail model of audit reporting Read More...

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Barclays FD Chris Lucas to step down
People Business

Barclays FD Chris Lucas to step down

14y Richard Crump , Writer

Barclays FD Chris Lucas to step down

Barclays announces retirement of group FD Chris Lucas alongside general counsel Mark Harding Read More...

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Safeland recoups a further £0.5m of misappropriated funds
Audit

Safeland recoups a further £0.5m of misappropriated funds

14y Richard Crump , Writer

Safeland recoups a further £0.5m of misappropriate...

Latest recovery takes total amount of funds recouped to £725,000 Read More...

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ACCA launches certificate for small business reporting standard
Accounting Standards

ACCA launches certificate for small business reporting standard

14y Richard Crump , Writer

ACCA launches certificate for small business repor...

New certificate launched to support finance professionals in understanding the new IFRS for SMEs Read More...

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

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

14y Richard Crump , Writer

A bank carve-out would be thin end of reporting we...

Carving out separate IFRS for banks will not prevent systemic shocks Read More...

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Auditors' going concern judgment to extend beyond 12 months
Audit

Auditors' going concern judgment to extend beyond 12 months

14y Richard Crump , Writer

Auditors' going concern judgment to extend beyond ...

Companies' ongoing financial health must be judged over a longer period of time, according to draft proposals put forward by the FRC Read More...

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John Menzies poaches Ricardo group FD
People Business

John Menzies poaches Ricardo group FD

14y Richard Crump , Writer

John Menzies poaches Ricardo group FD

Paula Bell leaves Ricardo after six years as group finance director to take up same position at John Menzies Read More...

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Business insolvencies fall in 2012
Business Recovery

Business insolvencies fall in 2012

14y Richard Crump , Writer

Business insolvencies fall in 2012

Business failures in the UK fell slightly in 2012, while the number of company insolvencies recorded in December fell to the lowest rate since 2007 Re...

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Tax partner joins BDO from Berwin Leighton Paisner
Accounting Firms

Tax partner joins BDO from Berwin Leighton Paisner

14y Richard Crump , Writer

Tax partner joins BDO from Berwin Leighton Paisner

Kevin Cummings joins BDO as tax partner from law firm Berwin Leighton Paisner Read More...

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Audit reform aboard the slow train of Europe
Audit

Audit reform aboard the slow train of Europe

14y Richard Crump , Writer

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 Read More...

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Nokia calls for departing Reckitt CFO to join board
People Business

Nokia calls for departing Reckitt CFO to join board

14y Richard Crump , Writer

Nokia calls for departing Reckitt CFO to join boar...

Ahead of AGM Nokia proposes that Liz Doherty be appointed to its board Read More...

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Separate rules for banks a "mistake", Lawson told
Accounting Standards

Separate rules for banks a "mistake", Lawson told

14y Richard Crump , Writer

Separate rules for banks a "mistake", Lawson told

Big Four tell Lord Lawson imposing a different accounting regime for banks would be a mistake Read More...

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Jaguar Land Rover CFO voices UK-EU relationship concern
Politics

Jaguar Land Rover CFO voices UK-EU relationship concern

14y Richard Crump , Writer

Jaguar Land Rover CFO voices UK-EU relationship co...

Kenneth Gregor cautions against "barriers" that would arise if the UK is "set aside from Europe Read More...

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EU and UK audit reforms hit by delays
Audit

EU and UK audit reforms hit by delays

14y Richard Crump , Writer

EU and UK audit reforms hit by delays

Competition Commission postpones provisional findings until February while European reforms beset by political wrangling Read More...

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FRC plans 8.5% hike to levy rates
Audit

FRC plans 8.5% hike to levy rates

14y Richard Crump , Writer

FRC plans 8.5% hike to levy rates

Additional funding will be used to clear backlog of disciplinary cases and promote influence abroad Read More...

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IASB to amend asset impairment rules
Accounting Standards

IASB to amend asset impairment rules

14y Richard Crump , Writer

IASB to amend asset impairment rules

IASB publishes exposure draft of proposed modifications to the disclosures for the measurement of the recoverable amount of impaired assets Read More...

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