The House of Commons Public Accounts Committee is to launch an probe into the cost of the Royal Train. Read More...
View articleParliament is to be one of the last public bodies to change to resource accounting and budgeting - despite passing the legislation that has compelled ...
View articleThe Statistics Commission is to investigate the Office of National Statistics and the Treasury, following accusations of 'Enron-style' accounting from...
View articleInstitutional investors are more concerned by the quality of company accounts than anything else, with an emphatic majority voting for a single set of...
View articleTrade and Industry secretary Patricia Hewitt says the government is considering introducing auditor rotation and stripping executive directors of thei...
View article'Forensic' conjures images of a pathologist immersed in the entrails of a corpse investigating how the deceased came to be so. Forensic literally mean...
View articleWith the national media struggling to get to grips with yet another accounting scandal, many TV and radio outlets have been doing what they always do ...
View articleAudit fees could be driven up by as much 50% as a result of fresh risk assessment and mounting fears that another firm could be brought to its knees b...
View articleSouth African accountants are urging companies to recognise the impact of the country's high AIDS infection rate on their balance sheets. Read More...
View articleInternal audit chiefs are calling for far-reaching changes to the services external auditors provide to clients and a major overhaul of corporate gove...
View articleFrench media group Vivendi Universal has denied any wrongdoing in its accounting practices following reports in a French newspaper, which alleged it t...
View articleShares in media conglomerate Vivendi Universal, which is audited by Andersen, have collapsed on reports in the French press that the company attempted...
View articleMinister for competition and markets, Melanie Johnson, today warned accountants and auditors not to rule out UK disasters similar to Enron and WorldCo...
View articleThe president of the ICAEW has insisted that UK boardroom culture is 'fundamentally sound' and that UK accounting is 'world beating' even though the i...
View articleThe European Union Council of Ministers has approved a root-and-branch reform of the European Union's Financial Regulation, its accounting bible, whic...
View articleCompanies grappling with massive pension shortfalls will be delighted this week as the UK standard setter proposes a deadline extension to adopt FRS 1...
View articleThe Treasury could force companies to switch auditors every seven years under reforms that could also prevent auditors selling consultancy advice to t...
View articleA grim warning that accounting scandals are as or more likely in Britain as the US is being delivered at a press conference in the Commons this aftern...
View articleThe first ever published annual accounts for the Queen's civil list show a £1.6m increase in expenditure, a rise of 25.3% for the year ending 31 Decem...
View articleOffice equipment company Xerox has allegedly exaggerated its figures in the past five years by an estimated $6bn (£3.92bn), a new audit has found. Rea...
View articleInternal auditors are calling for far-reaching changes to the services external auditors provide to audit clients and a major overhaul of corporate go...
View articleThe International Accounting Standards Board this week announced its intention to tackle the quagmire that is revenue recognition, otherwise known as ...
View articleDemands have been made for the National Audit Office to investigate how the government could avoid showing a massive debt on its books after Network R...
View articleMary Keegan, chairman of the UK Accounting standards Board, has warned that scandals such as those at WorldCom and Enron should not be allowed to dist...
View articleAn urgent government review of UK accountancy, auditing and professional regulation post-Enron is being extended to WorldCom with an interim report to...
View articleWorldCom points to the increasing need for accounting transparency inevery business, says Graham Steinsberg, CEO CODA. Read More...
View articleA spat has broken out between beleaguered data network company KPNQwest and Deloitte & Touche after the auditor denied having signed off last year's c...
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