Hewitt spells out DTI auditor review
Audit

Hewitt spells out DTI auditor review

24y Gavin Hinks

Hewitt spells out DTI auditor review

Speaking during a Mansion House speech Patricia Hewitt, secretary for the Department of Trade & Industry, said the Treasury, the Financial Service...

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SEC schedules debate on financial disclosure
Audit

SEC schedules debate on financial disclosure

24y Michelle Perry

SEC schedules debate on financial disclosure

The Securities and Exchange Commission has this afternoon said it will convene two days of roundtable discussions to discuss proposals for reforming f...

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Teeside leaves taxpayers with £23m bill
Audit

Teeside leaves taxpayers with £23m bill

24y Philip Smith.

Teeside leaves taxpayers with £23m bill

Teeside Development Corporation has left the taxpayer with a bill of £23m following its wind-up in 1998, the National Audit Office has revealed. Read ...

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Sainsbury's chief may lead DTI inquiry
Audit

Sainsbury's chief may lead DTI inquiry

24y AccountancyAge.com

Sainsbury's chief may lead DTI inquiry

Trade minister Patricia Hewitt is understood to have asked Sir Peter Davis, chief executive of J. Sainsbury to lead a government review into the role ...

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Treasury under pressure over Sharman report
Audit

Treasury under pressure over Sharman report

24y our parliamentary staff

Treasury under pressure over Sharman report

Commons watchdog, the Public Accounts Committee, has stepped up the pressure on the Treasury over its delay in implementing the recommendations of the...

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Congress accounting watchdog sues Cheney
Audit

Congress accounting watchdog sues Cheney

24y AccountancyAge.com

Congress accounting watchdog sues Cheney

The Government Accounting Office of the US Congress is suing vice president Dick Cheney for his refusal to release details of meetings held by the cou...

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Government to probe auditing weaknesses
Audit

Government to probe auditing weaknesses

24y Larry Schlesinger

Government to probe auditing weaknesses

The government is to launch an investigation into weaknesses in the auditing of company accounts, following the collapse of energy giant Enron and all...

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Tweedie: Going for gold
Audit

Tweedie: Going for gold

25y Accountancy Age

Tweedie: Going for gold

On Thursday last week, Sir David Tweedie, chairman of the International Accounting Standards Board, appeared before a US Senate committee taking evide...

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Watchdogs not bloodhounds
Audit

Watchdogs not bloodhounds

25y Michelle Perry

Watchdogs not bloodhounds

Auditors are warning against US and international moves to include a forensic phase in the audit process which could ultimately affect UK rules. Read ...

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Time to repair audit's image
Audit

Time to repair audit's image

25y Accountancy Age

Time to repair audit's image

Auditing is in the spotlight as never before thanks to Enron. Every corporate failure and accounting correction is leapt upon as an 'audit failure' an...

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Andersen's $260m offer refused
Audit

Andersen's $260m offer refused

25y AccountancyAge.com

Andersen's $260m offer refused

Creditors of Enron in the US have refused a $260m offer from Andersen to settle claims for damages against the firm, according to reports in the US pr...

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Share options threatened by new standard
Audit

Share options threatened by new standard

25y Michelle Perry

Share options threatened by new standard

Finance directors could stop offering company share options to avoid volatility on their balance sheets if the International Accounting Standards Boar...

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CIMA in scramble to open up hearings
Audit

CIMA in scramble to open up hearings

25y Adriana Zea

CIMA in scramble to open up hearings

Pressured by heightened concern over best practice in the profession, CIMA is scrambling to publicise and open up its disciplinary hearings one year a...

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ACCA calls for 'far-reaching actions' post-Enron
Audit

ACCA calls for 'far-reaching actions' post-Enron

25y Alex Miller.

ACCA calls for 'far-reaching actions' post-Enron

The potential damage to the reputation of the auditing profession in the wake of the Enron collapse means that the global financial community must con...

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NAO will audit building of new Wembley
Audit

NAO will audit building of new Wembley

25y our parliamentary staff

NAO will audit building of new Wembley

The National Audit Office has being given the go-ahead to audit the building of the controversial new Wembley Stadium. Read More...

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Government rejects call for UK accounting inquiry
Audit

Government rejects call for UK accounting inquiry

25y our parliamentary staff

Government rejects call for UK accounting inquiry

The government has rejected a call for an inquiry into the implications for UK corporate accounting practice following the collapse of Enron on the gr...

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FDs urged to prepare for IAS switch over
Audit

FDs urged to prepare for IAS switch over

25y Michelle Perry

FDs urged to prepare for IAS switch over

Finance directors should start focusing on accounting developments at a global level as the 2005 deadline for the switch over nears, warns mid-tier fi...

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Sweet boost to Andersen's confidence
Audit

Sweet boost to Andersen's confidence

25y Alex Miller.

Sweet boost to Andersen's confidence

Under-fire Andersen has received a boost after the board of FTSE-100 client Cadbury Schweppes, 'unanimously' recommended the firm be retained as its a...

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IASB says it is independent of corporate influence
Audit

IASB says it is independent of corporate influence

25y Larry Schlesinger

IASB says it is independent of corporate influence

Global standard setter, the International Accounting Standards Board, claims its decision not to release the names of its corporate backers is not an ...

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Tweedie pushes US to adopt global rules
Audit

Tweedie pushes US to adopt global rules

25y Michelle Perry

Tweedie pushes US to adopt global rules

Sir David Tweedie, chairman of the International Accounting Standards Board yesterday appeared to be using the Enron crisis to push the US to endorse ...

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Call grows for auditor rotation
Audit

Call grows for auditor rotation

25y AccountancyAge.com

Call grows for auditor rotation

The chief of a leading investment consultancy has joined the growing chorus of industry leaders calling for compulsory auditor rotation. Read More...

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Can ICAEW win this fight?
Audit

Can ICAEW win this fight?

25y Accountancy Age

Can ICAEW win this fight?

Our revelation today that the ICAEW’s council is set to recommend a hike in membership fees will surprise few members, least of all Howard Leigh...

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Government told to open its books
Audit

Government told to open its books

25y Accountancy Age

Government told to open its books

National Audit Office role to be expanded to improve scrutiny of Whitehall finances. Read More...

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US watchdog urged to resist auditor rotation
Audit

US watchdog urged to resist auditor rotation

25y Philip Smith.

US watchdog urged to resist auditor rotation

The UK accounting profession yesterday urged the US Securities & Exchange Commission to resist demands for compulsory auditor rotation and restric...

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Tweedie tells US to prepare for controversy
Audit

Tweedie tells US to prepare for controversy

25y Accountancy Age

Tweedie tells US to prepare for controversy

At a Senate committee hearing today, Sir David Tweedie, chairman of the International Accounting Standards Board, called for the adoption of internati...

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US watchdog urged against auditor rotation
Audit

US watchdog urged against auditor rotation

25y Philip Smith.

US watchdog urged against auditor rotation

The UK accounting profession yesterday urged the US Securities & Exchange Commission to resist demands for compulsory auditor rotation and restric...

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PwC issues standards challenge
Audit

PwC issues standards challenge

25y Michelle Perry

PwC issues standards challenge

UK and global standard-setters were this week facing the first open challenge to their authority with the launch of a standards' rating tool by Pricew...

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