Auditor rotation is not the panacea to erase doubts over the profession's independence and objectivity in audit contracts, warns the head of audit at ...
View articleDebate around the Accountancy age manifesto for change in the profession continues this week on the subject of auditor rotation. KPMG's Ted Awty says ...
View articleLord Wakeham is one of six directors to quit the Enron board according to an announcement filed by the company last night. Read More...
View articleAndersen has been dropped as auditor by SunTrust, the US banking group, in favour of PricewaterhouseCoopers. Read More...
View articleHouse of Commons Select Committees are to get new powers, staff and money to scrutinise the accounts and financial affairs of every government departm...
View articleAccountants and standards setters are urging the International Accounting Standards Board to reaffirm its commitment to principles-based standards. Re...
View articleComptroller and auditor general Sir John Bourn has qualified his certificate on the Teachers Pension Scheme because too many local authorities have fa...
View articleICAS president Andrew Christie has lashed out at critics of auditors, urging a move to reestablish the balance of blame. Read More...
View articleAuditors and audit committees might believe they operate independently, and if this is not the perception there will be no confidence in capital marke...
View articleFollowing publication of Accountancy Age's manifesto last week, key figures in the profession will be debating our proposals. Gerry Acher sees merit, ...
View articleIn the long run auditors and accountants, let alone management consultants, have more to fear from Enron than politicians; more regulation is on the c...
View articleAndersen chief Joseph Berardino yesterday used accounting rules and a lack of knowledge to fight many accusations and tough questions thrown at him fo...
View articleFinance directors should be on their guard against massaging company profits as economic pressures mount and profit warnings soar, accountants have be...
View articleLord Wakeham looked set to face an ICAEW investigation after trade unionists complained about the former Tory energy minister's role in the Enron affa...
View articleThe Chartered Institute of Management Accountants says it will set up a six-man working group to investigate auditor independence, an issue brought to...
View articleAndersen client Pennzoil-Quaker State revealed in an SEC filing yesterday that it will restate its financials back to 1999, while bankrupt telecom ope...
View articlePricewaterhouseCoopers has confirmed that it has resigned as auditor from luxury department store Harrods. Read More...
View articleBeleaguered accountant Andersen yesterday announced that it has hired an independent overseer and confirmed that it will discontinue offering IT consu...
View articleUnilever has said it has already begun its tender process for its external audit contract currently held by PricewaterhouseCoopers. Read More...
View articleThe Liberal Democrats have called for firms to publish their own annual reports, following the fallout from the Enron affair and just a day after Acco...
View articleA client drift away from under-siege Andersen could have started today, after it was revealed US hospitality operator Hard Rock Hotel has axed the fir...
View articleThe practice of off-balance sheet financing, which figured heavily in Enron's demise, is to undergo a shake up as US regulators move to tighten rules,...
View articleKPMG and PricewaterhouseCoopers bit the bullet yesterday and said placing restrictions on services provided by audit firms should open the way for lar...
View articleThere are few people more qualified to judge the merits of a ten-point plan for financial change than regular Accountancy Age columnist Sir Peter Kemp...
View articleAccountancy is under the spotlight like never before. But headlines aside, technological developments and globalisation mean the profession must consi...
View articleChange to the accountancy profession sometimes seems to take an unnecessarily long time but there are now a plethora of regulatory bodies with various...
View articleAccountancy Age this week publishes a ten-point plan designed to rescue the battered reputation of the accountancy profession. Read More...
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