MoD numbers fail NAO test
Audit

MoD numbers fail NAO test

25y Philip Smith.

MoD numbers fail NAO test

The Ministry of Defence's accounts today got the thumbs-down from the National Audit Office due to out-of-date technology and a failure to account cor...

View article
Cracks open in Big Five Enron alliance
Audit

Cracks open in Big Five Enron alliance

25y Philip Smith.

Cracks open in Big Five Enron alliance

Cracks are beginning to appear in the alliance formed between the Big Five firms in the face of severe criticism over the Enron affair. Read More...

View article
Charities shift audits to mid-tier
Audit

Charities shift audits to mid-tier

25y Philip Smith.

Charities shift audits to mid-tier

Charities are shifting their audit business away from the Big Five firms, giving more work to the mid-tier, a new survey has found. Read More...

View article
Get the latest analysis and reports delivered to your inbox daily
Auditor wins Dame Shirley fight
Audit

Auditor wins Dame Shirley fight

25y Philip Smith.

Auditor wins Dame Shirley fight

Dame Shirley Porter today lost the final round in the battle over the Westminster council homes-for-votes scandal, vindicating the district auditor's ...

View article
BBC dismisses director in Andersen probe
Audit

BBC dismisses director in Andersen probe

25y Adriana Zea

BBC dismisses director in Andersen probe

The BBC has dismissed its director of global marketing and brand development Jeff Taylor for 'breaching the company's employment policy on conflict of...

View article
UK standards board backs FRS17
Audit

UK standards board backs FRS17

25y Michelle Perry

UK standards board backs FRS17

The chairman of the UK Accounting Standards Board has hit back at claims that the new FRS17 accounting rule is forcing the UK's leading employers to e...

View article
Andersen admits Enron error
Audit

Andersen admits Enron error

25y Philip Smith.

Andersen admits Enron error

Andersen boss Joe Berardino has admitted the firm got it wrong over the audit of Enron, the US energy company that collapsed last month. Read More...

View article
ICAS celebrates another milestone
Audit

ICAS celebrates another milestone

25y AccountancyAge.com

ICAS celebrates another milestone

ICAS is this week celebrating another landmark goal as it welcomes its 15,000th member. Read More...

View article
IASB wants small company standard
Audit

IASB wants small company standard

25y Michelle Perry

IASB wants small company standard

The UK accounting standard setter is hoping the global board will heed its moves to harmonise accounting rules for listed and non-listed companies. Re...

View article
For & Against: Is there a place for the IPR?
Audit

For & Against: Is there a place for the IPR?

25y Accountancy Age

For & Against: Is there a place for the IPR?

Should the costly independent professional review continue? Yes, says Danielle Stewart, as it is better than audit in many ways. Oh no it's not, says ...

View article
Experts debate IPR's future
Audit

Experts debate IPR's future

25y Michelle Perry

Experts debate IPR's future

The independent professional review: a waste of time, or the way forward? Stella Fearnley, reader in accounting at Portsmouth Business School, and Dan...

View article
Andersen braced for Enron probe
Audit

Andersen braced for Enron probe

25y Philip Smith.

Andersen braced for Enron probe

Andersen is bracing itself for an independent investigation of its audit work at Enron in the wake of the collapse of the US energy trader. Read More...

View article
New measures for ICAEW regions
Audit

New measures for ICAEW regions

25y Philip Smith.

New measures for ICAEW regions

Tough key performance indicators will be used to measure the success of the ICAEW's regional structure and justify the institute's investment in the n...

View article
Europe's audit chiefs meet in London
Audit

Europe's audit chiefs meet in London

25y AccountancyAge.com

Europe's audit chiefs meet in London

Heads of the European Union's Supreme Audit Institutions are to meet with the European Court of Auditors in London today to work towards furthering th...

View article
Deloitte to review Enron audit
Audit

Deloitte to review Enron audit

25y Philip Smith.

Deloitte to review Enron audit

Andersen, auditor of Enron, the energy company that filed for bankruptcy protection at the weekend, is to have its work investigated by Deloitte Touch...

View article
Don't bypass accountants
Audit

Don't bypass accountants

25y Accountancy Age

Don't bypass accountants

It goes without saying that money laundering - whether connected with terrorism, drugs or organised crime (or indeed a combination of the three) - nee...

View article
E&Y at 'a loss' over Equitable concerns
Audit

E&Y at 'a loss' over Equitable concerns

25y Gavin Hinks

E&Y at 'a loss' over Equitable concerns

Ernst & Young says it was not contacted for information by the forensic accountants who concluded there were 'serious concerns' about the Big Five...

View article
Question mark hangs over 'independence'
Audit

Question mark hangs over 'independence'

25y Adriana Zea

Question mark hangs over 'independence'

Forensic accountants have defended lawyers after a survey revealed solicitors do not always encourage expert witnesses to be 'truly independent' and o...

View article
Charity chief goes before PAC
Audit

Charity chief goes before PAC

25y Philip Smith.

Charity chief goes before PAC

John Stoker, the chief charity commissioner, will today be quizzed by the influential and powerful Public Accounts Committee following a critical Nati...

View article
SEC learns lessons of New York.
Audit

SEC learns lessons of New York.

25y Alex Miller.

SEC learns lessons of New York.

Big Five firms meet Securities and Exchange Commission to ensure future disasters don't result in business meltdown due to IT failure Read More...

View article
KPMG blasts bank for lack of accountability.
Audit

KPMG blasts bank for lack of accountability.

25y Philip Smith.

KPMG blasts bank for lack of accountability.

Big Five firm accuses European Central Bank of maintaining secrecy over its policies and causing market confusion Read More...

View article
Board to go ahead with IPR.
Audit

Board to go ahead with IPR.

25y Michelle Perry

Board to go ahead with IPR.

Small businesses will be offered a lighter-touch after the Auditing Practices Board this week confirmed it is to push ahead with offering the independ...

View article
LETTERS - One-horse race: ICAS regulations heavy burden to sole practitioners
Audit

LETTERS - One-horse race: ICAS regulations heavy burden to sole practitione...

25y Accountancy Age

LETTERS - One-horse race: ICAS regulations heavy b...

The ICAS quality review scheme seems to have had little publicity in your paper to date and I would like to redress the balance. I had to stump up an ...

View article
Scottish accountant gets 18 months
Audit

Scottish accountant gets 18 months

25y AccountancyAge.com

Scottish accountant gets 18 months

Sixty-eight year old chartered accountant Kenneth Grant, of Dreghorn, Edinburgh, has started an 18 month sentence at Glasgow's Barlinnie prison after ...

View article
PAC called on to audit Wembley fiasco
Audit

PAC called on to audit Wembley fiasco

25y our parliamentary staff

PAC called on to audit Wembley fiasco

The Public Accounts Committee and comptroller and auditor general Sir John Bourn are considering a formal request from another Commons committee for a...

View article
Andersen to probe BBC accounts
Audit

Andersen to probe BBC accounts

25y Adriana Zea

Andersen to probe BBC accounts

The BBC has confirmed Big Five firm Andersen is probing into its accounts following an alleged fraud in connection with its Worldwide division. Read M...

View article
E-district considers action against PwC
Audit

E-district considers action against PwC

25y AccountancyAge.com

E-district considers action against PwC

Shareholders in e-district.net, the interactive entertainment provider, are considering legal action against PricewaterhouseCoopers over its role as c...

View article