Time for an overhaul of public audit
Audit

Time for an overhaul of public audit

7y John Tizard and David Walker

Time for an overhaul of public audit

The crisis in company audit has knock on consequences for public audit - and now is a good time to review the remit of the National Audit Office, say ...

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Audit reform: The devil is in the detail
Audit

Audit reform: The devil is in the detail

7y Ruth Bender

Audit reform: The devil is in the detail

Emeritus Professor Ruth Bender of Corporate Financial Strategy from Cranfield School of Management on the next steps following the CMA and Kingman rev...

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How did fraud come about in the Patisserie Valerie case?
Insolvency

How did fraud come about in the Patisserie Valerie case?

7y Accountancy Age

How did fraud come about in the Patisserie Valerie...

Simon Bonney, partner and insolvency expert, said “It is difficult, given the extent of the fraud, that this isn’t something that could have been spot...

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Has the audit process improved since Carillion? No, say company secretaries
Audit

Has the audit process improved since Carillion? No, say company secretaries

7y Beth McLoughlin

Has the audit process improved since Carillion? No...

More than half of company secretaries surveyed by ICSA, the Government Institute and recruitment specialist said the industry has learned little from ...

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EY to improve audits via independent panel
Audit

EY to improve audits via independent panel

7y Accountancy Age

EY to improve audits via independent panel

EY are responding to calls for independence among the Big Four accounting firms Read More...

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Patisserie Valerie plunges into administration closing 70 cafes immediately
Audit

Patisserie Valerie plunges into administration closing 70 cafes immediately

7y Accountancy Age

Patisserie Valerie plunges into administration clo...

It is thought that up to 900 Patisserie Valerie employees could lose their jobs Read More...

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Update on Carillion: FRC continue investigating KPMG for 2014-17 audits of construction company
Audit

Update on Carillion: FRC continue investigating KPMG for 2014-17 audits of ...

7y Accountancy Age

Update on Carillion: FRC continue investigating KP...

The investigation into Carillion's collapse continue on with a renewed focus on KPMG's audits of the construction business Read More...

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Is Patisserie Valerie fraud worse than everyone originally thought?
Audit

Is Patisserie Valerie fraud worse than everyone originally thought?

7y Accountancy Age

Is Patisserie Valerie fraud worse than everyone or...

The popular cake chain says it's accounts were 'significantly manipulated' before its near-collapse last year Read More...

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The state of audit in accountancy
Audit

The state of audit in accountancy

7y Accountancy Age

The state of audit in accountancy

It's time! After another year of financial scandals, Accountancy Age are taking the plunge and writing a feature on audit in accountancy. Please take ...

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FRC v Sports Direct : the latest regulatory challenge on privilege
Audit

FRC v Sports Direct : the latest regulatory challenge on privilege

7y Richard Highley and Julian Bubb-Humfryes

FRC v Sports Direct : the latest regulatory challe...

The FRC has successfully persuaded a court to order an audit client, Sports Direct International Plc (SDI), to disclose privileged documents relevant ...

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Carillion collapse: CMA, audit, and construction
Audit

Carillion collapse: CMA, audit, and construction

7y Emanuela Hawker , Reporter

Carillion collapse: CMA, audit, and construction

Although the CMA report has highlighted changes that need to be made in the audit sector (as pointed out by Duff & Phelps), MHA MacIntyre Hudson has e...

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Patisserie Valerie admits supplier payment issues amidst fraud investigation
Business

Patisserie Valerie admits supplier payment issues amidst fraud investigatio...

7y Accountancy Age

Patisserie Valerie admits supplier payment issues ...

Interim CFO Nick Perrin said "It was identified that there are many creditors with a large backlog of unpaid invoices." Read More...

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'It will enable lots of things we can't even imagine': Tech CEO Q&A with Sweetbridge CEO Scott Nelson
Technology

'It will enable lots of things we can't even imagine': Tech CEO Q&A with Sw...

7y Beth McLoughlin

'It will enable lots of things we can't even imagi...

New blockchain technology from Sweetbridge will transform the audit process and accounting generally beyond recognition, says their CEO in the first o...

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Aston Martin searches for new auditor as KPMG declines opportunity to re-pitch
Audit

Aston Martin searches for new auditor as KPMG declines opportunity to re-pi...

7y Accountancy Age

Aston Martin searches for new auditor as KPMG decl...

There's already shuffling happening in the UK audit sector following the CMA's audit review just before Christmas Read More...

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Predictions: 2019 is the year we must re-build public trust in finance
Technology

Predictions: 2019 is the year we must re-build public trust in finance

7y Andy Bottrill

Predictions: 2019 is the year we must re-build pub...

After a year littered with accounting scandals, the industry needs to start taking accountability, reliability, and transparency within finance seriou...

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AAnswers podcast: Financial scandals in 2018 and beyond
Audit

AAnswers podcast: Financial scandals in 2018 and beyond

7y Accountancy Age

AAnswers podcast: Financial scandals in 2018 and b...

With our new podcast series, AAnswers, we respond to the big questions of our time, future-proofing the knowledge you need to succeed moving forwards ...

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Patisserie Valerie chooses RSM to succeed Grant Thornton as auditor
Audit

Patisserie Valerie chooses RSM to succeed Grant Thornton as auditor

7y Accountancy Age

Patisserie Valerie chooses RSM to succeed Grant Th...

RSM will audit Patisserie Valerie's accounts as the fraud scandal continues to unfold Read More...

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Is letting investors choose auditors the key to reform?
Audit

Is letting investors choose auditors the key to reform?

7y Beth McLoughlin

Is letting investors choose auditors the key to re...

At the ICAEW Information for Better Markets conference, some new suggestions were added to the ideas on the table for reforming the sector Read More...

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The CMA recommendations for audit reform are finally published
Audit

The CMA recommendations for audit reform are finally published

7y Beth McLoughlin

The CMA recommendations for audit reform are final...

Legislation proposed to impose joint audit and separate audit from consulting services, among other measures Read More...

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Strong strategy the key as big practice mergers get complicated
Mergers And Acquisitions

Strong strategy the key as big practice mergers get complicated

8y Keith Underwood

Strong strategy the key as big practice mergers ge...

Following the proposed merger of BDO and Moore Stephens, will we see more consolidation in accountancy? Keith Underwood, MD at M&A and advisory consul...

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Interview: Haines Watts in 2018 and beyond
People In Business

Interview: Haines Watts in 2018 and beyond

8y Emanuela Hawker , Reporter

Interview: Haines Watts in 2018 and beyond

Accountancy Age caught up with Michael Davidson, group managing partner at Haines Watts. He considers the importance of trainee retention, the regiona...

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Audit: what it was, what it is, and what it shall never be
Audit

Audit: what it was, what it is, and what it shall never be

8y Andrew Oury

Audit: what it was, what it is, and what it shall ...

As we near the end of 2018, another year wrought with audit scandals, what do we know about the state of this age old practice? Read More...

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Top 40 International Alliances, Associations, and Networks 2018: $20bn fee hike drives global accountancy growth
Practice

Top 40 International Alliances, Associations, and Networks 2018: $20bn fee ...

8y Philip Smith

Top 40 International Alliances, Associations, and ...

Despite continuing world economic and political uncertainty, the world’s top 40 international accountancy networks, associations and alliances have gr...

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KPMG revenues rose by 8 percent this year in strongest growth in a decade
Company News

KPMG revenues rose by 8 percent this year in strongest growth in a decade

8y Beth McLoughlin

KPMG revenues rose by 8 percent this year in stron...

The company’s annual review shows strong growth, including in audit practice, over the past year Read More...

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KPMG soars past PwC to take over as leader in FTSE 100 audit market
Big Four

KPMG soars past PwC to take over as leader in FTSE 100 audit market

8y Accountancy Age

KPMG soars past PwC to take over as leader in FTSE...

Big Four rival KPMG overtake PwC as main auditor of UK’s top companies Read More...

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KPMG South Africa aims for recovery in new CEO appointment
Big Four

KPMG South Africa aims for recovery in new CEO appointment

8y Accountancy Age

KPMG South Africa aims for recovery in new CEO app...

It is hoped that hiring ex-PwC joint deputy chief executive, Ignatius Sehoole, will help the firm get back on track after a flurry of scandals this ye...

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PwC starts roundtable discussions on future of audit
Audit

PwC starts roundtable discussions on future of audit

8y Beth McLoughlin

PwC starts roundtable discussions on future of aud...

The company has set up a web page and will produce a white paper with suggestions on how the audit sector can move forward Read More...

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