Accountants banned by FSA over boiler room scam
Accounting Firms

Accountants banned by FSA over boiler room scam

14y Kevin Reed , Writer

Accountants banned by FSA over boiler room scam

Paolo Maranzana and Laurence Finger, of Sedley Richard Laurence Voulters, banned and fined by the FSA over boiler room client Read More...

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RBS chiefs foolish not criminal, FSA finds
Audit

RBS chiefs foolish not criminal, FSA finds

14y Mario Christodoulou

RBS chiefs foolish not criminal, FSA finds

Investigations, aided by PwC, finds bad decisions did not amount to fraud Read More...

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FSA director to join Deloitte
People Business

FSA director to join Deloitte

14y Mario Christodoulou

FSA director to join Deloitte

David Strachan will leave the FSA to join Big Four firm Read More...

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Who should watch the auditors?
Audit

Who should watch the auditors?

14y Accountancy Age

Who should watch the auditors?

The FSA’s discussion paper on the role of auditors in financial services is a positive step, but risks a one size fits all approach, argues Michelle ...

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Auditors slammed by FSA for 'client asset' failings
Audit

Auditors slammed by FSA for 'client asset' failings

14y Kevin Reed , Writer

Auditors slammed by FSA for 'client asset' failing...

Auditors must improve their work around checking client assets held investment firms or face the consequences, says the FSA Read More...

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Banks agree to new reporting accounting code
Audit

Banks agree to new reporting accounting code

14y Mario Christodoulou

Banks agree to new reporting accounting code

UK's largest banks promise to meet and discuss accounting issues as part of new self-imposed reporting code Read More...

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FSA fines Societe Generale £1.5m for reporting inaccuracies
Business Regulation

FSA fines Societe Generale £1.5m for reporting inaccuracies

14y David Jetuah

FSA fines Societe Generale £1.5m for reporting ina...

SocGen receives fine for failing to submit accurate reports for approximately 80% of its reportable transactions, across all of its asset classes, for...

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FSA pay half a million pounds for firms' secondees
Business Regulation

FSA pay half a million pounds for firms' secondees

14y Kevin Reed , Writer

FSA pay half a million pounds for firms' secondees

KPMG, E&Y and PwC paid for secondees to the FSA Read More...

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Inspectors call for ‘significant improvement’ in major audits
Audit

Inspectors call for ‘significant improvement’ in major audits

14y Mario Christodoulou

Inspectors call for ‘significant improvement’ in m...

FRC's Audit Inspection Unit raises concerns after investigating 109 audits in the UK Read More...

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Court orders accounting firm to pay back £3.7m
Accounting Firms

Court orders accounting firm to pay back £3.7m

14y Rachael Singh

Court orders accounting firm to pay back £3.7m

Upton & Co to pay back more than £4m to investors after an investigation by the FSA found it was running an unauthorised scheme Read More...

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FSA paid KPMG £230,000 for international staff tax advice
Personal Tax

FSA paid KPMG £230,000 for international staff tax advice

15y Paul Grant

FSA paid KPMG £230,000 for international staff tax...

Big Four firm KPMG provided 43 FSA staff on international secondment with tax advice last year Read More...

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A challenge to the future of audit
Audit

A challenge to the future of audit

15y Accountancy Age

A challenge to the future of audit

FSA report contains the most significant criticisms of the audit profession in years Read More...

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The squeeze on auditors
Audit

The squeeze on auditors

15y Gavin Hinks

The squeeze on auditors

Who's to blame for the financial crisis? The FSA's director of prudential regulation is pointing the finger at auditors Read More...

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New FSA powers will force auditors to speak out
Audit

New FSA powers will force auditors to speak out

15y Mario Christodoulou

New FSA powers will force auditors to speak out

FSA seeks new powers to censure, penalise or disqualify auditors that don't challenge client's management bias Read More...

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Audio: FSA criticises auditors’ lack of scepticism
Audit

Audio: FSA criticises auditors’ lack of scepticism

15y rumo , Writer

Audio: FSA criticises auditors’ lack of scepticism

FSA launches attack on auditors which could influence debate on audit’s future Read More...

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Video: FSA criticises auditors’ lack of scepticism
Audit

Video: FSA criticises auditors’ lack of scepticism

15y rumo , Writer

Video: FSA criticises auditors’ lack of scepticism

FSA launches attack on auditors which could influence debate on audit’s future Read More...

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ICAEW hits back at FSA-FRC auditor criticisms
Audit

ICAEW hits back at FSA-FRC auditor criticisms

15y Mario Christodoulou

ICAEW hits back at FSA-FRC auditor criticisms

Profession defends role of auditors in lead-up to banking crisis, but accepts need for change Read More...

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FSA audit report: Regulator seeks power to disqualify audit firms
Audit

FSA audit report: Regulator seeks power to disqualify audit firms

15y Mario Christodoulou

FSA audit report: Regulator seeks power to disqual...

Bold new powers sought by financial regulator Read More...

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Breaking News: FSA accuse auditors of failing to question management bias
Audit

Breaking News: FSA accuse auditors of failing to question management bias

15y Mario Christodoulou

Breaking News: FSA accuse auditors of failing to q...

Auditors showed a "worrying lack of skepticism" Read More...

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FD leaves Rock to focus on FSA probe
People Business

FD leaves Rock to focus on FSA probe

15y Rachael Singh

FD leaves Rock to focus on FSA probe

Northern Rock Asset Management FD David Jones steps down to concentrate on an ongoing FSA investigation Read More...

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FSA fines Commerze for "inaccurate reports"
Corporate Finance

FSA fines Commerze for "inaccurate reports"

15y Accountancy Age

FSA fines Commerze for "inaccurate reports"

Watchdog said firm failed to file adequate reports "despite repeated reminders" Read More...

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Watchdog to look into plans for ‘regulatory page’ in reports
Corporate Governance

Watchdog to look into plans for ‘regulatory page’ in reports

15y Mario Christodoulou

Watchdog to look into plans for ‘regulatory page’ ...

FSA to explore idea of introducing regulatory income page in company reports Read More...

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Turner and Tweedie to the rescue
Accounting Standards

Turner and Tweedie to the rescue

15y Mario Christodoulou

Turner and Tweedie to the rescue

IASB proposal would leave core financials in banks' annual reports " unpolluted" by regulatory calculations Read More...

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FSA walks away from Grant Thornton
Audit

FSA walks away from Grant Thornton

15y Mario Christodoulou

FSA walks away from Grant Thornton

Government auditor to replace GT Read More...

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US fair value rules complicate convergence, warns Turner
Accounting Standards

US fair value rules complicate convergence, warns Turner

15y Mario Christodoulou

US fair value rules complicate convergence, warns ...

Converging with US standards may compromise international standards, explains FSA chairman Read More...

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FSA wants to regulate public sector treasury advice
Politics

FSA wants to regulate public sector treasury advice

15y Accountancy Age

FSA wants to regulate public sector treasury advic...

Treasury management advisers could face regulation by the FSA Read More...

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FSA: Accounting must help avoid another bank crisis
Accounting Standards

FSA: Accounting must help avoid another bank crisis

15y Kevin Reed , Writer

FSA: Accounting must help avoid another bank crisi...

Lord Turner says accounting standards must help keep banks out of trouble Read More...

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