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KPMG UK called out over audit quality by watchdog
KPMG UK has been scrutinised by the Financial Reporting Council (FRC) for “unacceptable deterioration” of their audit quality. A half of KPMG’S... read more
Reports: Indian firms moving away from revenue targets
A number of firms in India, including the Big Four, have removed or relaxed revenue targets for their audit partners, according to a report from... read more
Former BHS select committee questions FRC over PwC UK fine
The UK’s Financial Reporting Council (FRC) has been questioned over its reasons for the £6.5m (£8.65m) it administered to PwC for its work related... read more
PwC UK fined £6.5m for failed BHS audit
The UK Financial Reporting Council (FRC) has fined PwC £10m ($13.3m), reduced to £6.5m, for its audit of retailer British Home Stores (BHS), which... read more
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GDPR: challenge or opportunity?
In the weeks leading up to the introduction of GDPR, the accountancy profession seemed to be well prepared to meet compliance, with firms having... read more
To audit or not to audit: Debunking the myths about audit for SMEs
The European Federation of Accountants and Auditors for small and medium-sized enterprises (EFAA) president Bodo Richardt, and director, Paul... read more
Draft EU directive targets tax intermediaries
Tax intermediaries involved in schemes that could be seen as being ‘of interest’ to the authorities will have to disclose this. The new rule also... read more
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Latest Comments More
It’s a Square life, and that’s a good thing!
Do you have what is often called a ‘Bucket List’? A list of things you really want to do or places to go, before you die? Well I do, and I have been lucky enough to see, do or go to a significant number of them already. I still haven’t been on an African Safari, probably one of the first I put on my list. Nor been to the tombs of Petra. But I have been able to visit most of the other wonders of the ancient world as well as many of the modern world. And I’ve taken part in several events that were also on the list. read more
Digital Disruption: What does it mean for accounting?
There is a vague feeling of loss each time computers learn to perform a skill better than we can. Experts at the abacus no doubt felt it when calculators made their knowledge obsolete. Interestingly the first calculator, invented in 1645 by a supervisor of taxes in Rouen, was created to try to reduce tedious calculations required. That seems remarkably prescient for what we are about to discuss. read more
Comment: Mind the mud, or is that ‘Mine the mud?
Monday 2 April was Easter Monday in the western Christian calendar, and thus a public holiday in the UK. read more