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No mandatory audit firm rotation, but five year audit retendering for UK FTSE350: CC

  • Published: 22 Jul 2013

The UK Competition Commission (CC) has decided against mandatory rotation of audit firms and further restrictions on audit firms providing.... read more

PwC UK issues bribery and corruption risk guide

  • Author: Sophie Exton
  • Published: 11 Jul 2013

PwC UK and the international coalition against corruption, Transparency International, are to give nearly 150 UK businesses a guide on how to.... read more

FRC issues audit tendering advice

  • Author: Sophie Exton
  • Published: 10 Jul 2013

The UK Financial Reporting Council (FRC) has published practical suggestions to help companies undertake an efficient process when putting their.... read more

News analysis: G8 agree new tax regime

  • Author: Charles Wheeldon
  • Published: 19 Jun 2013

G8 leaders have agreed on further transparency on sharing tax information. They will establish automatic exchange of information between tax.... read more

More than 75% of governments still use cash accounting: PwC

  • Published: 14 May 2013

Only 24% of governments globally use accrual accounting, according to a recent survey by PwC.. read more

Mazars steps up its human rights audit project

  • Author: IAB editorial
  • Published: 3 May 2013

Mazars has teamed up with Shift, a non-profit centre on business and human rights, in issuing a discussion paper on the development of global.... read more

CC provisional findings responses see Big Four and mid-tier split

  • Author: Ana Gyorkos
  • Published: 5 Apr 2013

Top accounting firms’ response letters to the UK Competition Commission (CC) reveal a difference of opinion between firms, with the Big Four.... read more

Stakeholders debate CC’s findings and audit quality

  • Author: Ana Gyorkos
  • Published: 21 Mar 2013

Audit committee chairs, investors, UK Financial Reporting Council representatives and practitioners expressed concern over some of the UK.... read more

FRC responds to CC preliminary findings on audit

  • Author: IAB
  • Published: 20 Mar 2013

The Financial Reporting Council (FRC) has welcomed the Competition Commission’s (CC) preliminary findings on the statutory audit services market.. read more

Haddrill defends comply and explain principle

  • Author: Peter Johnstone
  • Published: 28 Feb 2013

The Financial Reporting Council’s (FRC) chief executive Stephen Haddrill has defended the current comply or explain system for audit tendering at.... read more

KPMG, ACCA: Islamic finance reporting needs improvement

  • Author: TA editorial
  • Published: 28 Nov 2012

After bringing together their experts in Islamic finance, KPMG and the Association of Chartered Certified Accountants (ACCA) have published a.... read more

BDO US appoints FASB project manager

  • Author: IAB editorial
  • Published: 21 Aug 2012

BDO US has appointed Lee Klumpp as project manager of the Financial Accounting Standards Board (FASB) Industry Fellowship Program.. read more

Competition Commission survey highlights concentration

  • Author: Ana Gyorkos
  • Published: 26 Jul 2012

A UK Competition Commission (CC) statutory audit survey found 83% of FTSE 350 companies that recently switched auditors opted to choose another Big.... read more

PwC UK recruits business ethics adviser

  • Author: IAB editorial
  • Published: 19 Jun 2012

PwC UK has recruited corporate philosopher and Cass Business School professor Roger Steare to help company leaders better embed integrity in.... read more

FRC calls on firms to maintain quality controls

  • Author: IAB editorial
  • Published: 13 Jun 2012

The UK accounting regulator would like audit firms to establish centralised safeguards to ensure audit quality is maintained as firms look for.... read more

Indian CAs fight branch audit proposals

  • Author: IAB editorial
  • Published: 16 Jan 2012

Indian chartered accountants are said to be lobbying against Reserve Bank of India (RBI) proposals to allow state-run banks to stop mandatory.... read more

Accounting not to blame: Enron whistleblower

  • Author: Ana Gyorkos
  • Published: 7 Dec 2011

A remuneration system that encourages C-suite executives to inflate a companys share price was the root cause of Enron and the subsequent focus on.... read more

Eurozone crisis and IFRS, IAS standards global concern

  • Author: Sara Perria
  • Published: 22 Nov 2011

Concerns about the Eurozone crisis and the number of new IFRS and IAS standards expected for 2013 opened Ernst & Youngs (E&Y) Financial.... read more

Europe takes the lead in corporate responsibility reporting

  • Author: IAB editorial
  • Published: 7 Nov 2011

Six European countries are among the top10 nations reporting on their corporate responsibility (CR), according to KPMGs survey.. read more

PwC UK joins 30% club

  • Author: IAB editorial
  • Published: 18 Oct 2011

The commitment came as the firms chairman Ian Powell joined the 30% Club, a group of organisations voluntarily committed to meeting the goal of.... read more


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