Search Results for: Accountancy
Institutes retain regulatory powers over auditors
July 23rd, 2015
Acounting institutes will retain their role as regulators of the accounting profession and the structure of audit regulation will be maintained and will not be subject to statutory legislation when the government implements the EU Audit Directive and Regulation. In a ...
Top 50+50: Firms grow fees despite navel-gazing
July 23rd, 2015
LAST YEAR Accountancy Age spoke of a profession that was looking to take advantage of increased businesses sentiment, more liquidity and better economic conditions. The latest Accountancy Age Top50+50 Survey, supported by Wolters Kluwer, shows that firms have continued to grow fees, as expected. ...
Whistleblower Laws Fail to Curb Toshiba Accounting Fraud
July 23rd, 2015
One of the more intriguing questions stemming from the Toshiba Corp. accounting scandal is this: Where was the whistleblower? Top executives at the Japanese industrial conglomerate, which makes everything from refrigerators to nuclear reactors, padded pretax profit by at ...
Smaller firms beat Big Four to ICAEW exam top scores
July 21st, 2015
The institute’s latest ACA exam results show a consistently high level of passes. Nine out of ten (91.8%) passed Business Strategy; 82% passed Audit & Assurance; and 81.7% passed Financial Management. Four of the top score prizes were scooped ...
PwC is to lose audit power of Aggreko to rival KPMG
July 15th, 2015
PwC is to lose the audit of temporary power outfit Aggreko next year, after 18 years, when Big Four rival KPMG takes control of the £1.1m account. The move is subject to shareholder approval at Aggreko’s 2016 AGM, after ...
EY secured a FTSE 100 company account from rival KPMG
July 13th, 2015
EY is to tuck into another lucrative slice of the FTSE 100 audit market after securing the Associated British Foods (ABF) account from rival KPMG, which has audited the company for over 70 years. The £9.1m account, of which ...
Outcome of disciplinary case against Grant Thornton UK LLP, Alastair Nuttall and Marcus Swales
July 9th, 2015
The Financial Reporting Council (FRC) announces the outcome of the disciplinary case in connection with Grant Thornton UK LLP (Grant Thornton), Alastair Nuttall and Marcus Swales, Audit Engagement Partners in relation to Manchester Building Society. Settlements agreed amongst the ...
Thomson Reuters finds accountants lag behind in tech change
July 1st, 2015
Familiarity with technology is a setback for accountants, Thomson Reuters has found. The survey conducted by Digita – part of Thomson Reuters’ tax and accounting group – shows that 63% of accountants have not changed their software provider for five ...
ACCA: Be aware of financial activity alarm bells, warns CCAB Anti Money Laundering Task Force
July 1st, 2015
Accountants’ ‘professional scepticism’ is the first line of defence in tackling money laundering and terrorist financing, says guidance issued today by the Anti-Money Laundering Taskforce of CCAB, the collective forum of accountancy bodies ICAEW, ACCA, ICAS, CIPFA and Chartered ...
Leading UK corporate financier joins Deloitte
June 26th, 2015
Paul Staples, formerly head of UK corporate finance and a senior managing director in the European Investment banking division of BNP Paribas has joined the Corporate Finance Advisory business of Deloitte as a partner. He completed his accountancy training ...
