Search Results for: Accountancy
One in 20 registered audit firms quit the market in last year
June 23rd, 2015
Almost one in 20 firms registered to audit company accounts in the UK have quit the line of work in the past year, the FRC‘s annual assessment of the profession has found. According to statistics from the reporting watchdog, the ...
Investigation into KPMG in connection with The Bank of New York Mellon’s compliance with the FSA’s client asset rules
June 23rd, 2015
The Financial Reporting Council (FRC) has launched an investigation under the Accountancy Scheme into the conduct of KPMG Audit plc, auditors to The Bank of New York Mellon London branch and The Bank of New York Mellon International Limited, ...
Baker Tilly renamed RSM as firms adopt global brand
June 12th, 2015
One of the UK’s largest accounting practices is to change its name as part of major image shake-up at the international network it joined last year. Baker Tilly, the UK’s seventh-largest firm, will become RSM after its global accounting network ...
FCA defends secondments with ‘Big Four’ accountants
June 4th, 2015
The Financial Conduct Authority (FCA) has revealed how many staff were seconded to and from it from the ‘Big Four‘ accountancy firms Deloitte, KPMG, PwC and EY in 2014. Following a Freedom of Information (FoI) request by sister publication Insurance Age, the ...
Top news of the day, May 27
May 27th, 2015
1.FDI into Europe hits a new record with US$305b attracted into the region in 2014, translating to a 36% year-on-year growth, despite global growth slowdown. Last year alone, 43 European countries – including Russia and Turkey – drew 4,341 ...
EY’s slick tender secures Royal Dutch Shell audit
May 21st, 2015
EY is on the cusp of being crowned new auditors to Royal Dutch Shell should its shareholders anoint them at the fossil fuel giant’s 2016 Annual General Meeting. The announcement secures EY’s growing presence in the sector having already bagged ...
IFRS 9 could hike banks’ loan loss provisioning by 50%
May 19th, 2015
BANKS could be forced to set aside as much as 50% more capital to cover possible future losses from bad loans under new accounting rules on credit exposures, research by Deloitte has found. According to Deloitte’s Fifth Global IFRS Banking ...
AICPA Proposes Six-Point Plan to Improve Audit Performance
May 15th, 2015
The American Institute of CPAs (AICPA) today released a Six-Point Plan to Improve Audits that provides a roadmap for the profession’s continued journey to audit excellence. The plan concentrates on financial statement audits for private companies, employee benefit plans and governmental entities in ...
AICPA urges FAF to maintain momentum on private company issues
May 13th, 2015
The AICPA is encouraging the Financial Accounting Foundation (FAF) to maintain the commitment to private company accounting that it has displayed through the work of the Private Company Council (PCC) along with FASB. The board of trustees of FAF, ...
ACCA appoints current Singapore head to key strategy and development role for Asia Pacific
May 6th, 2015
Ms Leong Soo Yee tasked with developing growth potential within the region ACCA (the Association of Chartered Certified Accountants) today announced the appointment of Leong Soo Yee, the current head of its Singapore office, to the role of Director ...
