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Audits of Special Purpose Frameworks: Obtaining Substantive Evidence from Engagement Letters

April 3rd, 2014 (0)
For some auditors, obtaining engagement letters has become a routine procedure. Copying the letter format from purchased practice aids, making slight modifications to the content and mailing the letter for signature by an entity’s president or board chairman has ...

Parliament brings the audit reform to its final stages

April 3rd, 2014 (0)
ACCA (the Association of Chartered Certified Accountants) welcomes the endorsement of the audit package by the European Parliament. Sue Almond, external affairs director at ACCA, says: ‘ACCA congratulates the effort to increase audit quality and re-establish investor confidence in ...

FCA announces competition review into credit cards

April 3rd, 2014 (0)
The Financial Conduct Authority (FCA) today confirmed its intention to undertake a competition review into the UK’s £150bn credit card market at the end of this year. Speaking at the Credit Today Credit Summit in London, FCA chief executive ...

Firms unite to provide better access to accountancy qualifications

April 3rd, 2014 (0)
THE PROFESSION has united to create a unified approach aimed at helping students from disadvantaged backgrounds obtain accountancy qualifications. The scheme, Access Accountancy was formally launched today at an inner city girls secondary school, based in Islington, London. Firms ...

US Senator: Coal Boss Has ‘Blood on His Hands’

April 3rd, 2014 (0)
Four years into the criminal investigation of the nation’s worst mining disaster in decades, federal officials told ABC News that prosecutors are now focused on the role of West Virginia coal boss Donald L. Blankenship. “I believe this permeated ...

FCA warning for unauthorised firm

April 3rd, 2014 (0)
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a Warning informing the investors that “Baron Group Limited” (www.barongroupltd.com, www.barongrouplimited.com) is not permitted to provide financial services or products. Furthermore, FCA points out that “Baron Group Limited” ...

Fire TV: Amazon’s $99 set top box looks to rival Google and Apple

April 3rd, 2014 (0)
Amazon has entered the battle for remote control of the living room with a $99 television set top box that will give instant access to more than 200,000 films and television series, from Reservoir Dogs to Game of Thrones. ...

Senators accuse GM of illegally hiding ignition-switch flaw

April 3rd, 2014 (0)
Lawmakers on Wednesday bluntly accused General Motors of illegally hiding evidence of a deadly ignition-switch flaw for much of the past decade, as GM chief executive Mary T. Barra endured a second day of combative hearings on Capitol Hill. ...

USD/JPY erodes resistance at 104

April 3rd, 2014 (0)
Pair’s Outlook As USD/JPY approached 104, the rate of the U.S. Dollar’s appreciation slowed down. However, the currency pair still retains the potential to surpass the 2013 highs, even though the technical studies in the near term do not ...

Asian Stocks Rise on Stimulus as Oil Drops With Copper

April 3rd, 2014 (0)
Asian stocks rose for a seventh day in the longest rally this year as the Japanese yen reached a two-month low and China’s government announced stimulus measures. European equity index futures, copper and oil fell. The MSCI Asia Pacific ...
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