Search Results for: PRA
Ukraine Mounts Security Push as Russia Warns on Civil War
April 9th, 2014
Ukrainian authorities sent security forces to Kharkiv to clear the country’s second-biggest city of separatists as U.S. Secretary of State John Kerry accused Russia of using “special forces and agents” to spark unrest. An “anti-terrorist operation” was under way ...
The EU must place a greater emphasis on effective public financial management for the benefit of its citizens
April 8th, 2014
The European Court of Auditors will have an ever increasing role to play when it comes to the effectiveness of EU public financial management, says an EU auditor’s essay in a report from ACCA The European Court of Auditors ...
Reputation: The Hardest Risk to Manage
April 8th, 2014
GlaxoSmithKline’s unfolding bribery scandal is an object lesson in how a direct hit to its reputation can devastate a company’s finances. Protecting an organization’s reputation is the most important and difficult task facing senior management teams and boards of ...
Excel: The power of mapping
April 7th, 2014
Many financial systems do a fine job of generating standard reports, but accountants often need more. In those cases, accountants can create custom solutions in Excel, but that approach has drawbacks. For instance, a typical process may involve exporting ...
FCA on advisory firms
April 7th, 2014
The Financial Conduct Authority’s (FCA), has issued a press release arguing that too many advisory firms are not being clear with consumers on how much advice costs, the type of service they offer (whether it is restricted and the ...
Beware of ‘cloud’ computing snoopers, law firms warned
April 7th, 2014
Firms planning to rely on ‘cloud’ technology for their IT should be aware of the risk of lawful interception by intelligence agencies, the Law Society warns today. A practice note on cloud computing – in which data is stored ...
Audits of Special Purpose Frameworks: Obtaining Substantive Evidence from Engagement Letters
April 3rd, 2014
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
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 ...
US Senator: Coal Boss Has ‘Blood on His Hands’
April 3rd, 2014
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 ...
Asian Stocks Rise on Stimulus as Oil Drops With Copper
April 3rd, 2014
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 ...
