audit

Corporate Governance: Audit standards and Companies Act update

2010-05-11 13:29
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Steve Collings, audit and technical director at Leavitt Walmsley Associates Ltd, highlights some major changes to audit and accounting standards currently in progress.

IT skills lacking as internal audit ranks higher up the corporate agenda

2010-04-13 22:30
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The global economic crisis has prompted a greater recognition of the critical role played by a robust internal audit capability, but auditors themselves are worried by their own lack of technological skills.

Where HMRC looks for trouble in financial reporting

2010-03-23 09:17
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During tax investigations certain points in the financial statement may be queried with HMRC accountants trained to look out for certain hot spots, including bad debt provisions, related parties, revenue recognition and directors' bonuses.

E&Y saga raises audit choice questions - again

2010-03-16 16:23
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Auditors face firing squad again over Lehman scandal

2010-03-16 14:55
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The US court examiner’s report into the Lehman Brothers collapse has implicated Ernst & Young in the bank’s downfall, but where does the auditor’s responsibility end in relation to fraud?

Governance regulations welcomed by finance and accounting firms

2010-01-19 14:07
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The joint publication by the ICAEW and Financial Reporting Council of a code of governance for listed company auditor has been received with a flurry of supportive statements from the firms concerned.

The Bottom Line:If Mr Cable has his way...

"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more