- September 28, 2011 Audit Checklist to Assess Value for Money The National Audit Office (NAO) has published guidance on auditing behaviour change as part of a value for money assessment of government programmes of activity. The NAO says behaviour change is important for value ...
- September 28, 2011 Untold Consequences Loom in Audit-Only Landscape AMONG THE game-changing proposals packed into Barnier's draft green paper on audit, the scariest must be the separation of audit and non-audit services at the largest firms. Quite what this would mean for the audit ...
- September 27, 2011 Deloitte Reports 8% Rise in Global Revenue Deloitte’s global revenues are up by 8.45% to reach $28.8bn (£18.7bn), the firm’s highest rate of growth in the past three years. Income from financial advisory work saw a 15.1% rise, compared with 14.9% i ...
- September 27, 2011 Deloitte Sued for $7.6bn Deloitte is being sued for $7.6bn (£4.9bn) for failing to detect fraud during its audits of one of the biggest private mortgage firms to collapse during the US housing crash. A trust overseeing the bankruptcy of ...
- September 26, 2011 KPMG to Lead UBS Investigation The Financial Services Authority (FSA) has announced that KPMG will lead an independent regulatory investigation into the events at UBS which have seen the bank lose $2.3bn (£1.5bn) as a result of alleged rogue ...
- September 26, 2011 Audit Rotation and the Consultation Conundrum WHAT DOES CONSULTATION mean? European commissioner for internal markets Michel Barnier is currently deliberating competition-boosting measures, and mandatory firm rotation appears high on his wish list. At the same ...
- September 26, 2011 EU to Propose Audit-Only Firms and Mandatory Rotation NEW EUROPEAN REGULATION looks set to turn auditing upside down, potentially forcing the biggest firms to choose between audit and non-audit services and ushering in mandatory rotation. A draft of the European ...
- September 22, 2011 Minutes from the Second Meeting of the Experts Group on Non-Financial Disclosure by Companies The European Commisssion's Expert Group on disclosure of non-financial information by EU companies held its second meeting on 12 September 2011. Minutes from that meeting are now available on the EC's website (PDF 57k). ...
- September 22, 2011 ICAEW Gives Charities a Helping Hand THE ICAEW has sided with the Charity Commission is to provide free financial health checks for charities with a turnover of less than £5m. Volunteer reviewers will examine not-for-profit groups' financial ...
- September 21, 2011 Audit Inspectors 'Pleased' with Smaller Firms' Progress AUDIT INSPECTORS have praised audits of firms with fewer than ten listed clients, but their annual report shows there is still some way to go. The number of audits requiring significant improvement has fallen ...
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