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Mark-to-market accounting a danger to capitalism

In Blog by Ian Fraser0 Comments

18 January 2011 The interrogation of Barclays’ newly-installed chief executive Bob Diamond by the Treasury committee of the House of Commons last Tuesday was an unsatisfactory affair. But it was followed by a much more productive parliamentary session in the UK — a meeting of the House of Lords Economic …

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Moore: FSA lacks competence to investigate bank failures

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Sunday Herald Date: 16 January 2011 Paul Moore, former head group regulatory risk at HBOS-turned-whistleblower, has cast doubt on the rigour of the Financial Services Authority’s ongoing investigation into the collapse of the Edinburgh-based bank, on the grounds that informed critical witnesses have not been approached …

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Are ‘Big Four’ accountants a waste of space?

In Blog by Ian Fraser4 Comments

Updated 5 April 2009 From the evidence submitted to the Treasury Select Committee’s inquiry into the banking crisis, one might conclude that the profession of accountancy as practiced in the UK is past its sell-by date, clinging to the vestiges of power and influence by its fingernails and in urgent …

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Time to audit the auditors — and especially KPMG?

In Blog by Ian Fraser3 Comments

8 January 2009 The House of Commons Treasury Select Committee is to cross-examine representatives of the audit profession later this month as part of its investigation into the banking crisis — and it is not before time. At the January 28 session, senior accountants will be grilled over their role …

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Into the moral maze

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: The Herald Business Date: 26 June 2008 Chartered accountants are being advised to live by ethical codes, not just pay lip service to them BUSINESS ethics, or the lack of them, are once again coming to the fore in business circles. This is hardly surprising. The …

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Royal gets its audit duke in Hazard

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Sunday Herald Date: 3 December 2000 THE current round of banking shake-ups and merger speculation in the UK market has close parallels with the US of five years ago, according to a leading American auditor. It is not unlike what has been going on in the …