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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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Danger of death: Which audit firm will go down first?

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: The Herald Business Date: 6 November 2008 The accountancy firms that audited our distressed banks are coming under increased scrutiny The partners of “Big Four” accountancy firms have good reason to feel nervous at the moment. Already the world’s largest accountancy firm PricewaterhouseCoopers, which was responsible …

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In search of the perfect suitor

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Scottish Business Insider Date: August 2008 For niche oil and gas group Corpro, finding new part-owners with the right industry know-how and vision were essential WHEN PASCAL Bartette, chief executive of Aberdeen-based oil services company Corpro Group, was looking for new part-owners for the business early …

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Is Scottish golf getting a bit buggy?

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: CA Magazine Date: 5 May 2008 It may be the home of golf, but factors such as cost, weather and old-fashioned attitudes are leading some to turn to warmer climes such as Dubai, South Africa and even China. Still, as Ian Fraser reports, major investment is …

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Creative accounting

In Blog by Ian Fraser0 Comments

4 December 2007 The hall of shame of those deemed responsible for the subprime mess has been extended. Until now, those mainly blamed for engendering the current crisis, which could yet tip us into a global recession, have included the ratings agencies, market participants (notably Bear Stearns, Citigroup and Merrill …

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Internacionale stays on the home front

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: Scottish Business Insider Date: August 2007 Instead of a hugely unsettling trade sale, perhaps to a foreign buyer, the all-Scottish MBO of Ken Cairnduff’s Internacionale satisfied all round. The management buyout of Internacionale Holdings was an archetypal Scottish deal in that a successful, home-grown, entrepreneurial business was …

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Auditing can mean either pain or gain

In Article Library by Ian Fraser0 Comments

By Ian Fraser Published: The Herald Date 12 March 2007 Many small and medium-sized enterprises (SMEs) regard their annual audit as an expensive and time-consuming chore that brings them little of value, while only one-third carries out an audit because it is a statutory requirement. However, companies with this blinkered …

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Flight club

In Article Library by Ian Fraser1 Comment

By Ian Fraser Published: Headroom (published by KPMG) Date: 6 November 2006 Where are the lowest tax rates? What happens when you live and work across different tax jurisdictions? Headroom examines the possibilities within Europe Ian Fraser reports As you toil away in one of Europe’s established financial centers, beset …