Carillion collapse prompts audit rethink
Monday, 15th January 2018 will probably be seen as the UK audit industry’s ‘tobacco moment’ – a day that caused […]
accountancy
KPMG’s annual report — vague about ethics
By Atul Shah The growing size and influence of “big four” accountancy firms as they further transform themselves into global business
Salmond’s £1.7m bung to KPMG is a kick in the teeth for taxpayers
The government of first minister Alex Salmond yesterday gave a £1.7 million Regional Selective Assistance grant to the ‘Big Four’
Financial regulation: with Griffith-Jones’ appointment, Britain keeps it in the family
I was surprised and exasperated to learn last week that chancellor George Osborne has rubber-stamped the appointment of John Griffith-Jones,
Looks like Fred Goodwin may face criminal charges after all
The FSA spent an estimated £10m on its report into the failure of RBS, including £7.7m paid to ‘Big Four’
Big Four finally held to account
The “Big Four” accountancy firms, whose complacency and dereliction of duty were major contributors to the banking crisis that tipped the
Italy offers a warning
There aren’t many signs of national bankruptcy in Siena, capital of Siena province in Tuscany. There is the odd boarded-up
Accountancy lost sight of its primary role to the detriment of us all
Accountancy has changed beyond recognition since the 1970s. At that time the accountancy professor Roy Sidebotham wrote: “There seems to be
Steve Baker’s bill would expose banks’ false profits, overstated capital and disguised losses
My work on the flawed nature of “mark-to-market” accounting and IFRS accounting standards has been included as supporting evidence in
‘Hounded’ by Royal Bank of Scotland, Highland accountancy firm on the brink
A LEADING Highland firm of chartered accountants and tax advisers is facing bankruptcy following a lengthy dispute with the state-owned
The horse has bolted, but at least the Lords have started to clean out accountancy’s Augean stables
Lord MacGregor, a former Conservative chief secretary of the Treasury, today unveiled the hard-hitting and long-awaited conclusions of the House
Whistleblower alleges ‘largest sustained cooking of books in British financial history’
A CORPORATE whistleblower’s eight-year battle over his claims that Scottish Widows policyholders were deprived of £1.5 billion during the Lloyds
Is the House of Lords’ crisis inquiry putting the FCIC to shame?
The many inquiries into the financial crisis have turned over plenty of stones but have failed to find any smoking
Mark-to-market is accounting a danger to capitalism
The interrogation of Barclays’ newly-installed chief executive Bob Diamond by the Treasury committee of the House of Commons last Tuesday
Francine McKenna: Ten things you need to know about ‘Big Four’ audit firms
I’ve long suspected that, where banking and finance sector clients are concerned, the Big Four audit firms see their role
Charlie Munger: “The accounting profession is a sewer”
In this remarkable interview, Stanford University’s professor Joseph A. Grundfest talks Charlie T. Munger, vice-chairman of Berkshire Hathaway. It might
The FSA wanted someone to whitewash RBS and, sure enough, PWC obliged — the FSA’s RBS report, Part 2
The Financial Services Authority this morning declared that, after a 17-month “investigation”, it has concluded that none of the RBS
Scottish Revolution – Alyson Stafford interview
One aspect of her job that Alyson Stafford relishes is her interactions with Scottish politicians, including first minister Alex Salmond
What’s in a name? As failed accountants Vantis serially phoenix, Beavis and FRP by other names could smell as stale
A couple of new names have risen in the accountancy and insolvency practitioner firmament —Beavis Morgan and FRP Advisory. But
‘Big Four’ audit firms admit they misrepresented bank solvency pre-crisis
I was shocked by the testimony given by the heads of the “Big Four” accountancy firms — PricewaterhouseCoopers (PwC), Deloitte,
It’s time for a fundamental overhaul of the accountancy profession
America’s Financial Accounting Standards Board (FASB) and its London-based counterpart, the International Accounting Standards Board (IASB), both privately-owned, self-regulatory bodies,