Audit inspectors frequently complain about firms that undertake audit work which falls short of acceptable benchmarks, explains Steve Collings.
The Accounting Council of the Financial Reporting Council (FRC) has held two meetings in the month of July relating to the new Financial Reporting Standard applicable in the UK and Republic of
Steve Collings considers some of the emerging questions that are being asked as part of the overhaul of solicitors accounts rules and the ‘outcomes-focused’ regime which now governs the way pro
The introduction of the Academies Act 2010 has seen a significant increase in the number of schools opting out of local authority control and converting to academy status, explains Steve Collin
Many (if not all) accountants are aware that UK GAAP in its current form is set for significant change and it is likely that the Financial Reporting Council (FRC) will announce this year that t
This is the first of two articles and relates to the completion of the external audit because this is an area that is prone to oversight, sometimes due to fee pressure or misunderstanding of th
Steve Collings reports on a new compromise emerging on controversial proposals to amend the international standard governing lease accounting.
The ‘clarified’ International Standards on Auditing (ISAs) have been with us for nearly two years. However, issues are emerging which frequently trip audit firms up – sometimes due to audit so
In January the Accounting Standards Board (ASB) issued revised exposure drafts 46, 47 and 48 outlining their intention to replace all current FRSs/SSAPs and UITF Abstracts with a new ‘Financial