http://www.accountingweb.co.uk/financial_reporting http://www.accountingweb.co.uk/item/189418/1025/1024/1026 8-10-2008 http://www.accountingweb.co.uk/item/189181/1025/1024/1026 2-10-2008 http://www.accountingweb.co.uk/item/189122/1025/1024/1026 1-10-2008 ]]> http://www.accountingweb.co.uk/item/188680/1025/1024/1026 18-09-2008 http://www.accountingweb.co.uk/item/188401/1025/1024/1026 11-09-2008 http://www.accountingweb.co.uk/item/188395/1025/1024/1026 11-09-2008 http://www.accountingweb.co.uk/item/188359/1025/1024/1026 11-09-2008 http://www.accountingweb.co.uk/item/187127/1025/1024/1026 7-08-2008 Report of the directors ]]> http://www.accountingweb.co.uk/item/186607/1025/1024/1026 24-07-2008 http://www.accountingweb.co.uk/item/186436/1025/1024/1026 21-07-2008 http://www.accountingweb.co.uk/item/186327/1025/1024/1026 17-07-2008 Fraud has become a major issue within the accountancy profession over recent years and the accounting and audit profession has suffered a significant amount of embarrassment because of the failings whereby audit firms have either overlooked or ‘turned a blind eye’ to fraud. ]]> http://www.accountingweb.co.uk/item/185887/1025/1024/1026 7-07-2008 This week the Financial Reporting Council (FRC) issued the guidance to the auditor liability clauses contained in the Companies Act 2006. The clauses came into force on 6 April. ]]> http://www.accountingweb.co.uk/item/185609/1025/1024/1026 1-07-2008 With the credit crunch showing no sign of diminishing and an economic slowdown seemingly taking hold, audit committee members are putting risk management at the top of their agendas – so says a survey by KPMG. The survey took in the views of almost 150 UK audit committee members of public companies, and over 1,000 committee members globally. It revealed that risk management is now the clear first priority of audit members, surging ahead of the more traditional areas of committee activity such as accounting judgements and internal controls.
]]> http://www.accountingweb.co.uk/item/185460/1025/1024/1026 27-06-2008 On 12 June 2008, the Accounting Standards Board (ASB) issued an updated version of the Financial Reporting Standard for Smaller Entities (FRSSE). ]]> http://www.accountingweb.co.uk/item/185149/1025/1024/1026 20-06-2008 This weekend in Colombo former CIMA president Norman Lyle delivered a paper that gave a snapshot view of boardroom opinions, and revealed a world in which finance directors are struggling to cope with the complexities of the new corporate report. ]]> http://www.accountingweb.co.uk/item/184291/1025/1024/1026 2-06-2008 This article addresses the problem of the limited relevance of much academic research into valuation, which applies particularly for practitioners and investment professionals based outside the USA. This does not of course apply to all research, and certainly much of the US-based research can be of excellent quality - such as the recent studies by Fama and French into pricing discrepancies for small companies, and the “non-academic” Duff & Phelps Risk Premium Report (see last month’s article on SME Valuations). Nevertheless, the general lack of relevance of much of the research to the world outside the USA does of itself result in a lower quality of valuations which can be performed based upon available market information in the UK and in the rest of the world. ]]> http://www.accountingweb.co.uk/item/183925/1025/1024/1026 22-05-2008 Philip Turnbull, Chief Executive of the Association of International Accountants (AIA), takes a look at the Woolf Report following the corruption allegations surrounding BAE Systems and considers the implications for companies, the UK and the worldwide accounting profession. ]]> http://www.accountingweb.co.uk/item/183923/1025/1024/1026 22-05-2008 http://www.accountingweb.co.uk/item/183886/1025/1024/1026 22-05-2008 http://www.accountingweb.co.uk/item/183466/1025/1024/1026 14-05-2008