Accounting
FRC paper on choice in the audit market
The Financial Reporting Council has issued a paper on changes to audit firm ownership rules.
 
Charity claims accountants cost lives
Christian Aid has said that 1,000 children a day die as a result of firms minimising tax liabilities.
 
Month-end close more time consuming
Finance departments spend an average of 7.2 days a month on balance sheet substantiation.
 
New name for CLB Littlejohn Frazer
Accounting firm CLB Littlejohn Frazer has shortened its name to Littlejohn.
 
Wheatcroft and PwC to lead LDA audit
A forensic audit panel will investigate financial management at the London Development Agency and Greater London Authority.
 
Treasury as a service centre
The value of Treasury department operations is not seen to have a direct impact on EBITDA and so they lack senior management attention.
 
CIMA warns on pension risk
Longevity risk can have a serious impact on firms' defined benefit pension liabilities.
 
Concentration linked to high audit fees
Concentration in the audit market is directly linked to higher audit fees, a study claims.
 
Audit Office critical of EU finances
The European Union's finance management has improved, but the Audit Office says big question marks remain.
 
Unrealistic 2012 budget slated by MPs
The Public Accounts Select Committee has cast doubts on the financial management of London hosting the 2012 Olympic Games.
 
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