Accounting
IAASB issues two new exposure drafts
The IAASB is proposing revisions to ISA 505 to address concerns that external confirmations may not always be as reliable as expected as audit evidence.
 
CIMA launches Centre of Excellence
The Chartered Institute of Management Accountants (CIMA) is teaming up with the University of Bath to launch the CIMA Centre of Excellence at the University's School of Management.
New layer.
 
Business hits out at compulsory e-filing
The Federation of Small Businesses (FSB) says that forcing small businesses to file pension administration electronically should be a choice not an obligation.
 
Income Top 50 accounting firms up 13%
Annual fee income of the largest 50 accounting firms in the UK rose by 13 per cent to £8.8bn in the financial year ending in 2007 according to a new report.
 
IASB issues exposure draft on standards
The International Accounting Standards Board (IASB) has published proposed amendments to 25 International Financial Reporting Standards (IFRSs).
 
Watchdog finds accounts lacking
A report by the Financial Reporting Review Panel reveals that it had to go back to the directors for clarification in 43 per cent of cases reviewed.
 
What do you want from an auditor?
Although auditors are a fact of life, Finance Directors can play a big role in defining their role.
 
Watchdog charges 69 US auditors
The Securities and Exchange Commission has charged 69 auditors with issuing audit reports  while they were not registered with the Public Company Accounting Oversight Board (PCAOB).
 
New IASB proposal on joint arrangements
The International Accounting Standards Board (IASB) has published for public comment a proposal to improve the accounting for joint arrangements.
 
Actuaries issue with-profit policy briefing
The Actuarial Profession has issued a briefing note to explain the workings of With-Profits Policies.
 
Pension scheme e-filing deadline looms
With one month to go, HMRC is urging registered pension scheme administrators to make sure they're ready for mandatory e-filing.
 
Toys "R" Us adjusts results after error
Retailer Toys "R" Us has adjusted its results for the first three quarters of fiscal 2006 after finding errors in the way it had recorded income taxes.
 
PwC partners see profits rise by 6%
PricewaterhouseCoopers LLP has announced 6 per cent growth in turnover for FY07 to £2.1bn, while underlying net revenue grew 9 per cent.
 
Corporate restructuring expert makes partner
Corporate restructuring specialist Tom Jack has been promoted to partner at Ernst & Young.
 
IASB issues revised standard on presentation of financial statements
The International Accounting Standards Board (IASB) has issued a revised version of IAS 1 Presentation of Financial Statements.
 
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Features

AUDITING
risk
Auditors are putting risk management at the top of their agendas.
The Financial Reporting Council has issued a paper on changes to audit firm ownership rules.
PENSIONS
pension
Pension schemes cite employee understanding and effective communication as top challenges.
Saving for retirement has become a frontline issue, yet companies fall short on guidance.

Accounting Firms

DELOITTE
KPMG
ERNST & YOUNG
PRICEWATERHOUSECOOPERS