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Accounting

APB issues draft charity audit guidance

The Auditing Practices Board (APB) has published a consultation draft of a revision of Practice Note (PN) 11: The Audit of Charities in the United Kingdom.

Oversight Board issues confidentiality update

The Professional Oversight Board has published the updated operating procedures of its audit inspection unit (AIU) for maintaining the confidentiality of information it obtains from audit firms for the purposes of its inspections.

KPMG chair calls for new audit kitemark

The co-chairman of KPMG Europe has called for a re-think of the role of public company audits.

Interest in pension buyouts doubles

Double the number of UK pension schemes are preparing for buyout within the next 10 years than were a year ago.

NHS finance director jailed

Philip Neal, a former finance director at Mid Essex Health Trust, has been jailed for forgery.

Ten To-Do’s for Audit Committees in 2008

Tim Copnell looks at ten things audit committees should do when considering their 2008 agendas.

APB updates money laundering note

The Auditing Practices Board has issued updated guidance on anti-money laundering.

The cost of living longer

Financial directors have come to know that changes to longevity assumptions mean only one thing - higher disclosed pension liabilities.

ICAEW warns of ill-thought through policy proposals

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that the impact of ill-thought through policy proposals undermines the UK’s competitiveness as an economy.

Planning a career in audit

Adam Nicholl, managing consultant at specialist finance search and selection firm GRS Group shines a light on the perfect career path in audit.

Mortality triggers could be misleading

Watson Wyatt cautions pension schemes about blindly following the Pensions Regulator's trigger points on mortality assumptions.

Counting the cost of advertising

An audit could be the best way to get to grips not only with advertising costs but also the whole advertiser/advertising agency relationship, as Stephen Broderick reports.

Accountancy recruitment still buoyant

The number of senior accountancy jobs would seem to suggest that investment banking recruitment should remain relatively healthy - for accountants at least.

How a finance trainee left a $152m hole at Ace Hardware

US retail co-operative Ace Hardware considered switching from being a dealer-owner co-operative to becoming a for-profit corporation, when it discovered a $152 million accounting shortfall.