Blog
Any benefits of the new ‘concierge service’ for high-growth businesses would be completely outweighed by the earned settlement proposals
Tim Richards
18 April 2018
A new international ethical compass for regulated accountants
Last week The International Ethics Standards Board for Accountants® (IESBA®) released a new Code of Ethics for professional accountants. The IESBA is the global independent standard-setting body that sets ethical standards, including auditor independence requirements for professional accountants. IESBA is one of the standard setting boards of the International Federation of Accountants (IFAC). IFAC is a global body for the accountancy profession which aims to strengthen the profession and contribute to the development of strong international economies.
11 April 2018
Will Grant Thornton be the catalyst for change in the audit market?
Grant Thornton last week announced that it has decided to opt out of bidding for audit work for FTSE 350 companies, in a move that could ultimately cause a seismic shift in the audit market.
6 March 2018
Accountancy Profession Breaking Down Geographical Borders
Last week, the Institute of Chartered Accountants of Scotland (ICAS), US accountancy bodies The National Association of State Boards of Accountancy (NASBA) and The American Institute of CPAs (AICPA), signed an agreement which will allow for their respective members to practise in the other’s jurisdiction. This will be an exciting development for ICAS members who will, after meeting certain requirements, be able to practise in the US; a perfect opportunity to work in audit whilst experiencing all that America has to offer.
16 February 2018
Directorships in the financial or insurance sector: a career pinnacle or poisoned chalice?
In the not too distant past, a directorship in a bank, insurance company or financial services firm was seen as a lucrative and career-defining role. Many directors built a career out of having a portfolio of Board appointments, which involved a significant degree of responsibility to the organisation, but, in many circumstances, little personal regulatory oversight.
8 November 2017
A recent reminder of the obligation to cooperate with an ICAEW investigation
The ICAEW has recently imposed a severe reprimand, £5000 fine and £3337 costs award on a member who failed to provide information requested by the ICAEW in accordance with a disciplinary investigation. This recent case serves as a reminder for members of accountancy bodies of the potential consequences of not cooperating with a disciplinary investigation by their regulator.