Audit: Features

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Peter Williams

Accounting: Examining the role of statutory audit

Is statutory audit worth the money when most European businesses don’t do it?

The Non-executive: Understanding the role of the audit committee chair

Our new columnist ponders the role of the audit committee chairperson in hiring and firing subsidiary FDs

Corporate Governance: Repo accounting and the pressure to massage figures

Repo 105 is not a scandal – it’s a revelation of the pressure that companies are under to massage quarterly figures

Accounting – Letter of intent: Don't blame the auditors

An open letter to Treasury Select Committee chairman John McFall says auditors aren’t to blame for the crisis

Accounting: Playing low-ball

The Big Four have a stranglehold over the audit market and it’s a position they are not about to relinquish easily

Ouside the box: Transparency is key to accounting

Auditors must show that they have the systems in place to provide objective, transparent reports

Accounting: Principle rules

Principles-based accounting may be simpler and more flexible, but much depends on who sets the principles

Battlefield lessons for the institutes

Not all accountants are the same. ICAEW chief executive Eric Anstee told us recently that English & Welsh chartered accountants arrive at a decision through a process involving judgement; the typical CIMA accountant will make a decision only after analysing a problem to death. As for CIPFA members, their chief exec Steve Freer tells us that the public sector accountants are particularly well versed in analysing options to be presented to politicians, who make the final decision.
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