Accounting and Audit

Corporate Governance

9 May 2021 / Corporate Governance

Restoring Trust in Audit and Corporate Governance

As it’s Friday afternoon with not much happening, and I have completed my latest complaint about the time it’s taking to complete a SIPP platform transfer, I decided…

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Corporate Governance

21 Mar 2021 / Corporate Governance

Restoring Trust, After It’s Long Been Lost

Failings The Government BEIS Department have published a white paper entitled “Restoring trust in audit and corporate governance”. It’s an acknowledgement that the trust of investors in directors…

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Insolvency and Administration

5 Feb 2021 / Insolvency and Administration

The Courage to Act, or Not

Some of us have plenty of time to read good books while under lockdown rules. Here’s one I have been reading. It’s a memoir by Ben Bernanke, former…

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Regulations and Law

26 Nov 2020 / Regulations and Law

FRC Seminars, Lookers Results, Caparo Judgement and Autonomy Case

I attended two seminars organised by ShareSoc and UKSA with the Financial Reporting Council (FRC) yesterday (24/11/2020) and the day before. The first session was about the “ARGA…

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Corporate Governance

24 Nov 2020 / Corporate Governance

Do Spivvy PE Funds IPO Their Investments at Inflated Prices? – and HM Treasury Consultation UK Listings Review

The AA 86% share price decline, coming on top of the Saga and Aston Martin makes me wonder if PE firms and others are exploiting those retail investors…

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Insolvency and Administration

21 Nov 2020 / Insolvency and Administration

Law Suit Launched Against Grant Thornton over Patisserie Valerie Audits

The Daily Telegraph and some other sources have reported that the liquidators of Patisserie Valerie (CAKE) have filed a claim in the High Court against Grant Thornton over…

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Corporate Governance

6 Nov 2020 / Corporate Governance

Is the FRC doing a good job?

By Cliff Weight, Director, ShareSoc. I think the FRC is doing a much better job. The record fine for Deloitte re Autonomy, (see Compliance Week: FRC fines Deloitte record…

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31 Oct 2020 / Corporate Governance

Changing auditors’ responsibility for detecting fraud

by Mohammed Amin MBE FRSA MA FCA AMCT CTA (Fellow). This article was first published in UKSA’s Newsletter, The Private Investor, and is reproduced with the author’s permission.…

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Regulations and Law

29 Oct 2020 / Regulations and Law

Preventing Fraud in Accounts – FRC Tightens Audit Rules

There have been repeated examples of the accounts of public companies being fraudulent in recent years. Wirecard was probably the latest and biggest example. I have seen examples…

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ShareSoc

17 Sep 2020

Record Fine on Deloitte, But It’s Not Enough       

The Financial Report Council (FRC) has fined accounting firm Deloitte £20.6 million (including costs) for its defective auditing of Autonomy. Deloitte is the largest of the big four…

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Company News

29 Jun 2020 / Company News

Redcentric: Unprecedented Progress for Shareholders – At Last

Two Cheers for the FCA in the Case of Redcentric Two cheers for the FCA: they have achieved a positive outcome for shareholders affected by the case, and…

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Company News

13 May 2020 / Company News

Property Shares Spooked by Land Securities and Pets at Home Accounts Attacked

Land Securities Group (LAND) published their annual results yesterday. I don’t hold the stock but what they said seems to have spooked the whole property sector. The company…

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