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FRC Investor Event on 3rd December 2018

…at which companies with unqualified audits and supposedly good balance sheets go bust, e.g. Carillion, Conviviality). Working with our friends in Europe will be more effective than simply lobbying from…

IC Share Tips, National Grid, Brexit and the Audit Market

…the financial crisis of 2008, BHS, Carillion, Autonomy (covered in a previous blog post) and Conviviality which was mentioned above. This paragraph in their executive summary is worth repeating: “Independent…

Understanding Corporate Governance

ShareSoc INVESTOR ACADEMY Understanding Corporate Governance and the Regulatory Environment In this article ShareSoc explains the meaning and importance of good corporate governance and the regulatory environment applicable to you as an investor, to the companies and instruments you may invest in, to the markets you can trade in, and to the brokers/platforms you may [...]Read more

The Signs Were There – Corporate Disasters and How to Avoid Them

…did. It profiles Connaught, NCC Group, Sports Direct, Hewlett-Packard/Autonomy, Cedar Group, iSoft, Utilitywise, Slater & Gordon/Quindell, Mitie, Guardian IT, Tribal Group, Conviviality, Amey, Capita, Carillion, Northern Rock, Cattles, Healthcare Locums,…

Patisserie – and How to Avoid Such Disasters

…who recently said “Quindell, Globo and Carillion were easy to spot a mile off – indeed we warned investors of all 3 long before they blew up. Patisserie Valerie however,…

Response to FRC Post Implementation Review of 2016 Ethical and Auditing Standards

…decision to hold a post-implementation review of the 2016 Ethical and Auditing standards. The audit profession and audits are in a state of crisis. The recent cases of Carillion, Conviviality,…

Inconvenient AGM at Phoenix, Changes to “Going Concern” and GoCompare

…the unexpected collapse of companies such as HBOS, BHS and Carillion. Such events can be very damaging to both investors and suppliers. The Financial Reporting Council (FRC) is proposing to…

FRC Revolution to Fix Audit and Accounting Problems

Carillion and major banks in 2008 should respond. ShareSoc & UKSA will respond on behalf of our membership, so please let us know if you have any comments or suggestions….

Restoring Trust, After It’s Long Been Lost

…recent years. However diligent you are researching companies and checking their accounts, you are unlikely to have avoided them all. Examples such as Autonomy, BHS, Carillion, Conviviality, Patisserie Valerie and…

Business Perspective Investing – Why Financial Numbers Are Not Important When Picking Shares

…principles explained in that book that helped Roger to avoid investing in Burford, in Quindell, in Carillion, in Silverdell and many other businesses with dubious or fraudulent accounts. Such companies…