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No quick fixes at Davos

I spent last week at the World Economic Forum conference in Davos, Switzerland.  The point of Davos is to bring people together to debate how to make the world better.

 

This year, as might be expected, optimism was in short supply. Howev...

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Higher Apprenticeships to make Accountancy more accessible

ICAEW is developing a higher apprenticeship programme with PWC, the Association of Accounting Technicians (AAT) and the Management Consultancies Association (MCA) as part of our efforts to make our profession more accessible.

 

With youth...

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Financial Services Bill: an end to financial crises?

Yesterday the House of Commons started to debate the Financial Services Bill, which  aims to minimise the possibility of another financial crisis by making the system more resilient. 

 

The main effect will be to replace the current tripa...

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A grim and uncertain year ahead, says BCM research

2012 will be another year of uncertainty for UK businesses, with scaled down investment plans, reluctance to take on new staff, pay remaining flat, and exports at a standstill. It’s a grim picture.

 

That’s the forecast from the ICAEW/ Gra...

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Keeping the momentum going on HMRC service standards

Yesterday I took our campaign for better HMRC service standards to the Small Business Economic Forum which brings together business bodies, banks and BIS ministers together to talk about some of the major challenges facing SMEs. From my experience, ...

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Ten challenges for Banks in their financial reports

As the 2011 year-end bank reporting season starts, financial institutions, their auditors and financial report users must be particularly alert.

 

Tough economic times always mean additional challenges for auditors. In a period of serious ...

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+9 9 votes

Capitalism in Crisis

Reading the Financial Times' Capitalism in Crisis series this week has made me think again about the relationship between business and society.

 

Over the past few years we have seen major failings in capitalism, with pay rewarding fa...

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+3 3 votes

Educating audit!

There’s an expectation gap between what audit does and what people think it does, that’s become clear in recent years.

We are asked, what is it there for, are auditors corporate policeman, are they a safety net for management, do we still need...

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+1 1 vote

New local public audit regime gathers momentum

Plans for local public bodies to appoint their own auditors from an open and competitive market took a significant step forward yesterday, as the Local Government Minister outlined a new local public audit regime.

 

The new regulatory regi...

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+2 2 votes

Insolvency regulation: Consultation shows that it’s working

With the current economic problems and the increasing number of corporate and personal insolvencies the Government’s look at possible reforms to the regulation of insolvency practitioners was perhaps inevitable. Our current system in the UK has not ...