US watchdog’s chief accountant speaks to ICAEW

Boosting audit quality is vital to global economic progress, according to Wesley Bricker, chief accountant at the US’s financial watchdog, the Securities and Exchange Commission. Wesley’s talk on “The intersection of financial reporting and innovation” at ICAEW in London last week was right on the mark … and the full text of his lecture can be found […]

Continue Reading

Carillion demise may spark Big Four break-up

Good morning everyone … but not so good, I suspect, if you are involved with the Big Four/Carillion/financial regulation. MPs are not happy with the UK’s leading auditors. At all. In fact, our representatives at Westminster say the top accounting dogs are a “cosy club incapable of providing the degree of independent challenge needed”. They want […]

Continue Reading

L&G chief leads FRC inquiry; tax goes simple(ish); Carillion clears

Another day, another Daily Insight. And yet another government inquiry! Sir John Kingman, ex-Treasury and now chairman of insurance group Legal & General, will lead a “root and branch” probe into the accounting watchdog, the FRC. At the heart of the investigation are the ways the Financial Reporting Council approaches conflicts of interests and transparency. […]

Continue Reading

Weekly Insight: From Carillion Catastrophe to Tax Return Teasers

Welcome to Accounting Insights’s new Weekly Insight into what’s happening in the worlds of accountancy, finance and, to be honest, whatever else takes our fancy…. Where do you start with the collapse of the UK construction colossus Carillion? Well, take your pick from any number of alleged idiocies, indiscretions and/or errors. For starters, the liquidation […]

Continue Reading