British Accountancy Awards 2016 judges revealed

ACCOUNTANCY AGE reveal for the 2016 British Accountancy Awards, Another 10 judges will join the existing panel of judges in due course. The judges list: James Abbott, president, UK200 Group Sue Almond, head of audit and assurance, Grant Thornton Richard Anning, head of IT Faculty, ICAEW Paul Aplin, partner, AC Mole & Sons & vice-president,… Read more…

IFRS Foundation to cut board size and improve transparency

Trustees of the IFRS Foundation, responsible for the governance and oversight of the IASB, have outlined a series of changes, as follows: The board will be cut from 16 to 13 members The geographic distribution of members will be altered by combining the North American and South American allocations into a single ‘Americas’ category. The… Read more…

OTS look for new tax director as Whiting steps down

THE TREASURY has begun searching for a new permanent tax director for the Office of Tax Simplification, after current director John Whiting decided to finish after six-and-a-half years. On 13 June, the Treasury confirmed Whiting is to step down from the role which he has served in since the OTS’ formation in 2010. The Treasury… Read more…

Collapse of Austin Reed – fails to find buyer

Administrators fail to find buyers resulting in the fashion chain having to close of all their stores by the end of June. The close would affect around 1,000 staff in 120 locations. After the 116-year old in the business, the retailer collapsed days after BHS entered administration. Despite several proposals being put forward, they were unable… Read more…

Research claims management pressures causes accounting fraud

Research conducted by Professor Frank Hartmann of Rotterdam School of Management, Erasmus University (RSM) Hartmann states: “Managers are often guilty of pressuring their controllers to manipulate financial reporting because of personal interests such as securing a promotion or a bonus, or avoiding being fired. “This type of pressure is hard to resist by some controllers… Read more…