Watchdog lambasts accountants for ‘basic’ cash flow mistakes November 17, 2020 The Financial Report Council (FRC) has lambasted the accountancy industry for basic errors in cash flow statements. The watchdog said it continues to identify errors in cash flow statements, and as a result has published a review on the subject that examines many of the issues faced in their preparation, and provides information on how [...]
EY gender pay gap shrinks as ethnicity pay gap widens January 14, 2021 Ernst & Young has reported a 32.4 per cent gender pay gap among its staff, as at April 2020, and a nearly 37 per cent ethnicity pay gap. EY UK chairman Hywel Ball said the gender pay gap at the Big Four firm had improved by 4.7 per cent in the last year, which was [...]
UK arrivals face hotel quarantine to stop mutant variant spread January 17, 2021 Ministers have been asked to draw up plans to strengthen Britain’s borders, to stop new variants of coronavirus undermining the vaccination effort. Officials have been told to prepare for the creation of quarantine hotels for those arrived in Britain, and to use GPS and facial-recognition technology to check that people are staying in isolation, the [...]
Singapore audit reform stresses need for UK action, IIA warns January 13, 2021 Recent changes to rules surrounding audit in Singapore have highlighted why action on audit reform in the UK is crucial, the CEO of the Chartered Institute of Internal Auditors has warned. CEO John Wood said reform of the UK’s audit sector was necessary to protect the UK’s leading reputation in corporate governance. The Singapore stock [...]
Is it time a decentralised world created a scoring system for accurate information? February 26, 2022 Dr Chris Kacher examines how our industry can help to purify accuracy in the freedom of expression we crave.
Deloitte China whistleblower circulates damning presentation on social media that alleges audit failures of RYB Education February 5, 2021 Big Four firm Deloitte is under pressure after one of its employees reportedly made a 55-page PowerPoint presentation that exposed the firm’s alleged accounting violations in China. The PowerPoint, which has been circulating on Weibo, a Chinese website similar to Twitter, has alleged that when Deloitte was auditing the financial data of its client RYB [...]
The three potential metaversal consequences of QEndless January 5, 2022 Dr Chris Kacher examines how the world is on a knife edge, but could a metaversal snowflake create an avalanche to tip the scales?
The metaverse delivers a massively transformative purpose June 29, 2021 Dr Chris Kacher explains how the metaverse delivers a massively transformative purpose for all.
How tokenisation as a method of funding could help technology companies December 10, 2021 There are some obstacles in the way of widespread adoption of tokenisation, but there are clear paths ahead, writes Emily Pavlou.
Government launches legal action against former Carillion directors January 14, 2021 Ministers have launched legal action against eight former directors of collapsed outsourcing giant Carillion, a move that could see them banned from serving as directors for up to 15 years. Nearly three years after the firm went bust, business secretary Kwasi Kwarteng has brought proceedings against the former chairman, two chief executives, two finance chiefs, [...]