Is private sector auditing of large financial institutions fit for purpose?
The accounting profession and others in the financial services industry are at risk of extinction due to technological advances.
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In the face of technological threats, it may be tempting to turn finance professionals into data scientists. This isn’t the way forward. Instead, they need to find new uses for their expertise.
Wotif is one of a slew of formerly competitive rivals bought up by Expedia.
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Australian authorities have allowed predatory online travel agents to shrink their tax base while penalising Australian accommodation operators thanks to onerous commissions and vanishing competition
A little transparency goes a long way.
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A plan to disclose the names of corporate auditors has its flaws, but it comes with a rule that will help investors determine how well a company is being audited.
Going round in circles.
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The UK accountancy watchdog has barked. The Financial Reporting Council (FRC) has fined Deloitte & Touche £14 million for failures relating to the demise of MG Rover. The report says Deloitte was engaged…
Banks behaving badly: ensuring banks’ sustainability reports are accurate and credible will go some way in restoring public confidence.
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“Events over the past couple of years have raised profound questions about the ways in which banks and businesses contribute to society. For both to play their full part, they must restore trust and become…