Interim reporting: a questions of scope and timing
Article Abstract:
The draft Cadbury Report issued in May 1992 calls for the inclusion of balance sheet and cash flow information in interim financial statements, as well as for the active participation of auditors in reviewing such reports. The Report also proposes the development of guidelines for interim presentation and review to be undertaken by the Accounting Standards Board (ASB) and the Accounting Practices Board, although it does not specify what should comprise such standards. Results of a study of interim reporting done by Coopers & Lybrand, however, show that a growing number of companies are shifting towards full balance sheets and cash flow statements. When considering guidelines for interim reporting, it is therefore necessary for the ASB to weigh the advantages and disadvantages of full statement against those of the Cadbury-proposed selected balance sheet and cash flow information.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1993
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Report of the Disciplinary Committee
Article Abstract:
The Institute of Chartered Acccountants of England and Wales' Disciplinary Committee has released its report for Mar 17 and 30, 1992. The report contains briefs of the Disciplinary Committee's findings and orders concerning cases of breach of Investment Business Regulation 1,50, breaches of Bye-law 76(b), and misconduct contrary to Bye-law 76(a). Among those found guilty of misconduct and breach of said regulations are Thomas Edward Grimes, Colin James Colbourne, Pradipkumar Trikamlal Bhimjiyani, Malcolm McElderry, Martin John Rae, Christopher John Duke and the firm H Harvey Sinclair & Co. Other accountants found guilty of misconduct are Robert Arthur Lawson, Martin St Leger Crowley, Christopher Michael Fogg, Richard Shail, Iain Timothy Thomson and Leslie Cawthorn Walton. The report of the Appeal Committee dated Apr 23, 1992 is also included.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1992
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The role of the auditor: back to the future?
Article Abstract:
The Institute of Chartered Accountants has issued a working party report on the future of auditing in the UK. Topics covered include: the auditing environment; the audit contract; reporting of auditing assurance, including costs, audit intelligibility, and style of qualifications; conflict of interest such as providing non-audit services to the same firm being audited; protection of auditor independence; and the free market and competition for auditing services.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1986
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- Abstracts: Report of the disciplinary committee. Report of the Disciplinary Committee
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