No SOX please, we are British: What do SOX-legislated companies need to do to get their tax controls fully up to scratch?

Article Abstract:

The new Sarbanes-Oxley (SOX) legislation is intended to improve the risk management, financial control and accuracy of company reporting. Companies needed to align their SOX compliance with a robust resource plan, and as salaries in the marketplace will increase in the short term, it is important to maximize the benefits of training, IT and staff sharing arrangements with other areas of the finance department.

Corporate taxes, Corporations

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Power points: Transition to IFRS will place an unusual burden on many parts of the utilities sector

Article Abstract:

The power companies have sophisticated planning and commodity risk management processes to ensure they could meet production and customer requirements, and to manage the associated prices and volume risks. These processes reflected in the unique nature of electricity as a commodity, which could be stored.

Electric Utilities, Electric Power Generation, Transmission and Distribution, Electric services, Capital funds & cash flow, Asset & Risk Management, Accounting and auditing, Risk management

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Under the microscope

Article Abstract:

The Financial Reporting Council's (FRC) proposal to promote greater transparency through the publication of reports of inspections undertaken by its Audit Inspection Unit (AIU) of the U.K.'s largest audit firms from the year 2008 is discussed.

Auditors

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