Accountancy

KPMG chairman 'welcomes' more rivals

16 May 2007
The chairman of KPMG Europe has said that he would welcome other accountancy firms establishing themselves in the UK to the extent that the Big 4 have.

FSA fines Charterhouse

16 May 2007
Charterhouse Consulting has been fined by the Financial Services Authority (FSA) for carrying out portfolio management without permission.

FSA fines bank for weak anti-fraud measures

15 May 2007
BNP Paribas has been fined £350,000 by the Finanacial Services Authority (FSA) for the weakness of its anti-fraud systems.



'Carbon offset' card offered by Deloitte

11 May 2007
Big 4 accountancy firm Deloitte has teamed up with Barclaycard to offer its employees a carbon offset corporate charge card.

Doubt cast on principles-based regulation

11 May 2007
Many insurers are sceptical about the Financial Services Authority's (FSA) new principles-based regulation drive, according to a recent survey.

FSA: No evidence of S2P mis-selling

10 May 2007
The Financial Services Authority (FSA) found no evidence of widespread mis-selling of the policies used to contract out of the State Second Pension (S2P) since 1988.

Deloitte: UK companies find tax accounting complex

10 May 2007
The majority of companies in the UK do not think that their accounting systems gather enough information to meet the calculations and disclosures required by new regulations, according to a survey by Deloitte.

FSA announces improvement on TCF

09 May 2007
The Financial Services Authority has stated that it is seeing better cooperation from upper levels of the financial services industry on the treating customers fairly (TCF) initiative.

'Incompetent' accountant expelled from ICAEW

09 May 2007
A tribunal from the Institute of Chartered Accountants in England and Wales (ICAEW) has expelled an accountant from the institute due to "extraordinary incompetence".

MPs criticise IFRS 8

08 May 2007
A cross-party group of MPs has called the International Financial Reporting Standard 8 "totally unacceptable" and has launched a motion in opposition of the standard.

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