Accounting & Auditing Archives - Page 12 of 12 - Emile Woolf writes

Audit exemption and worthless accounts

The Professional Oversight Board for Accountancy (“POBA”) was set up pursuant to the Companies (Audit, Investigations and Community Enterprise) Act 2004, itself the Government’s response to a series of corporate scandals that shook investor confidence in company reporting and enforcement.  The Government has delegated to POBA its own powers to oversee and monitor audit regulation […]

Read More…

Are the numbers verifiable? Two transatlantic papers question the fair value excursion.

My August 2006 article on the IFRS convergence fiasco generated emails indicating that mine is not a lone voice in questioning the direction that financial reporting standards are taking.  I am prompted to revisit the topic from a transatlantic perspective after reading recent papers by Ross L Watts of Sloan School, MIT, and Roy Ball […]

Read More…