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Every article from your latest print edition of CA Magazine

March 2010

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ICAS puts cross-selling under the spotlight

The audit committees of listed companies should make clear and detailed information public to explain to shareholders how decisions regarding the provision of non-audit services by the company’s external auditor are made, and their process for ensuring the independence of the auditor

2010 a critical year for IFRS, says firm

This year will be critical for the progression of International Financial Reporting Standards (IFRS), says Ernst & Young, with Canada, India and much of South America beginning their conversion to IFRS

Political interference ‘greatest risk to global banking industry’

The greatest risk now facing the banking industry is not financial but political, according to the Banking Banana Skins survey conducted by the Centre for Study of Financial Innovation think tank, in association with PricewaterhouseCoopers

Keep it simple, says GAA

The world’s leading accounting bodies have published a report calling for more “simplicity and usefulness” in financial reporting

Retailers frozen out in worst January for 15 years

Bad weather contributed to a grim January for retailers, according to statistics compiled by the British Retail Consortium and KPMG

Grant Thornton takes on media specialist

Grant Thornton UK has boosted its media sector team with the acquisition of specialist firm Aulren, the market leader in the film royalty auditing business

Accounting policies 'like Dr Who', report says

Three quarters of companies reported accounting policy changes in 2009/10, according to a study by Deloitte of half-yearly financial reporting

Mixed figures on corporate insolvencies

The latest figures from the Insolvency Service show that Scottish corporate insolvencies for the last quarter of 2009 were up 20 per cent on the last quarter, in contrast to a slight fall (1.7 per cent) in England and Wales

Sants to step down from FSA

Hector Sants will leave the Financial Services Authority in the summer of 2010, after three years as chief executive officer

French Duncan takes hit for offering free advice

French Duncan has been forced to ditch thousands of hours of chargeable time to clients to nurse them through the economic downturn and inevitably, this has had an impact on profitability, according to Robert Kerr, the Scottish mid-tier firm’s managing partner

FRC issues guidance for auditors on XBRL

The Auditing Practices Board, part of the Financial Reporting Council, has issued guidance for auditors where financial statements have been tagged for XBRL purposes.

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