Audit News

Zambia Snaps Up International Transparency Milestone in Mining

Zambia Snaps Up International Transparency Milestone in Mining

The International Board of the Extractive Industries Transparency Initiative (EITI) in Norway today formally designated Zambia as an EITI-compliant country. This means that Zambia’s EITI process which was launched in 2008 by the government, mining companies and civil society has been successfully validated as having met the EITI criteria and requirements. The EITI process commits [...]

Hermes Acquires Log Book Loan Business

Hermes Acquires Log Book Loan Business

The Office of Fair Trading has granted Hermes Property Services Limited the right to use the trading name Log Book Loans. In an investigation conducted by the OFT, Hermes appeared to have no ongoing relationship with the owners of Nine Regions Limited – a business that previously used the Log Book Loans trading name. Log [...]

For Mothers, Some Best Firms to Work In

For Mothers, Some Best Firms to Work In

Audit and consulting firms Deloitte and Grant Thornton LLP are among the top on Working Mother magazine’s “100 Best Companies for Working Mothers” list. The ranking celebrates organizations that set the standard for programs and initiatives responding to the challenges working mothers face, thereby cultivating an engaged, productive workplace. The companies are recognized in the [...]

Pritchard Stockbrokers Clients to Receive Application Forms

Pritchard Stockbrokers Clients to Receive Application Forms

The Financial Services Compensation Scheme (FSCS) has assured customers of Pritchard Stockbrokers Limited that they would receive application forms to make a claim for compensation in the coming weeks. “When customers receive an application form they should complete it as fully as possible, and return it using the envelope provided, along with copies of any [...]

Hackers Attacking PC’s While Still in Factory

Hackers Attacking PC’s While Still in Factory

Attacking PCs before they leave the factory has become the first step in new generation of hacktivism, according to consulting firm KPMG. KPMG raises red flag at recent news stories of PCs being infected with viruses by cyber criminals even before they leave the factory. More alarmingly, hackers step up targeting of Tablets and Smart-phones, [...]

iPhone 5′s Biggest Frustration: ‘Lack of NFC Chip for Mobile Payments’

iPhone 5′s Biggest Frustration: ‘Lack of NFC Chip for Mobile Payments’

Much to the disappointment of mobile payment proponents, Apple’s iPhone 5 has completely trashed the inclusion of near field communications (NFC) chip that would have turned the device into a digital wallet. Tudor Aw, KPMG’s European Head of Technology, described the latest generation of the device as rather “iterative development” than a “revolutionary” one. “Most [...]

OFT Issues New Guidance on Property Sales

OFT Issues New Guidance on Property Sales

The OFT has published guidance to help estate agents and others involved in property sales understand their responsibilities under consumer and business protection regulations. Cavendish Elithorn, Senior Director of the OFT’s Goods and Consumer Group, said: “Buying and selling a property is usually one of the biggest purchases we make and can also be one [...]

End Tax Uncertainty, AICPA Tells US Congress

End Tax Uncertainty, AICPA Tells US Congress

The US Congress must reach agreement as soon as possible about expiring tax provisions because the current tax uncertainty is hindering business planning by small business owners and threatening smooth administration of tax laws. This was how Jeffrey A. Porter, vice chair of the American Institute of CPAs’ Tax Executive Committee, addressed a House Congressional [...]

Two-thirds of Companies Inadequately Testing Mobile Applications – Report

Two-thirds of Companies Inadequately Testing Mobile Applications – Report

Organizations are struggling to manage the challenges of the mobile era, with only a few currently testing their mobile applications, according to Capgemini. Where organizations are conducting mobile Quality Assurance (QA), they are primarily focused on performance (64 percent) and functionality (48 percent), with a mere 18 percent of organizations focusing on security. Even more [...]

Audits Highly Valued, but Is That Enough?

Audits Highly Valued, but Is That Enough?

Audits and audit opinions are highly valued and have a major impact in influencing investment decisions, according to a new PwC global survey of investment professionals. But there is a strong appetite for the audit to evolve, so that the audit remains reliable, relevant and valued in the future. The findings arise from an in-depth [...]

UBS Closes All Except One ETRACS Volatility ETN

UBS Closes All Except One ETRACS Volatility ETN

The path to exchange traded fund purgatory got even more crowded Wednesday as Swiss bank UBS liquidated all but one of its ETRACS volatility-tracking exchange traded notes. The 12 ETNs offered long and short exposure to volatility or VIX futures contracts dated one to six months out. After a year on the market, these gathered [...]

RealPage: A Software Firm Riding the Rental Market

RealPage: A Software Firm Riding the Rental Market

Steve Winn pays close attention to trends in the rental market for a good reason: His firm, RealPage, makes a living helping manage it. RealPage ( RP ) is considered a top provider of cloud-based software products for multifamily rental housing. Its products and services are used by more than 8,200 property owners and managers for helping [...]

IMF Lowers Near-term Global Growth Forecasts; Further Policy Risks Remain

IMF Lowers Near-term Global Growth Forecasts; Further Policy Risks Remain

The latest projections in the IMF’s July 2012 World Economic Outlook (WEO) forecast slower global growth in 2012 and 2013 compared to the April 2012 outlook, with forecasts lowered for both developed and emerging countries. According to the IMF, the key risks reflect the ability of leaders to implement the appropriate policy actions. Many of [...]

Dow 30 Companies See Slowdown in Revenue Growth from Europe in Q2’12

Dow 30 Companies See Slowdown in Revenue Growth from Europe in Q2’12

Europe was a focus of the market during the past few days, as the ECB announced its most recent plan to resolve the financial crisis that has engulfed the continent in recent years. As a result, the DJIA recorded a large increase (to 13292.00 from 13090.84) over the past week. While the markets expressed optimism [...]

Newly-Formed Group Aims to Increase Diversity in Accounting Profession

Newly-Formed Group Aims to Increase Diversity in Accounting Profession

The AICPA has announced the creation of the National Commission on Diversity to serve as champions of diversity within the accounting profession. The formation of the Commission reflects a renewed focus on diversity within the profession and the need to increase the retention and advancement of underrepresented minorities to better reflect the clients and communities [...]

In London, Permanent Appointments Fall at Slower Rate

In London, Permanent Appointments Fall at Slower Rate

The number of staff placed in permanent positions across the capital fell for the seventh month running in August. The rate of decline was solid, albeit the slowest since May. Permanent placements also fell at the UK level, but at slower pace compared to London. August saw a fractional increase in billings from temporary staff [...]

Temporary Billings in UK Midlands Increase at Fastest Pace Since March 2011

Temporary Billings in UK Midlands Increase at Fastest Pace Since March 2011

Permanent placements in the Midlands rose in August, the first expansion in three months. This was according to the data from a survey of recruitment and employment consultants in the Midlands. The report is designed to provide a comprehensive and up-todate guide to labour market trends and the data are directly comparable with the UK [...]

Permanent Placements Fall at Slower Rate, While Temp Billings Rise Slightly in August

Permanent Placements Fall at Slower Rate, While Temp Billings Rise Slightly  in August

Although permanent staff placements continued to fall in August, the latest drop was only modest and the weakest in the current three-month period of decline. Recruitment agencies reported a rise in billings received from the employment of temporary/contract staff for the first time in nine months during August, albeit only slight. Bernard Brown, partner and [...]

Netscout Scouts Out Mobile Network Connections

Netscout Scouts Out Mobile Network Connections

The battle for eyeballs, once played out on TV screens by the Big 3 networks, has shifted to smaller, more mobile devices. Among others, the players are AT&T ( T ),Verizon ( VZ ) andSprint Nextel ( S ), committing millions to infrastructure improvements and huge sums for TV ads to talk up their reliability and the other guy’s spotty reception. [...]

ECB Plan, Economic Data Shoot ETFs to New Highs

ECB Plan, Economic Data Shoot ETFs to New Highs

The European Central Bank bond-buying plan, an upbeat U.S. employment report and a positive surprise in the services sector sent exchange traded funds sharply higher around the world Thursday. SPDR S&P 500 ( SPY ) rallied 2.02% to 143.75 — its highest level since May 2008.PowerShares QQQ ( QQQ ), tracking the 100 largest nonfinancial [...]