Audit profession must evolve and change to remain relevant
The audit profession must evolve to remain relevant in today’s rapidly changing global economic environment. Without significant changes, the audit profession will miss a critical opportunity to add value and offer insight to investors and
Video: KPMG's New Audit Report
KPMG have produced a short video animation to support the New Audit Report proposition and KPMG’s ‘first in the market’ lead position
Audit reports that make a difference
The new narrative section of UK audit reports is a big leap forward. It is without doubt the most significant advance in auditor reporting in decades.
IFRS, financial performance and KPIs
Financial statements and the Annual Report should be an important part of how companies communicate with their shareholders about performance and prospects.
Cutting through UK GAAP
Cutting through UK GAAP discusses in detail the requirements of the new UK GAAP regime (FRSs 100, 101 and 102) and summarises the differences between FRS 102, current UK GAAP and EU-IFRS.
KPMG awarded three Audit Commission Contracts
Commenting on the Audit Commission’s announcement in respect of the award of audit contracts for five years from the 2012/13 financial year, Mike McDonagh, Head of Public Sector Audit at KPMG, said
Internal Audit: What’s on the horizon?
Being nimble is a critical attribute for all internal audit teams. There is an ongoing responsibility to survey the landscape to look for new, or heightened, risks and ensuring scarce resources are directed to the areas
that matter most.
Pensions Audit and Assurance Survey - December 2011
Half of pension schemes believe their pension liabilities should form part of their annual accounts and be subject to audit, according to a KPMG survey of 250 major pension schemes with assets ranging from £100m to over £1bn.
How effective is your Internal Audit function?
The structure and remit of Internal Audit functions varies significantly across businesses, with little consensus on what Internal Audit should look like. Within such a varied environment how do....
Financial Reporting Matters 28 June 2011
In this edition we focus on the IASB's changes to employee benefit accounting. We look at the ASB's latest comments on the future of UK GAAP and the IASB's revenue recognition standard.