KPMG awarded three Audit Commission ContractsCommenting 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 2011Half 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 by Investment ManagersThe third annual report on financial reporting by Investment Managers provides key analysis and comparisons across high profile areas for the industry in the context of the demanding and changing environment we are currently facing. KPMG response to Competition Commission referralResponding to today’s announcement by the Office of Fair Trading that it is referring the market for the supply of statutory audit services to large companies in the UK to the Competition Commission, KPMG said: KPMG's response to OFT consultationKPMG's response to the OFT consultation on its provisional decision to refer the statutory audit market for Competition Commission investigation 100 Days to Durban100 days ahead of the United Nations Conference on Climate Change (COP17) in Durban, Vincent Neate, who leads KPMG’s UK Climate Change & Sustainability practice, looks ahead to what the challenges and achievements might be. Climate Change: 100 days to Durban20th August marks 100 days until the United Nations Conference on Climate Change in Durban, South Africa. Vincent Neate, who leads KPMG’s UK Climate Change & Sustainability practice, looks at what the challenges and achievements might be Financial Reporting Matters 28 June 2011In 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. The Changing Role of the Auditor"Finance Directors shouldn't just wait for an audit process to begin towards the end of the year, but keep a constant dialogue going to ensure the auditor is appraised of issues", says Oliver Tant, KPMG's Head of Audit. | 