http://blog.e-bdo.com/intranet/global/jnblog1.nsf/en-gbMon, 19 Jul 2010 14:36:30 +0100 Mon, 19 Jul 2010 14:36:30 +0100 IJ A bizarre market
How to address this? Despite the most recent financial collapse worldwide there is still little consensus at the G20 on how to change the existing arrangements.

Anyway the aims of the G20 include: a strong regulatory framework; effective supervision; improve systemic institutions; and transparent international assessment and peer review.]]>
How to address this? Despite the most recent financial collapse worldwide there is still little consensus at the G20 on how to change the existing arrangements.

Anyway the aims of the G20 include: a strong regulatory framework; effective supervision; improve systemic institutions; and transparent international assessment and peer review.]]> http://blog.e-bdo.com/intranet/global/jnblog1.nsf/dx/A-bizarre-market?opendocument&comments#19072010143630NTSHYD.htm Mon, 19 Jul 2010 12:11:44 +0100 Jagadish Bhattarai A bizarre market http://blog.e-bdo.com/intranet/global/jnblog1.nsf/dx/A-bizarre-market?opendocument&comments#19072010121144NTSF5V.htm Sun, 18 Jul 2010 20:58:20 +0100 Jeremy Newman Welcome developments http://blog.e-bdo.com/intranet/global/jnblog1.nsf/dx/Welcome-developments?opendocument&comments#18072010205820NTSREZ.htm Thu, 15 Jul 2010 06:59:46 +0100 Jagadish Bhattarai Welcome developments Link }

Expecting your comments!]]> Link }

Expecting your comments!]]> http://blog.e-bdo.com/intranet/global/jnblog1.nsf/dx/Welcome-developments?opendocument&comments#15072010065946NTS92W.htm Mon, 21 Jun 2010 16:53:35 +0100 Jeremy Newman Concentration, Competition, Choice http://blog.e-bdo.com/intranet/global/jnblog1.nsf/dx/Concentration-Competition-Choice?opendocument&comments#21062010165335NTSLN2.htm Thu, 17 Jun 2010 12:15:31 +0200 Jagadish Bhattarai Concentration, Competition, Choice
{ Link }]]>
{ Link }]]> http://blog.e-bdo.com/intranet/global/jnblog1.nsf/dx/Concentration-Competition-Choice?opendocument&comments#17062010111531NTSE2R.htm Wed, 16 Jun 2010 17:12:49 +0100 Jeremy Newman Concentration, Competition, Choice http://blog.e-bdo.com/intranet/global/jnblog1.nsf/dx/Concentration-Competition-Choice?opendocument&comments#16062010171249NTSM23.htm Tue, 15 Jun 2010 14:47:47 +0200 Elizabeth Solaru Concentration, Competition, Choice
{ Link }]]>
{ Link }]]> http://blog.e-bdo.com/intranet/global/jnblog1.nsf/dx/Concentration-Competition-Choice?opendocument&comments#15062010134747NTSGZW.htm Sun, 13 Jun 2010 07:18:55 +0100 Jagadish Bhattarai Concentration, Competition, Choice http://blog.e-bdo.com/intranet/global/jnblog1.nsf/dx/Concentration-Competition-Choice?opendocument&comments#13062010071855NTS9EV.htm Mon, 7 Jun 2010 13:03:52 +0100 IJ The balancing act of convergence
the FT.

Regulators in the UK and Europe are questioning the roles that PwC, Deloitte, Ernst & Young and KPMG may have played in the financial crisis. The European Commission

meanwhile is also considering the issue of auditor choice.

The role of national politics in the audit process will no doubt be an important consideration in the debate.]]>
the FT.

Regulators in the UK and Europe are questioning the roles that PwC, Deloitte, Ernst & Young and KPMG may have played in the financial crisis. The European Commission

meanwhile is also considering the issue of auditor choice.

The role of national politics in the audit process will no doubt be an important consideration in the debate.]]> http://blog.e-bdo.com/intranet/global/jnblog1.nsf/dx/The-balancing-act-of-convergence?opendocument&comments#07062010130352NTSG6G.htm Thu, 3 Jun 2010 10:50:13 +0100 IJ The balancing act of convergence
After the recent financial crisis, the question was widely asked: 'Why didn't the finance professionals warn us?' This is spurring some thinking.

For example an EU commissioner is publishing a Green Paper in the autumn on auditing, hoping to begin a debate on the role and governance of auditors, with a view to recommending new developments to the audit and the auditing profession. Separately, the UK's Financial Reporting Council has promised already to publish its thoughts on audit later this year for comment. And the Taoiseach recently attended the annual conference of an accounting institute in Ireland to say the statutory audit may need to be expanded.

This may all be the necessary 'step-change' towards accounting convergence.]]>
After the recent financial crisis, the question was widely asked: 'Why didn't the finance professionals warn us?' This is spurring some thinking.

For example an EU commissioner is publishing a Green Paper in the autumn on auditing, hoping to begin a debate on the role and governance of auditors, with a view to recommending new developments to the audit and the auditing profession. Separately, the UK's Financial Reporting Council has promised already to publish its thoughts on audit later this year for comment. And the Taoiseach recently attended the annual conference of an accounting institute in Ireland to say the statutory audit may need to be expanded.

This may all be the necessary 'step-change' towards accounting convergence.]]> http://blog.e-bdo.com/intranet/global/jnblog1.nsf/dx/The-balancing-act-of-convergence?opendocument&comments#03062010105013NTSDJX.htm Fri, 14 May 2010 08:44:17 +0100 Jeremy Newman The role of the auditor – or at least of the audit report http://blog.e-bdo.com/intranet/global/jnblog1.nsf/dx/The-role-of-the-auditor-or-at-least-of-the-audit-report?opendocument&comments#14052010084417NTSB48.htm Fri, 14 May 2010 08:40:43 +0100 Jeremy Newman IASB and FASB Commitment to Memorandum of Understanding http://blog.e-bdo.com/intranet/global/jnblog1.nsf/dx/IASB-and-FASB-Commitment-to-Memorandum-of-Understanding?opendocument&comments#14052010084043NTSAZZ.htm Fri, 7 May 2010 10:23:50 +0100 Hiroshi Nagayama The role of the auditor http://blog.e-bdo.com/intranet/global/jnblog1.nsf/dx/The-role-of-the-auditor?opendocument&comments#07052010102350NTSD2F.htm Mon, 3 May 2010 20:50:23 +0100 IJ The role of the auditor
Anyway building consensus on audit initially in Europe, as is proposed, seems indeed a reasonable way to proceed.

And in today's FT, the Head of Assurance at PWC focusses on the detail of this exercise: "What is currently lacking is regular communication and information sharing among national regulatory bodies."

Which takes us into the realm of the Financial Reporting Council: the UK’s independent regulator responsible for promoting confidence in corporate governance and reporting. The FRC also has a duty to oversee the regulatory activities of the professional accountancy bodies.

Perhaps the EU commissioner, Mr Barnier, is suggesting the UK's financial watchdog itself should be audited.]]>
Anyway building consensus on audit initially in Europe, as is proposed, seems indeed a reasonable way to proceed.

And in today's FT, the Head of Assurance at PWC focusses on the detail of this exercise: "What is currently lacking is regular communication and information sharing among national regulatory bodies."

Which takes us into the realm of the Financial Reporting Council: the UK’s independent regulator responsible for promoting confidence in corporate governance and reporting. The FRC also has a duty to oversee the regulatory activities of the professional accountancy bodies.

Perhaps the EU commissioner, Mr Barnier, is suggesting the UK's financial watchdog itself should be audited.]]> http://blog.e-bdo.com/intranet/global/jnblog1.nsf/dx/The-role-of-the-auditor?opendocument&comments#03052010205023NTSRA2.htm Tue, 27 Apr 2010 06:59:35 +0100 Jagadish Bhattarai The role of the auditor – or at least of the audit report http://blog.e-bdo.com/intranet/global/jnblog1.nsf/dx/The-role-of-the-auditor-or-at-least-of-the-audit-report?opendocument&comments#27042010065935NTS92S.htm Sat, 24 Apr 2010 09:19:09 +0100 IJ The role of the auditor – or at least of the audit report
But what chance is there of the G20 promoting such global safeguards on finance? See the political opposition, nationally. Link: { Link }]]>
But what chance is there of the G20 promoting such global safeguards on finance? See the political opposition, nationally. Link: { Link }]]> http://blog.e-bdo.com/intranet/global/jnblog1.nsf/dx/The-role-of-the-auditor-or-at-least-of-the-audit-report?opendocument&comments#24042010091909NTSBS2.htm Fri, 16 Apr 2010 09:53:47 +0100 Jagadish Bhattarai IASB and FASB Commitment to Memorandum of Understanding http://blog.e-bdo.com/intranet/global/jnblog1.nsf/dx/IASB-and-FASB-Commitment-to-Memorandum-of-Understanding?opendocument&comments#16042010095347NTSCFN.htm Mon, 12 Apr 2010 18:04:48 +0100 IJ The role of the auditors
{ Link }]]>
{ Link }]]> http://blog.e-bdo.com/intranet/global/jnblog1.nsf/dx/The-role-of-the-auditors?opendocument&comments#12042010180448NTSN2K.htm Mon, 12 Apr 2010 17:00:50 +0100 IJ The role of the auditors
Regulation is essentially political, so the catastrophe was surely first and foremost a failure of national politics. However the final report a couple of weeks ago was by parliament's Treasury Select Committee - they blamed the bankers.

It's a pity the G20 grouping doesn't have its own auditors.]]>
Regulation is essentially political, so the catastrophe was surely first and foremost a failure of national politics. However the final report a couple of weeks ago was by parliament's Treasury Select Committee - they blamed the bankers.

It's a pity the G20 grouping doesn't have its own auditors.]]> http://blog.e-bdo.com/intranet/global/jnblog1.nsf/dx/The-role-of-the-auditors?opendocument&comments#12042010170050NTSLSK.htm