Behind Closed Doors: What Company Audit is Really About

Author: V. Beattie,R. Brandt,S. Fearnley

Publisher: Springer

ISBN: 0230599419

Category: Business & Economics

Page: 309

View: 6897

This book takes us 'behind closed doors' to uncover the nature of the relationship between the audit engagement partner and the company finance director in major listed companies. Based on matched interviews with finance directors and audited engagement partners of six listed companies, the book uncovers both sides' perceptions of how contentious and non-contentious issues are resolved. New insights are provided about the workings of the audit process itself, how negotiation is conducted and the personal relationships and balance of power between the auditors and the board of directors.


Market Concentration and Their Role, Second Report of Session 2010-11, Vol. 2: Evidence

Author: Great Britain: Parliament: House of Lords: Select Committee on Economic Affairs,Stationery Office (Great Britain)

Publisher: The Stationery Office

ISBN: 9780108473258

Category: Law

Page: 382

View: 5049

Auditors : Market concentration and their role, second report of session 2010-11, Vol. 2: Evidence

The Audit Committee: Performing Corporate Governance

Author: Laura F. Spira

Publisher: Springer Science & Business Media

ISBN: 030647655X

Category: Business & Economics

Page: 192

View: 3120

Why do we need to understand audit committees? The Cadbury Committee recommended that UK companies should adopt them in response to financial scandals that have stemmed from dubious financial reporting practices. In other countries, similar commissions have made similar recommendations and audit committees are now a common institution. However, many practitioners doubt whether an audit committee really does much to ensure the integrity of a firm's financial statements because, as outsiders, members don't know enough to dig deeply beneath the numbers. The Audit Committee: Performing Corporate Governance argues that such criticism overlooks the ceremonial function of these committees. The audit committee is an arena where members can form and strengthen shifting and fragmentary networks with each other and with the external auditors. Within these networks, both consensus and independence are demonstrated, generating comfort, which legitimises the company and maintains its access to external sources of capital. The audit committee is a key part of the corporate governance structure within an organisation. Many in the UK have been patched together to meet regulatory requirements and their operation is poorly understood because few people other than their members have access to their deliberations. In this account of the world of audit committees the practitioner will find the ethnographical perspectives on ceremonial performance, consensus, independence, and comfort both familiar and different. It's like looking at a photograph of something commonplace from an unusual angle or through a strange-shaped lens.

The Audit Process

Principles, Practice and Cases

Author: Iain Gray,Stuart Manson

Publisher: Cengage Learning EMEA

ISBN: 9781844806782

Category: Business & Economics

Page: 809

View: 4261

This is a key textbook for specialist students of accounting and finance, either undergraduate or professional, taking a first course in auditing. In this fourth edition the authors continue to provide a refreshing, imaginative and thorough introduction to the audit process, with a rational and coherent foundation for the appreciation of auditing practice. This Revised ISA edition is entirely up to date with changes post-Enron, with new international auditing standards and IFRS replacing UK accounting standards for the first time.With the aid of numerous examples, case studies and questions, The Audit Process: Principles, Practice and Cases provides a realistic and thought-provoking insight into the individual components of the auditing process in the context of the entire audit. A major strength of the book is its questioning approach, designed to encourage the student to interact with the material.

Reaching Key Financial Reporting Decisions

How Directors and Auditors Interact

Author: Stella Fearnley,Vivien Beattie,Tony Hines

Publisher: John Wiley & Sons

ISBN: 1119973759

Category: Business & Economics

Page: 384

View: 3898

The regulatory framework for financial reporting, auditing and governance has changed radically in recent years, as a result of problems identified from the Enron scandal and more recently from the drive to implement global standards. In a key regulatory change, a company audit committee is now expected to play a significant role in agreeing the contents of the financial statements and overseeing the activities of the auditors. Finance Directors, Audit Committee Chairs and Audit Engagement Partners are required to discuss and negotiate financial reporting and auditing issues, a significant process leading to the agreement of the published numbers and disclosures, and to the issuing of the auditor's report which accompanies them, but which is entirely unobservable by third parties. Reaching Key Financial Reporting Decisions: How Directors and Auditors Interact is a fascinating, behind-the-scenes examination of this closed process. The authors draw on the results of face to face interviews, and an extensive survey of finance directors, audit committee chairs and audit partners, and present nine company case studies highlighting the process of discussion and negotiation and the methods by which the agreed financial reporting outcome was reached. Detailed analysis of the case studies: Allows those involved in the process to benchmark their behaviours against those of others Enables a comparison between the previous and current regulatory environments to see what has changed, and sheds light on the sorts of behaviours the current regulatory framework encourages Evaluates the effectiveness of the changed regulatory regime, providing evidence relevant to current policy debates concerning the value of audit, IFRS and the relative merit of rules-based versus principles-based accounting standards in relation to professional judgement and compliance The unprecedented access and unique insights offered by this book make it invaluable for audit firm staff and partners, audit committee chairs and company directors involved in agreeing the published financial statements, as well as those who have an interest in the financial statements, but do not have access to the negotiation process.

Long Range Planning

Author: Society for Long Range Planning,European Planning Federation

Publisher: N.A


Category: Management Periodicals

Page: N.A

View: 1647


Living in a material world

economic sociology meets science and technology studies

Author: Trevor J. Pinch,Richard Swedberg

Publisher: The MIT Press

ISBN: 9780262662079

Category: Business & Economics

Page: 403

View: 9704

Understanding the intersection of economic sociology and science and technology studies through the idea of materiality.

Department for Work and Pensions

the introduction of the Work programme, eighty-fifth report of session 2010-12, report, together with formal minutes, oral and written evidence

Author: Great Britain: Parliament: House of Commons: Committee of Public Accounts

Publisher: The Stationery Office

ISBN: 9780215045041

Category: Business & Economics

Page: 58

View: 4071

The Work Programme, designed to help long-term unemployed people into sustainable employment, started in June 2011, replacing virtually all welfare to work programmes run by the Department for Work and Pensions. Over the next five years, the Programme is expected to help up to 3.3 million people at a cost of £3-5 billion. 18 prime contractors, each with sub-contractors, are contracted to deliver the Programme across England, Scotland and Wales. The Department has done well to introduce the Work Programme in 12 months. Prime contractors receive the majority of their payments once a participant has stayed in a job for a set period of time, with the length of time varying according to claimant group. Although some financial risks have been transferred to the providers, the test of whether the Programme is achieving value for money will be whether more people are in work as a result of the Programme than would have been if it had not existed and that the wider social benefits which underpin the cost benefit analysis are delivered in practice. The Department should seek assurance on a range of issues: that sub contractors are treated fairly, not misled into accepting inappropriate contracts, and receive the number of cases and funding they were promised; that harder to help claimants are not parked and ignored; and ensuring proper value for money. The Department relies on contractors to set minimum standards of service but has no measurable indicators against which the quality of service can be judged

Business Horizons

The Journal of the Kelley School of Business, Indiana University

Author: Graduate School of Business (Bloomington, IN),Kelley School of Business (Bloomington, IN)

Publisher: N.A



Page: N.A

View: 7985


Das Ziel

Ein Roman über Prozessoptimierung

Author: Eliyahu M. Goldratt,Jeff Cox

Publisher: Campus Verlag

ISBN: 3593423596

Category: Business & Economics

Page: 406

View: 6858

Ein Roman über Prozessoptimierung? Geht das? Das geht nicht nur – das liest sich auch spannend von der ersten bis zur letzten Seite. Eliyahu M. Goldratts "Das Ziel" ist die Geschichte des Managers Alex Rogo, der mit ungewöhnlichen und schlagkräftigen neuen Methoden in seinem Unternehmen für Aufsehen sorgt. Der Klassiker unter den Wirtschaftsbüchern, der das Managementdenken weltweit umkrempelt, wurde jetzt erweitert um den wichtigsten Aufsatz des Autors, "Standing on the Shoulders of Giants": Pflichtlektüre für Manager – und fesselnder Lesestoff.

Perspectives in auditing

Author: Douglas R. Carmichael,John J. Willingham

Publisher: McGraw-Hill Companies


Category: Business & Economics

Page: 483

View: 996


The Executive Way

Conflict Management in Corporations

Author: Calvin Morrill

Publisher: University of Chicago Press

ISBN: 9780226538747

Category: Business & Economics

Page: 350

View: 806

What causes conflict among high-level American corporate executives? How do executives manage their conflicts? Based on remarkably candid interviews with over two hundred executives and their support personnel, Calvin Morrill provides an intimate portrait of these men and women as they cope with problems usually hidden from those outside their exclusive ranks. Personal and corporate scandals, compensation battles, budget worries, interdepartmental rivalries, personal enmities, and general rancor are among everyday challenges faced by executives. Morrill shows that what most influences the way managers handle routine conflicts are the cultures created by their company's organizational structure: whether there is a strong hierarchy, a weak hierarchy, or an absence of any strong central authority. The issues most likely to cause conflict within corporations Morrill identifies as managerial style, competition between departments, and performance evaluations, promotions, and compensation. Unprecedented in its direct access to top managers, this ambitious and sophisticated portrayal of daily life and conflict management among corporate elites will be vital reading for professionals, scholars, and practitioners in organizational culture and behavior, managerial decision making, dispute, social control, law and society, and organizational ethnography.


Das ist Management

Author: Jack Welch,Suzy Welch

Publisher: Campus Verlag

ISBN: 3593423359

Category: Business & Economics

Page: 400

View: 345

Mit diesem Buch erhalten Sie das E-Book inklusive! Jack Welch ist die größte lebende Managementlegende. General Electric wurde unter seiner Führung eines der erfolgreichsten Unternehmen der Welt. In »Winning« gibt er sein fundiertes Wissen weiter – handfeste, erprobte und garantiert wirksame Methoden – die ihn bis heute weltweit einflussreich machen. Welch verrät, was zu tun ist, um als Manager außergewöhnlich erfolgreich zu werden. »Sie werden nie wieder ein anderes Managementbuch benötigen!« Warren Buffett

Behind Closed Doors

How the Rich Won Control of Canada's Tax System-- and Ended Up Richer

Author: Linda McQuaig

Publisher: Markham, Ont. : Viking


Category: Income distribution

Page: 365

View: 8201


Accountancy International

Author: N.A

Publisher: N.A


Category: Accounting

Page: N.A

View: 3816

Contains international features and updates, profiles of international figures, and updates and analyses of international accounting and auditing standards; UK domestic topics are included in the parent title: Accountancy.