Abstracts » Business

Are the boom times over?

Article Abstract:

Warnings of an imminent economic downturn in the first decade of the 21st century are becoming so commonplace that the British public appears to have become immune to the consequences it can have on everyday life. However, one indicator that suggests the need for caution is the slow but steady strengthening of corporate restructuring service lines at the nation's major accountancy firms, as clients look for skills that include debt advisory, improving working capital and cost reduction as well as insolvency expertise.

Economic aspects, Economic conditions, Corporate reorganizations

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Why auditors are being reduced to chocolate eclairs

Article Abstract:

Lawyers prefer a rules-based system of business as it guarantees that managements would constantly come to them for a ruling, as compared to a principles-based system, under which decisions can be made without recourse to lawyers. The same 'rules or principles' debate is moving across the Atlantic to the UK, where rules over principles is slowly depriving auditors of the ability to make judgments and putting them in thrall to the lawyers.

Legal issues & crime, Government regulation (cont), Government regulation, Legal services, Legal/Government Regulation, Business, Laws, regulations and rules, Law firms, Business models

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Strength in numbers?

Article Abstract:

Mid-size accounting firms that specialize in niche and non-audit accounting work are being bought by Consolidators such as American Express, Century Business Systems and H and R Block of the U.S. The pioneer in the U.K. is Tenon which operates as Tenon Technology Consulting and Tenon Technology Solutions.

Financial Services, Finance and Insurance, Acquisitions & Mergers Analysis, Financial services industry, Acquisitions and mergers, American Express Co., AXP, Financial analysis, HRB, H&R Block Inc., Tenon, Century Business Systems

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