Abstracts » Business

Financial assistance for the acquisition of a company's own shares: non-statutory reports to banks by auditors

Article Abstract:

A memorandum issued by the Institute of Chartered Accountants in England and Wales is discussed. The memo concerns the non-statutory reports made to banks when companies seek funding to acquire their own shares. Topics covered include the relevant provisions of the Companies Act of 1985, the considerations of the auditor, and an example of a non-statutory report to a bank.

Interpretation and construction, Banking law, Financial statements, Stock redemption

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Pension schemes in the United Kingdom

Article Abstract:

The Auditing Guideline on pension schemes is discussed giving suggestions on the special elements to be considered in the application of Auditing Standards. Specific topics include: scheme arrangements, trust law, taxation, auditing procedures, and reporting.

Standards, Accounting

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Meaningful self-regulation

Article Abstract:

The use of self-regulation by UK auditors of pension funds is discussed, with reference to the improving effect of the many referrals of audit firms to the Institute of Chartered Accountants in England and Wales.

Safety and security measures

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