Abstracts - faqs.org

Abstracts

Business

Search abstracts:
Abstracts » Business

Knowingly or recklessly

Article Abstract:

The UK government, with a view to reform corporate law, has proposed a new criminal offence of 'knowingly or recklessly' giving an incorrect audit opinion. 'Knowingly' giving an incorrect audit opinion would cover a situation in which an auditor provides an incorrect audit opinion knowing that his opinion is incorrect. 'Recklessly' giving an opinion would cover circumstances in which an auditor knows that there is an obvious and serious risk of his opinion being incorrect, but he or shegoes on to take the risk of providing the opinion.

Author: Gordon, Ian
Publisher: Institute of Chartered Accountants in England & Wales
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2005
Auditors

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA

Nightmare on Aldwych

Article Abstract:

The Accounting Standard Board's urgent issues Task Force's pronouncement on revenue recognition, published from its Aldwych headquarters in March 2005 was a nightmare, especially for the smaller firms. A research by the UK professional bodies points to substantially increased tax liabilities for partners and even the prospect of insolvencies among smaller professional firms.

Author: Reynolds, Bob
Publisher: Institute of Chartered Accountants in England & Wales
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2005
Tax Law, Public Finance Activities, Management dynamics, Small Business, Analysis, Management, Taxation, Accounting Standards Board, Powers and duties, Company business management, SOHO

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA

Stay out of jail

Article Abstract:

The British Proceeds of Crime Act will force auditors and accountants to know much more about the companies they do work for.

Author: Annible, Liesel
Publisher: Institute of Chartered Accountants in England & Wales
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2003

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Subjects list: United Kingdom, Laws, regulations and rules, Government regulation, Accounting firms, Accounting services, Tax policy
Similar abstracts:
  • Abstracts: Rats in the ranks. Game of chance. Making plans
  • Abstracts: Global depositary receipts. Corporate bonds. Companies refinancing bonds at record pace
  • Abstracts: McCain mulls regulation of costs, more competition in DOD buys
  • Abstracts: Report is critical of V-22 Osprey. New-tech plane muffles sonic boom in test
  • Abstracts: Playing the fool. More of the same. A case of moving the furniture: Contemporary management methods have almost nothing to do with running a business
This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.
Some parts © 2025 Advameg, Inc.