The man from the Pru rings in the changes

Article Abstract:

Prudential Corporation Group Finance Dir Michael Lawrence has been named chairman of the 100 Group of finance directors. A key figure in the transformation of Prudential into a widely admired leader in the financial services industry, Lawrence is considered to be one of the most innovative finance directors in the UK. He is best known for his role in the development of Prudential's highly sophisticated financial control system and is also acknowledged to be the driving force behind the proposal that accruals-based accounting be adopted in calculating earnings for life insurance and pensions accounts. As chairman of the 100 Group, which is composed of finance directors from the UK's largest companies, Lawrence is expected to continue the high-profile approach adopted by his predecessor in enunciating the 100 Group's position on financial reporting reform in the UK and in Europe.

Holding companies, not elsewhere classified, Laws, regulations and rules, Financial services industry, Financial services, Institute of Chartered Accountants in England and Wales, Financial statements, Prudential Corporation PLC

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Management antics at the zoo

Article Abstract:

The dramatic decrease in the number of visitors has thrown the financially independent London Zoo into a deep financial crisis. The zoo has received substantial monetary assistance from the UK government, which did little to solve its troubles. The self-financing zoo's financial situation has gone so bad that it came under the scrutiny of management consultancy firm KPMG Peat Marwick and the Department of the Environment on separate occasions. With the zoo's financial difficulties, its closure seems imminent.

Botanical and zoological gardens, Finance, Investigations, Cover Story, Financial management, Zoos, United Kingdom. Parliament. House of Commons, KPMG Peat Marwick L.L.P., London Zoo, Great Britain

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Firms on the defensive

Article Abstract:

The acceptance of limited liability partnership (LLP) status by Top 60 league of accountancy firms in the year 2004 is reported. The various factors associated with the LLP status such as its introduction, disclosure and risk-based decision are discussed, suggesting that LLP status is one way of protecting firms against liability issue.

United Kingdom, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Capital funds & cash flow, Evaluation, Limited liability partnerships

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