Table Of Content

The Accountant 10 December 2005 www.WorldAccountingIntelligence.com EE invex: 2005 This index lists TA story headlines during 2005, showing month of issue followed by page number. Accountancy Investigation and Discipline Board A good education October, 17 Chartered Institute of Management Accountants ICAS forced to fight its corner June, 15 Standing out in a crowd November, 15-18 CIMA: more clarity in UK consolidation proposal January, 16 Accounting Professional and Ethical Standards Audit and Assurance Standards Board IMA sets out aggressive stance on its own long- Board Deloitte Australia recruits regulator’s top term role in the ‘accountancy world’.. March, 3 Australian institute extends its accountant ICAEW and CIPFA push on with merger while presence December, 7 CIMA ponders its ‘distinctiveness’ ....March, 13 Auditor Oversight Board Changes on the horizon in the US....April, 15-16 Accounting Standards Board Appointments mean new German oversight board CIMA considers external collaboration May, 4 OFR leaves directors with some tough decisions is ready for action February, 3 Spreading the word to make April, 14 ICAS forced to fight its corner ASB takes a global look at pensions ... October, 9 Auditor Oversight Commission A ‘straightforward and honest’ Transparency drive will go on despite the demise A new force to reckon with April, 13 approach of OFR in UK December, 1-2 CIMA releases legal advice on OFR Auditing Practices Board disclosures Accounting Standards Board of Japan APB issues interim guidance for UK A ‘classic war for talent’ Japan set to move closer to IFRS auditors More than a name game convergence February, 3 Raising the threshold Standing outi n a crowd November, 15-18 Convergence is still on the table March, 16 Transparency drive will go on despite the demise Auditing Standards Board of OFR in UK December, 1 American Institute of Certified Public US NASBA elects Rubin as chair December, 9 Accountants Chartered Institute of Public Finance and Competition for CPAs heats up in United Australian Accounting Standards Board Accountancy States February, 11 Deloitte Australia recruits regulator’s top Income at UK and Irish institutes on the Private companies set to be accountant March, 13 scrutinised March, 6 UK institutes engage in name-calling... April, 14 Changes on the horizon in the US....April, 15-19 Authority for the Financial Markets Spreading the word US big hitters to reshape standards May, 2 Benefits of oversight still contested in the ICAS forced to fight its corner Market confidence returns for US Netherlands More than a name game profession A war of independence ICAS parts with CIPFA October, 9 AICPA warns Senate against tax shelter An initiative for the public sector October, 9 proposal Autorité des Marchés Financiers So near and yet so far as merger proposal for PCAOB crosses the regulatory line July, 2 French business and firms suffer from growing ICAEW and CIPFA fails November, 1-2 Associations attack AICPA September, 3 pains over internal controls January, 1,6 Standing out in a crowd November, 15-18 The gatekeeper of US auditing September, 6 AICPA to work closely with PCAOB... November, 9 Canadian Accounting Standards Board Chinese Institute of Certified Public Transparency drive will go on despite the demise Canadian standard-setter prepares for Accountants of OFR in UK December, 1 December, 9 Convergence on the agenda April, 11 AICPA signs software agreement .... December, 9 Canadian Institute of Chartered Accountants CMA Canada Association of Chartered Certified Accountants Aspiring to the highest standards .. February, 15 Institutes full of bright ideas February, 16 Four executive appointments for Institutes full of bright ideas February, 16 Canadian institutes hit with ‘merger February, 13 Canadian institutes hit with ‘merger March, 1, 4 Income at UK and Irish institutes on the March, 1, 4 IMA sets out aggressive stance on its own long- March, 13 term rote in the ‘accountancy world’.. March, 3 A new credo for a revitalized financial Canadian Public Accountability Board Oversight fosters ‘positive change’ .....March, 15 powerhouse March, 19 Oversight fosters ‘positive change’ March, 15 ACCA to push boundaries in coming year.. May, 1 Resource problems lead to probe by Committee of the European Securities IASB taking its eye off the ball with convergence August, 13 Regulators project Taking IFRS for a spin December, 10 KPMG selects ACCA to train UK and European CGA Canada graduates Institutes full of bright ideas February, 16 Company Law Review Group Interpreting the ideal CGAs fighting for equal rights in Keeping it simple December, 15 Proportionate liability on agenda July, 16 Québec March, 4 ACCA criticises DTI’s ‘mixed messages’ .. August, 3 Oversight fosters ‘positive change’ March, 15 Consultative Committee of Accountancy Bodies Strength in numbers September, 7 Audit obstacle for CGAs set to fall August, 1 A ‘straightforward and honest’ Dubai auditors under watch October, 3 approach More than a name game October, 5 Strictly no cupying permitted. For information on additional copies or syndicated online access to this newsletter, please contact Client Relations on +44 (0)20 7563 5655 or [email protected] The Accountant 10 December 2005 www.WorldAccountingIntelligence.com EE invex: 2005 This index lists TA story headlines during 2005, showing month of issue followed by page number. Accountancy Investigation and Discipline Board A good education October, 17 Chartered Institute of Management Accountants ICAS forced to fight its corner June, 15 Standing out in a crowd November, 15-18 CIMA: more clarity in UK consolidation proposal January, 16 Accounting Professional and Ethical Standards Audit and Assurance Standards Board IMA sets out aggressive stance on its own long- Board Deloitte Australia recruits regulator’s top term role in the ‘accountancy world’.. March, 3 Australian institute extends its accountant ICAEW and CIPFA push on with merger while presence December, 7 CIMA ponders its ‘distinctiveness’ ....March, 13 Auditor Oversight Board Changes on the horizon in the US....April, 15-16 Accounting Standards Board Appointments mean new German oversight board CIMA considers external collaboration May, 4 OFR leaves directors with some tough decisions is ready for action February, 3 Spreading the word to make April, 14 ICAS forced to fight its corner ASB takes a global look at pensions ... October, 9 Auditor Oversight Commission A ‘straightforward and honest’ Transparency drive will go on despite the demise A new force to reckon with April, 13 approach of OFR in UK December, 1-2 CIMA releases legal advice on OFR Auditing Practices Board disclosures Accounting Standards Board of Japan APB issues interim guidance for UK A ‘classic war for talent’ Japan set to move closer to IFRS auditors More than a name game convergence February, 3 Raising the threshold Standing outi n a crowd November, 15-18 Convergence is still on the table March, 16 Transparency drive will go on despite the demise Auditing Standards Board of OFR in UK December, 1 American Institute of Certified Public US NASBA elects Rubin as chair December, 9 Accountants Chartered Institute of Public Finance and Competition for CPAs heats up in United Australian Accounting Standards Board Accountancy States February, 11 Deloitte Australia recruits regulator’s top Income at UK and Irish institutes on the Private companies set to be accountant March, 13 scrutinised March, 6 UK institutes engage in name-calling... April, 14 Changes on the horizon in the US....April, 15-19 Authority for the Financial Markets Spreading the word US big hitters to reshape standards May, 2 Benefits of oversight still contested in the ICAS forced to fight its corner Market confidence returns for US Netherlands More than a name game profession A war of independence ICAS parts with CIPFA October, 9 AICPA warns Senate against tax shelter An initiative for the public sector October, 9 proposal Autorité des Marchés Financiers So near and yet so far as merger proposal for PCAOB crosses the regulatory line July, 2 French business and firms suffer from growing ICAEW and CIPFA fails November, 1-2 Associations attack AICPA September, 3 pains over internal controls January, 1,6 Standing out in a crowd November, 15-18 The gatekeeper of US auditing September, 6 AICPA to work closely with PCAOB... November, 9 Canadian Accounting Standards Board Chinese Institute of Certified Public Transparency drive will go on despite the demise Canadian standard-setter prepares for Accountants of OFR in UK December, 1 December, 9 Convergence on the agenda April, 11 AICPA signs software agreement .... December, 9 Canadian Institute of Chartered Accountants CMA Canada Association of Chartered Certified Accountants Aspiring to the highest standards .. February, 15 Institutes full of bright ideas February, 16 Four executive appointments for Institutes full of bright ideas February, 16 Canadian institutes hit with ‘merger February, 13 Canadian institutes hit with ‘merger March, 1, 4 Income at UK and Irish institutes on the March, 1, 4 IMA sets out aggressive stance on its own long- March, 13 term rote in the ‘accountancy world’.. March, 3 A new credo for a revitalized financial Canadian Public Accountability Board Oversight fosters ‘positive change’ .....March, 15 powerhouse March, 19 Oversight fosters ‘positive change’ March, 15 ACCA to push boundaries in coming year.. May, 1 Resource problems lead to probe by Committee of the European Securities IASB taking its eye off the ball with convergence August, 13 Regulators project Taking IFRS for a spin December, 10 KPMG selects ACCA to train UK and European CGA Canada graduates Institutes full of bright ideas February, 16 Company Law Review Group Interpreting the ideal CGAs fighting for equal rights in Keeping it simple December, 15 Proportionate liability on agenda July, 16 Québec March, 4 ACCA criticises DTI’s ‘mixed messages’ .. August, 3 Oversight fosters ‘positive change’ March, 15 Consultative Committee of Accountancy Bodies Strength in numbers September, 7 Audit obstacle for CGAs set to fall August, 1 A ‘straightforward and honest’ Dubai auditors under watch October, 3 approach More than a name game October, 5 Strictly no cupying permitted. For information on additional copies or syndicated online access to this newsletter, please contact Client Relations on +44 (0)20 7563 5655 or [email protected] 10 December 2005 The Accountant www.WorldAccountingIntelligence.com INDEX: 2005 Tax concerns expressed UK accounting Financial Executives International Institute of Certified Public Accountants in bodies September, 9 No let-up in accounting changes for Ireland Standing outi n a crowd November, 18-19 January, 2 Keeping it simple December, 14 CPA Australia Financial Reporting Council Institute of Certified Public Accountants of Regulator backs down on independence Hong Kong financial markets prepare for new Singapore issues February, 4 regulatory regime March, 1 Strength in numbers September, 7 CPA Australia makes Hong Kong Auditor liability in the UK - a step ICPAS gets government approval.... December, 3 connection CUBES wa ddarcinadcsindacinuvncautiacsciaasetee March, 3 A sustainable future June, 16-18 Deloitte UK will not be questioned in MG Rover Institute of Certified Public Accountants of CPA Australia secures funding to develop non- April, 14 South Africa financial framework Deloitte Australia recruits regulator’s top A colourful future for the CPA Australia seeks older members August, 9 accountant profession September, 15-18 Strength in numbers September, 7 UK corporate governance trends anticipate Australian accountants valued highly by regulatory requirements Institute of Chartered Accountants in Australia September, 13 UK regulator seeks comment on corporate ICAA criticises lack of parity of privilege between Australian institute extends its governance Rules lawyers and accountants January, 5 presence December, 6-7 Raising the threshold Regulator backs down on independence Former ICAEW president rejoins FRC issues February, 4 Department of Trade and Industry Ex-KPMG partner to join UK audit Australian institute continues its fight against DTI publishes 2004 audit regulation August, 9 unlicensed tax advisers report July, 16 Transparency drive will go on despite the demise A sustainable future Proportionate liability on agenda July, 16 of OFR in UK December, 2 ACCA criticises DTI’s ‘mixed messages’ .. August, 3 Auditor concentration is a global ICAS concerned about potential December, 4 Rising to meet the challenge sentences September, 9 ICAA welcomes memorandum with Keeping a close eye on audit November, 14 Financial Services Authority September, 9 Standing out in a crowd November, 15 Strong support for new ICAEW Australian CAs call for flexitime as long hours Transparency drive will go on despite the demise qualification April, 2 start to take their toll October, 1 of OFRi n UK December, 1-2 FSA appoints former Deloitte UK partner.. May, 9 More than a name game October, 5 Auditor concentration is a global CESR gives green light to Japanese, Canadian Australian institute extends its December, 4 and US GAAP presence December, 7 FSA fines MyTravel over 2002 ICAA seeks help with accountant Federation of European Accountants accounting shortage December, 9 Taking IFRS for a spin December, 10-11 Auditor concentration is a global Institute of Chartered Accountants in Fédération des Experts Comptables Européens Bangladesh Taking risks, within reason October, 4 French National Assembly Accounting for the social good November, 10 French Assembly adopts draft bankruptcy Financial Accounting Standards Board March, 4 Institute of Chartered Accountants in England No let-up in accounting changes for and Wales January, 2 German Chamber of Public Accountants European institutes aim to harmonise Heavy workload cited for stock options Partner at MRI member to lead German qualifications January, 1 institute UK accounting profession to seize initiative to further debate on auditor liability ...January, 9 US big hitters to reshape standards Government Accountability Office Accountants to remain true to their ‘principles- Big Four firm eagerly awaits new business US SEC comes under fire over its financial based’ framework January, 14 combinations proposal statements ICAEW to keep its members in the Rank and file to bear brunt of option February, 4 changes Government Accounting Standards Board UK Audit Quality Forum leaves audit competition The agony and the ecstasy of A profession on the move October, 16 for future discussion February, 13 October, 12-13 Institutes opt for global qualification .. March, 6 A profession on the move October, 16 Higher Education and Training Awards Council Income at UK and Irish institutes on the FASB and IASB to work on Keeping it simple December, 14 March, 13 pensions November, 1 ICAEW and CIPFA push on with merger while Serving a palatable financial Hong Kong Institute of Certified Public CIMA ponders its ‘distinctiveness’ ....March, 13 report November, 4-6 Accountant Strong support for new ICAEW Transparency drive will go on despite the demise Hong Kong financial markets prepare for new qualification of OFR in UK December, 1 regulatory regime March, 1 Convergence on the agenda April, 10-11 Canadian standard-setter prepares for IASB A new credo for a revitalised financial UK institutes engage in name-calling... April, 14 December, 9 powerhouse March, 17-19 Deloitte UK will not be questioned in MG Rover Taking IFRS for a spin CPA Australia makes Hong Kong April, 14 connection Strictly no copying permitted. For information on additional copies or syndicated online access to this newsletter, please contact Client Relations on +44 (0)20 7563 5655 or [email protected] The Accountant 10 December 2005 www.WorldAccountingIntelligence.com INDEX: 2005 OFR leaves directors with some tough decisions So near and yet so far as merger proposal for The agony and the ecstasy of ICAEW and CIPFA fails November, 1 October, 12-13 Spreading the word Standing outi n a crowd November, 15-18 FASB and IASB to work on Former ICAEW president rejoins FRC pensions November, 1 ICAEW clarifies information act Institute of Commercial and Financial E&Y’s Wilson fires broadside at ICAEW lauds changes to UK money laundering Accountants of Southern Africa November, 7 August, 15 A colourful future for the profession September, UK institute attacks business ICAEW worried about UK tax 15-18 combinations November, 9 legislation September, 9 China will benefit from IFRS December, 3 ICAEW and ICAS secure audit agreement with Institute of Internal Audit Australian institute extends its Canadian institutes September, 9 No let-up for US companies in second year of 404 presence December, 6 A ‘classic war for talent’ September, 12 compliance August, 1 Taking IFRS for a spin December, 10-11 More than a name game September, 5 A good education September, 17 ICAEW: limit interpretations September, 9 On the inside November, 12 International Auditing and Assurance Standards So near and yet so far as merger proposal for Board ICAEW and CIPFA fails November, 1-2 Institute of Management Accountants IAASB standard addresses reports UK institute attacks business IMA sets out aggressive stance on its own long- harmonisation combinations November, 9 term role in the ‘accountancy world’.. March, 3 A ‘straightforward and honest’ Standing outi n a crowd November, 15-18 IMA chief calls for end to audit monopoly in approach Transparency drive will go on despite the demise Opening up of OFR in UK December, 2 Changes on the horizon in the US....April, 15-19 Auditors to review new standard Taking IFRS for a spin December, 11 IMA launches Research Centre of guidance Excellence The gatekeeper of US auditing Institute of Chartered Accountants in Ireland CMAs beat CPAs in salary survey European institutes aim to harmonise Smith adopts chair role at IMA International Accounting Standards Committee qualifications January, 1 IMA works with Chinese internal IASB asked to prove its Implementation of standards to dominate auditors independence February, 1 accounting in Ireland during 2005 ..January, 5 IASC Foundation appoints three new Internalising good controls March, 11 Instituto Mexicano de Contadores Publicos trustees March, 16 Income at UK and Irish institutes on the Redefining a vision for CPAs October, 18-19 International Federation of Accountants Red-tape rankles Irish institute Internal Revenue Service TAASB standard addresses reports Raising the threshold KPMG accused of abusing US federal court harmonisation January, 2 DTI publishes 2004 audit regulation system IFAC meeting determines global report Blair blasts “delicious irony” of Sarbanes- priorities February, 13 Keeping it simple IFAC meeting focuses on developing nations March, 10 Institute of Chartered Accountants in New International Accounting Standards Board Oversight board to monitor international body’s Zealand TASB asked to prove its public interest activities March, 12 Building relations is key for ICANZ independence February, 1 IFAC proposal focuses on audit president February, 2 Japan set to move closer to IFRS competence convergence February, 3 IFAC aims to relate to accountants in Institute of Chartered Accountants of India Convergence is still on the table March, 16 business Ready and waiting for a fair fight May, 10-11 A new credo for a revitalized financial A ‘straightforward and honest’ powerhouse March, 18 approach July, 10 Institute of Chartered Accountants of Scotland IFRS gives a boost to earnings April, 4 Links in the chain August, 4 European institutes aim to harmonise Convergence on the agenda April, 10 IFAC pushes on with ethics qualifications January, 1 Big Four firm eagerly awaits new business programme October, 1 Income at UK and Irish institutes on the combinations proposal Global body opens itself up for March, 13 EU includes quest for greater influence over IASB November, 3 UK institutes engage in name-calling... April, 14 in policy paper ICAS forced to fight its corner June, 15 IASB taking its eye off the ball with convergence Institut der Wirtschaftsprifer ICAS favours general anti-tax avoidance European institutes aim to harmonise IASB hits the road in Europe to generate qualifications DTI publishes 2004 audit regulation discussion A new force to reckon with report Interpreting the ideal June, 10-11 ICAS stands by ‘true and fair’ ....... September, 2 Former Brazilian SEC member to chair IASB Japanese Institute of Certified Public ICAS concerned about potential Accountants sentences September, 9 New accounting rules changing face of equity IASC Foundation appoints three new ICAEW and ICAS secure audit agreement with awards August, 3 trustees March, 16 Canadian institutes September, 9 IASB issues changes to financial More than a name game September, 5 instruments August, 9 ICAS parts with CIPFA September, 9 Strictly no copying permitted. or information on additional copies or syndicated online access to this newsletier, please contact Client Relations on +44 (0)20 7563 5655 or [email protected] 10 December 2005 The Accountant www.WorldAccountingIntelligence.com INDEX: 2005 Koninklijk Nederlands Instituut van SEC refuses to back down on Sarbanes- Oversight board to monitor international body’s Registeraccountants public interest activities March, 12 Benefits of oversight still contested in the US tweaks Section 404 requirements.... April, 12 Adecco escapes action in SEC Netherlands Oversight board shows it means business .. May, 2 investigation A war of independence PCAOB urges auditors to use their Heavy workload cited for stock options initiative Korean Institute of Certified Public Accountants MGI member given all-clear in PCAOB Shouldering responsibility September, 10-13 reports June, 13 PCAOB crosses the regulatory line July, 1 SEC claims Coca-Cola misled investors ....April, 6 National Association of State Boards of New research director for PCAOB ... September, 3 KPMG to pay $22.5 million in Xerox Accountancy No easy way out for small settlement US NASBA elects Rubin as chair December, 9 businesses September, 6 Changes on the horizon in the US April, 15 Forum to be held by PCAOB September, 9 US SEC comes under fire over its financial National Institute of Accountants The gatekeeper of US auditing October, 6 statements Australia in need of IFRS advisory AICPA to work closely with PCAOB... November, 9 PCAOB urges auditors to use their January, 2 Transparency drive will go on despite the demise initiative Better disclosure on IFRS for of OFR in UK December, 1 Big Four provide SEC with accounting shareholders January, 16 Risk and responsibility December, 5 fellows Australian IFRS needs commitment September, 3 Public Interest Oversight Board project Oversight board to monitor international body’s Republican congressman to replace SEC Nederlandse Orde van Accountants - public interest activities ................. March, 12 chairman Administratieconsulenten Glassman fills in as SEC chairwoman July, 9 Benefits of oversight still contested in the South African Institute of Chartered Former Brazilian SEC member to chair IASB Netherlands Accountants A profession ripe for development... January, 13 No easy way out for small Netherlands Authority for the Financial Markets South African oversight not up to the businesses Serving a palatable financial February, 3 Top accountant to leave US report November, 4 SAICA president wants cost of oversight board to regulator September, 9 be shared SEC debates stock option valuation New Zealand Institute of Chartered Accountants South African profession continues models September, 14 Rising to meet the challenge August, 17-19 ‘transformation’ September, 1 SEC listens to advice October, 3 More than a name game September, 5 A colourful future for the Serving a palatable financial profession September, 15-19 report November, 4-6 Ordre des Experts-Comptables IFRS requirements baffle SEC European institutes aim to harmonise Securities and Exchange Commission official November, 9 qualifications January, 1 EU commissioner calls for mutual Transparency drive will go on despite the demise recognition January, 3 of OFR in UK December, 1 Professional Oversight Board for Accountancy Last chance for Andersen as US Supreme Court Foreign issuers like US market December, 3 Income at UK and Irish institutes on the listens to final appeal January, 4 Auditor concentration is a global issueDecember, March, 13 Mexican TV company bites back at SEC 4 Oversight body calls for better training and charges January, 7 Risk and responsibility December, 5 education of UK accountants April, 3 SEC opens formal investigation into SunTrust Taking IFRS for a spin December, 10 Raising the threshold providing auditor with falsified Keeping a close eye on audit information January, 9 Securities & Investment Institute UK companies work against the clock in effort to Institutes opt for global qualification .. March, 6 Public Company Accounting Oversight Board keep control January, 10 Strong support for new ICAEW Staff shortage forces PCAOB budget, Authority of PCAOB must be reined qualification reductions January, 3 i February, 1 UK companies work against the clock in effort to SEC plans hearing on Section 404 UK Audit Quality Forum keep control January, 11 concerns February, 2 UK Audit Quality Forum leaves audit competition Authority of PCAOB must be reined New governance rules for oil and gas for future discussion February, 13 i February, 1, 10 reporting February, 4 SEC plans hearing on Section 404 Donaldson gives hope to non-US Wirtschaftspriiferkammer concerns February, 2 companies February, 12 European institutes aim to harmonise US government estimates tax shelter losses to Companies advised to take 404 seriously despite qualifications treasury runs into billions March, 5 the delay granted by US regulator March, 5 A new force to reckon with N Merry Christmas and a Prosperous New Year to all our readers from the editorial and production staff of The Accountant Strictly no copying permitted. 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