Articles Written by:    GAVIN HINKS     

Madoff lawsuit attacks KPMG UK

An investors in Bernard Madoff’s mega Ponzi scheme have now named KPMG UK in a lawsuit in which they claim the firm failed to spot the fraud while auditing Madoff’s London operations. The action is being brought on behalf of investor Jay Wexler, an ...

From GAVIN HINKS, Accountancy Age,  21 Oct 2009
Related Topics: Bernard Madoff

Worst 'yet to come' for insolvencies

Insolvency specialists Begbies Traynor have predicted that the economy has mid point in a W=shaped recession and that unemployment and insolvency statistics have yet to peak. The remarks come as the firm releases its third quarter "Red Flag" statistics ...

From GAVIN HINKS, Accountancy Age,  20 Oct 2009

ICAEW sees businesses planning for growth

More than half of companies believe the regulatory and taxation landscapes in the UK remain unfriendly to business, according to the ICAEW. The insitute's Enterprise Survey also revealed that many businesses are set on on growth despite believing that ...

From GAVIN HINKS, Accountancy Age,  20 Oct 2009

Freedom pension battle wards off tax charge

Lawyers have headed off a 40% tax charge against investors in a pension scheme under threat of being wound up by HM Revenue & Customs. Investors in the Freedom SIPP were in court on Thursday to challenge a winding up order brought by the taxman. The 350 ...

From GAVIN HINKS, Accountancy Age,  16 Oct 2009

Overview: Christine Lagarde, French finance minister

She was a national synchronised swimming champion. But after cryptic comments on accounting in an article last week, debate centres on whether the French finance minister’s thoughts on international accounting standards are quite so well ...

From GAVIN HINKS, VNUNet.com,  15 Oct 2009
Related Topics: Christine Lagarde,  Peter Mandelson

Anti-merger leader stripped of ICAEW membership

Jeff Wooller, the dissident member of the ICAEW who campaigned against its merger with other institutes, has been stripped of his membership after acting as the vice chancellor of three organisations falsely claiming to provide university level ...

From GAVIN HINKS, Accountancy Age,  14 Oct 2009

Enron CEO to appeal in Supreme Court

The chief executive convicted of being behind the complex accounting fraud that lay behind the collapse of Enron has won the right to have his appeal heard by the US Supreme Court. Jeffrey Skilling. Who was sentenced to 24 years in prison in 2006 for a ...

From GAVIN HINKS, Accountancy Age,  14 Oct 2009
Related Topics: Enron Corporation,  Supreme Court of the United States,  Jeffrey Skilling,  Andrew Fastow

Peter Mandelson - return from the dark side

So the party faithful are in love with Peter Mandelson. If only for the first time. But auditors? At the moment they’re going to be a little less easy to woo. And that’s because the business secretary, it emerged last week, has proven impervious when ...

From GAVIN HINKS, VNUNet.com,  8 Oct 2009
Related Topics: Peter Mandelson,  Enron Corporation,  UK Conservative Party

Tories say business can repel regulators with an audit

The Tories appear to be proposing a whole new line of work for auditors and advisers in a policy among a raft of proposals for cutting red tape. Ken Clarke, the shadow business secretary and former chancellor of the exchequer, announced that the Tories, ...

From GAVIN HINKS, Accountancy Age,  7 Oct 2009
Related Topics: UK Conservative Party

PwC global books $26.2bn revenues

PwC global has posted revenues of $26.2bn (£16.3bn) for the year ending 2009. New global chairman Dennis Nally said the results were not what the firm wanted but had “held up well in the circumstances.” The revenues marginally up on last, if calculated ...

From GAVIN HINKS, Accountancy Age,  6 Oct 2009

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