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Why Economic Volatility Opens Up Opportunity For The Modern Corporate Accountant

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With market volatility and economic pressure higher than it has been in more than a decade, the ways businesses manage and account for their money is inevitably included in that wave of operational change. That means significant implications for the ways accountants and auditors operate both within an enterprise and externally from it.

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Aussie Auditors’ Role In Reverse Factoring Disclosure Questioned

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Several high-profile corporate collapses and initiatives from corporate accounting standard-setters have raised questions about businesses’ use of supply chain finance and whether the trade finance tool prevents investors and auditors from gaining a transparent view into company finances.

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UK Tightens Accounting Standards As Corporate Collapses Continue

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auditors than are currently mandated under international standards. In a statement, the FRC’s Chief Executive Stephen Haddrill said, “High-quality audit protects the public interest, meets the needs of users of financial statements and underpins investor confidence.

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KPMG Fined Again As Financial Watchdog’s Future Remains Unclear

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. “Ethical standards are critical in supporting the confidence that third-party users can reasonably have in financial statements in circumstances where, of necessity, they only have incomplete information to judge whether the auditor is, in fact, objective,” said FRC Interim Executive Council Claudia Mortimore in a statement.

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Accounting Scandals Lead UK To Review Watchdog Powers

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Criticism of the FRC hit a peak following the global financial crisis and taxpayer bailouts of top banks in the U.K., despite accountants green-lighting their financial statements, reports said; adding that since, the FRC has faced additional criticism for its lag time when intervening in matters.

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