Every Little Helps… October 5, 2014Posted by Audit Monkey in World of Internal Auditing.
Tags: Allister Heath, Deliotte, PWC, Tesco, Tesco accounting, Tesco irregularities, Tesco overstated sales
1 comment so far
Well, it’s been an eventful few weeks and some interesting ‘accounting’ headlines, (if there could ever be such a thing!) The big news was the overstatement of profits at Tesco’s by some £250m. This has precipitated a frenzy of comment and analysis in the financial and popular press and I thought I might as well join in.
Welcome To London September 17, 2014Posted by Audit Monkey in British Society and Politics.
Tags: fireworks, London New Years Eve, Mayor of London
As some of my avid readers know, I will sometimes deviate off-topic and comment on other matters such as the state of British industry, British politics and the British way of life. (more…)
Bonus Anyone? August 10, 2014Posted by Audit Monkey in UK Commerce & Business, World of Internal Auditing.
Tags: banking bonuses, FCA, Martin Wheatley
As my active readers will be aware, in some parts of the financial services industry, your employer will pay a bonus based on the firm’s profit and your own personal contribution to the firm’s success. (more…)
No Prior Experience Required July 10, 2014Posted by Audit Monkey in British Society and Politics, World of Internal Auditing.
Tags: Civil Servants, Department of Education, Dominic Cummings, FTSE 100
1 comment so far
Another post from me. It is a bit like buses; none for ages, then three at once. An article in the ‘Times’ published on 16 June 2014 gave me a rare smile on a Monday morning. The article in question concerned Dominic Cummings and his experiences at the Department of Education. Dominic Cummings was a special adviser to the current Education Secretary, Michael Gove. In short, he was assisting Mr.Gove implement education reform. (I will admit ‘education reform’ is a board church but let’s not get into the policy detail.)
Regulator Ultra Vires? July 9, 2014Posted by Audit Monkey in UK Commerce & Business.
Tags: FCA, Mick McAteer, Regulator, savings rates
add a comment
An article in today’s ‘Times’ caught my attention on the journey to work this morning. Basically the Financial Conduct Authority (FCA) has issued an interim report into failings in the savings market. The FCA is considering intervening to improve interest rates paid to consumers with older accounts.