Audit News Briefing: 10 September 2015

Audit-is-cool is pleased to accumulate and provide its readers with the news on audit and related topics:

September 8, 2015

Accounting Web

U.S.: Accounting Salaries Estimated to Rise 4.7% in 2016

The 2016 Salary Guide: Accounting & Finance by Robert Half Management Resources, issued last September 2, revealed that –

In corporate accounting, salary predictions for senior internal audit and internal audit manager, IT audit manager, and general accountant manager positions are expected to exceed the 4.7 percent increase. Increases in starting salaries for corporate accountants are projected to range from 4 percent to 5.2 percent. Please follow link for details: http://www.accountingweb.com/practice/team/accounting-salaries-estimated-to-rise-47-in-2016

September 7, 2015

Accountancy Live

Woolf: paying the price for delusional regulation

Well-acclaimed professional textbook author and Hyperion Insurance Group Board Director, Emile Woolf FCA, shared his expert view on Audit, he said: “The unbridled lack of measured regulation at every level is highlighted by the recent Quindell accounting fiasco which is now under investigation by the Serious Fraud Office which is now taking the lead in the probe into accounting irregularities.” Please follow link for details: https://www.accountancylive.com/woolf-paying-price-delusional-regulation

September 4, 2015

Journal of Accountancy

Rise in US accounting salaries accelerates

Starting salaries for accounting and finance positions in the United States are expected to rise in 2016 between 4.0% and 5.3% over the previous year. This is according to 2016 Salary Guide: Accounting & Finance by the world's premier provider of senior-level financial and business systems professionals, Robert Half Management Resources. According to their Vice President, Dan DeNisco, high-demand skill areas for accountants include:

·         A combination of audit/compliance and IT skills.

·         Senior accountant skills, such as the ability to do reconciliations and monthly closes.

·         Financial analysis skills, such as budgeting and variance analysis.

Please follow link for details: http://www.journalofaccountancy.com/news/2015/sep/accounting-salaries-rise-201512959.html

September 4, 2015

Accountancy Age

KPMG ends PwC's 11-year audit reign at Premier Foods

One of Britain's largest food producers, Premier Foods, has appointed KPMG as auditor for the 2015/16 financial year. Audit committee chairman Ian Krieger said, "We would like to thank PwC for their significant contribution as the company's auditor since the company's stock market listing in 2004 and look forward to working with KPMG going forward." Please follow link for details: http://www.accountancyage.com/aa/news/2424649/kpmg-ends-pwcs-11-year-auditor-reign-at-premier-foods