Financial watchdog to help SMEs in quality auditing

first_imgThe complex relationships between retailers and their suppliers is to be investigated by the Financial Reporting Council (FRC) as it pledges to help smaller businesses. The FRC announced the move in its 11th annual Audit Quality Inspections report, published today (29 May). It covered its inspections of audit quality in the UK as well as individual reports on five of the largest firms and decreed that more work was required to address recurring issues.The FRC said smaller companies have less resource to put into the preparation of their financial statements and this can make the audit more difficult but it is more important given the absence of other analysis. It wants to help smaller companies achieve better audits.It announced that over the next year it would look at the audits of businesses where complex supplier arrangements were prevalent, with a focus on food and drink manufacturers and suppliers. It will pay particular attention to supplier arrangements in how they are accounted for and also plans to inspect a number of first-year audits to assess the affect changes in auditors bring.Paul George, executive director, conduct, said: “Audit is an integral part of the reporting process that ensures investors have confidence in the information they receive on the performance of the companies they invest in.“We were pleased that firms responded positively to the new extended auditor reporting requirements. We hope to see further improvements in the clarity of reporting by auditors of how they have addressed the assessed risks. We also expect auditors to discuss findings from our inspections to Audit Committees and will monitor closely how companies report our findings to their shareholders.”last_img read more

Departing as leaders

first_imgStanding on the steps of Memorial Church, near walls inscribed with the names of Harvard’s war dead, six graduating seniors swore allegiance to the Constitution on Wednesday and received their first salutes as officers in the armed forces.The tradition-filled Reserve Officers’ Training Corps commissioning ceremony, held before a small group of families and friends at Tercentenary Theatre, honored the new second lieutenants and ensigns at a time when leadership is badly needed, Harvard President Drew Faust said.Polls have shown that confidence in institutions is low, Faust noted, with public trust in government leaders below 30 percent and business leaders below 40 percent. Faith in the military, however, remains high, at more than 75 percent, likely because the military’s mission is a selfless one — to protect and defend others, no matter the personal cost — at a time when many seem to be out for themselves, Faust said.Those gaining their commissions were Kira Headrick (from left), Lauren Mandaville, John Holland, Michael Murray, Luke Pumiglia, and Rachel Milam. Stephanie Mitchell/Harvard Staff Photographer“You are receiving your commissions at a moment of extraordinary challenge for our society and the wider world,” Faust said. “You are committing yourselves to be leaders at a moment when we never needed leaders more. And you have chosen to lead in an institution — the American military — that gives you very special opportunities and responsibilities in face of the troubling issues we confront.”As part of the ceremony, the new leaders took the oath of office, had their insignia of rank pinned to their uniforms by family members or friends, and received their first salute. Gaining their commissions were Army 2nd Lts. Rachel Milam and Luke Pumiglia, Marine Corps 2nd Lt. Michael Murray, Navy Ensigns John Holland and Lauren Mandaville, and Air Force 2nd Lt. Kira Headrick.“It’s very humbling … to join something bigger than yourself,” said Pumiglia, who is heading to medical school at the University of Michigan in July, with plans to be an Army physician. Pumiglia said he joined Army ROTC largely because of the values and the dedication to service that his parents instilled in him as he grew up.“My parents raised me to have the same values that the Army shares, a [sense] of service, personal courage, respect, things like that,” Pumiglia said. “I kind of fell in love with a lot of the people and the ideals when I was in ROTC, and I signed on the dotted line in my sophomore year.”While at college, Gen. John Hyten ’81 was in the Air Force ROTC. He has served in the military for three decades and counting. Stephanie Mitchell/Harvard Staff PhotographerHarvard’s relationship with the military is older than the country, dating to the Pequot War. Since that 1636 conflict, more than 1,200 from Harvard have lost their lives in military service, and 18 — more than from any other U.S. institution of higher education — have been recognized with the Medal of Honor, the nation’s highest military award. Memorial Church, which honors those who have died in conflicts since World War I, is among several memorials to Harvard service members.Also speaking Wednesday was Gen. John Hyten ’81, who participated in Air Force ROTC before graduating. Hyten recalled his own commissioning, which took place at MIT because Harvard had ended ROTC’s formal University presence during the Vietnam War, and praised Faust for her efforts to return ROTC to campus, starting in 2011.Enoch Woodhouse (left), who served in World War II, is recognized by Gen. John Hyten during the ceremony. Stephanie Mitchell/Harvard Staff PhotographerAt the time of his commissioning, Hyten planned to serve his four-year obligation and then leave the Air Force. His plans changed. Now, three decades later, he is commander of U.S. Strategic Command, encompassing nuclear, cyber space, electronic warfare, missile defense, and other forces.Hyten told the newly commissioned officers that that their Harvard degrees, while something to be proud of, will matter little once they arrive at a base or on a ship. All that will matter then is their rank and the expectation that they will show leadership, even in difficult situations when people are in harm’s way.“Leadership is a gift, freely given by those who follow,” he said. “You have to be worthy.”last_img read more

Stratton Mountain Earns Environmental Award

first_imgStratton Mountain’s environmental initiativeswere recognized again this year with the prestigious Silver Eagle Awardpresented by Mountain Sports Media, publishers of SKI and SKIINGmagazines.The Awards were established in 1993 to recognize and encourageenvironmental achievements. A record of 32 resorts participated in the2004 Golden Eagle Awards. The entries were judged by a panel ofenvironmental and industry experts.Stratton earned the 2004 Silver Eagle Award, its fourth since 1996, forExcellence in Fish and Wildlife Protection.Stratton was recognized for sponsorship of wildlife studies andeducational programs as well as for Conservation Easements presented tothe State of Vermont. These seven distinct areas, on 1,200 acres, wereidentified in the exhaustive planning process that resulted in Vermont’sfirst fully approved mountain resort Master Plan (1999). Theseconservation areas include whitetail deer wintering grounds and feedingareas, bear travel corridors and feeding areas and Bicknell’s thrushhabitat.While the state typically requires two acres of land be offered asmitigation for each acre affected by development, Stratton’s ConservationEasements “up the ante for future development by moving the ratio closerto 18-to-1,” according to state officials. “The Stratton Master Plan,based on cluster rather than sprawl development, supports the resort’seconomic viability while permanently protecting nearly a third of theresort property for use by important wildlife species.”last_img read more

VPR to begin Champlain 400 series on how the lake helped shape the region

first_imgBeginning June 1, VPR presents a special series exploring the history, culture, and natural resources of Lake Champlain. Champlain 400 marks the 400th anniversary of Samuel de Champlain s exploration of the region. Each Monday in June, VPR News will air Stories from the Lake. In the morning, Morning Edition host Mitch Wertlieb focuses on the lake s history, from the days when whales frolicked where ferry boats now sail to the stories of how battles and trade helped to form a nation.In the afternoon, All Things Considered host Neal Charnoff looks at culture and life in the Champlain basin, from what the region looked like when Champlain arrived in 1609, through the warriors, farmers, and sailors who followed.Champlain 400 continues throughout the summer with a broad range of special programming, including:Stories about Lake Champlain shipwrecksMusical showcase recorded in VPR studios by Vermont artists including Alan Greenleaf, Lisa Ornstein & Andre Marchand, Robert Resnik and Marty MorrisseySeries tracing the region’s musical traditions from Native American songs to Vermont’s own punk rock. Through the Eyes of Champlain, a series of commentaries by Mike MartinAn investigation into reported sightings of the elusive Lake Champlain monster, Champ.VPR has launched a special Champlain 400 website, with comprehensive program archives, photos, and resources about the lake. The site, which will develop and unfold as quadricentennial celebrations continue, is available by visiting and clicking on Champlain 400.Source: VPR. Colchester, Vt., May 29, 2009 – –last_img read more

Sticking to your money resolutions

first_img 4SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Mary JohnsonAs the first month of the new year has drawn to a close, some of the best-intended money resolutions may have already gone by the wayside. But it’s not too late to get back on track. One of the best ways for college students to sustain financial resolutions is to avoid broad, generic goals such as “I will spend less money.” Instead, think small and be more specific in what you plan to do, state your goals in actionable terms and be sure to set a date to reach each goal.To reduce the amount of student loans you will owe when you graduate, for example, setting a goal to visit your college’s financial aid office for assistance in checking your current outstanding balances before March 1 would be a great place to start. While there, you could take the opportunity to speak with a counselor about money saving options such as not accepting all the student loan money you may be offered next year if you can get by with less. Also, remember to submit your application for financial aid for next year as soon as possible. By hitting the deadline, you’ll ensure you get the maximum amount of aid you’re eligible for.If you have previously incurred late payment fees on credit cards or other recurring expenses, you could set a goal to pay all bills on time — late fees not only can add up very quickly, but they will also negatively affect your credit score. Create calendar alerts on your phone or computer to remind yourself when bills are due.When trying to reduce unnecessary spending, focus on things that are tangible and visible in your everyday life. Setting a weekly budget of less than $30 for eating out or making a pledge to carpool at least once a week might be less daunting than trying to cut costs across the board. For students receiving financial aid refunds for things such as educational supplies, books and other living expenses, it is especially challenging to make sure that the lump sum of money lasts for the whole semester. It can be helpful to break down your refund by setting up a weekly spending limit or setting aside at least $100 for an emergency. continue reading »last_img read more

Let poor do business on sidewalks – vendors

first_img “We are occupying a portion of public plaza along Gonzaga Street to sell fruits so that we may be part of the holiday season by way of selling a such,” she said. They have been barred to trade onsidewalks after President Rodrigo Duterte ordered to reclaim allpublic roads that are being used for private ends. Victoria Amolato, president of Bacodva, said they are asking Mayor Evelio Leonardia to allow them to sell in the areas of Gonzaga, Gatuslao, Luzuriaga, Araneta and Bonifacio Streets from 7 a.m. to 9 p.m. from Dec. 1 to 31. If the city will approve their request, she said that they will follow regulations including the cleanliness and peace and order in said areas. Executive Assistant Ernie Pineda, head of market coordinating and monitoring task force, said they will wait for the decision of the city mayor and the members of the City Council if they will be allowed to sell again in said areas./PN “In the spirit of Christmas, we are hopeful that the city officials will allow us so we can support our families,” she said. BACOLOD City – As holidays draw near,vendors here still hope the city streets will have space for them. center_img “The officers of the association will impose a strict regulation and responsible for the members to follow the guidelines,” said Tabaquerrao. Three months after the massive roadclearing operations, vendors’ associations here have appealed to the citygovernment to allow them trade at the downtown area and the Bacolod publicplaza. Last week, heads of Bacolod Downtown Vendors Association (Bacodva), Luggar Brotherhood Vendors Association Inc. and Plaza Fruit Vendors sent their letters to the City Mayor’s Office and the City Council. Cora Tabaquerrao, president of Luggar Vendors, said they are asking the city to allow them to occupy one-meter by one-meter at the downtown area and they promised that there will be no hanging of products and exist wares. Meanwhile, Plaza Fruit Vendor president Norayda Senoro said that in the month of December, they are occupying a portion of public plaza so they are hopeful that the city will allow them to sell their fruits in the area.last_img read more

EPL: Wolves stun 10-man Man City

first_imgRelatedPosts Aguero could be out of action until November, Guardiola says David Silva recovers from COVID-19 Man City top players test positive for coronavirus Wolverhampton Wanderers blew a two-goal lead as Wolves produced a stunning second-half comeback to win 3-2 on a dramatic evening at Molineux. Raheem Sterling had scored twice even after Ederson’s early red card but Adama Traore pulled one back and set up Raul Jimenez for the equaliser before Matt Doherty’s late winner. The thrilling contest was played out amid an intense atmosphere that was only heightened by a series of debatable VAR decisions, not least a twice-taken – and twice saved – penalty by Sterling. The result moves Wolves up to fifth but perhaps more significantly means City stay third and remain 14 points adrift of runaway leaders Liverpool.Tags: Manchester CityRaheem SterlingWolverthanpton Wandererslast_img read more

Barrow commits to Swans

first_img Barrow, whose new deal ties him to Swansea until 2018, scored his first goal for the club in last Saturday’s 6-2 FA Cup third round win at Tranmere. He enjoyed a number of impressive performances for Swansea’s under-21 side before being elevated to senior team duties by manager Garry Monk. “It’s great to sign the new contract. It was an easy decision,” Barrow told Swansea’s official website. “I came here until January initially, but now I can settle for the next four years. “It’s been amazing to play for the first team since joining in the summer. “I have tried to work as hard as possible in training and when I’ve been given my chance, but I know I must keep working for further opportunities.” Press Association Barrow, 22, joined the Swans on a short-term deal last summer from Swedish side Ostersunds FK. He featured as a substitute when Swansea beat Arsenal in November, while further appearances followed against Manchester City and Crystal Palace. center_img Swansea have announced that Gambian forward Modou Barrow has signed a four-year contract at the Barclays Premier League club.last_img read more

USC takes second place at tournament

first_imgThe USC men’s golf team, No. 4 in the nation and coming off back-to-back top-two tournament finishes, made it three in a row with another strong performance, finishing second in the final day of play at the San Diego Intercollegiate Tournament. The tournament, held at the San Diego Country Club in Chula Vista, Calif., featured 15 teams, with Washington capturing first place.On par · The No. 4 Trojans spent three days in San Diego at the San Diego Intercollegiate Tournament. Senior Steven Lim finished even. – Photo courtesy of USC Sports InformationThe Trojans finished at 13-over par, seven strokes behind Washington, which came in at 6-over par. The competition featured a third place finish by rival UCLA (20-over  par) and a tie for fourth place between San Diego State and Tennessee (23-over par).The team received solid play from senior Steve Lim and junior Martin Trainer, both of whom finished tied for third at even-216. Sophomore Jeffrey Kang, coming off his first tournament victory, notched his third straight top-eight finish, ending tied for eighth at three-over 219, including an impressive four birdies and even finishes on the front and back nine.Junior Sam Smith also finished tied for eighth at 3-over par, rebounding from a four-over par through four holes to remain even for the rest of the round. Freshman Anthony Paolucci finished at 13-over par, tied for 40th, while sophomore Ramsey Sahyoun came in at 48th with an overall score of 15-over par.The first day of play saw the Trojans collect a score of 288, four strokes behind the Huskies. Lim fired an even-72, while Kang recorded five birdies to finish even as well. Trainer, the 2011 Pac-10 champion, shot a two-under par without a bogey. Sahyoun came in at two-over par, while Paolucci struggled to a 4-over 76.The Trojans struggled individually during the second day of play, finishing with a score of 299. Only Lim finished under par, firing a 1-under par to cap a solid two-round performance. Kang followed an up-and-down first round with a three-over par, while Paolucci concluded at four-over par. Trainer found it difficult to maintain his performance from the first round, finishing five-over par, while Sahyoun came in tied for 38th at 9-over par.The Trojans regrouped considerably in the third round, riding impressive back nine performances from Kang and Trainer to finish second. Trainer finished off in style, notching four consecutive birdies in the final round to finish 3-under par.Kang also recorded four birdies, finishing even at par. Lim came in at one-over par, while Sahyoun finished at four-over par and Paolucci ended tied for 40th with a five-over par in the final round. The top-two finish marked the third such standing in a row for the Trojans, who won their final fall event before also taking second at the annual Amer Ari event in Waikoloa Beach, Hawaii, earlier in the month.Following this, the Trojans will have two weeks off before participating in the Del Walker Match Play, an all-day tournament to be held at the Virginia Country Club in Long Beach, Calif., from Feb. 27-28.last_img read more

Biggest ever Betting on Sports gets 96.7% seal of approval

first_img Related Articles Björn Nilsson: How Triggy is delivering digestible data through pre-set triggers August 28, 2020 Danske Spil calls for esports makeover with Pinnacle Solution August 25, 2020 Share Submit SBC Events has expressed its delight at the feedback from Betting on Sports, after 96.7% of visitors to the conference said they would recommend it to a colleague.A post event survey, sent to the 1,300 registered #boscon2017 delegates, also found that 94% rated the networking opportunities at the event as ‘Very Good’ or ‘Excellent’. This included praise for the quintet of top-class capital city venues, from the Hilton Olympia Hotel to Olympia Conference Centre, Altitude 360, Skyloft and Under the Bridge.Feedback is already being used to improve future conferences, starting with next year’s Betting on Football (20-23 March), which will feature an even higher quantity of relevant delegates and decision makers from across the sports betting sector.This was cited as one of the key aspects of the event’s success, along with the quality of the conference agenda. Sky Bet CEO Richard Flint and Pinnacle CEO Paris Smith were highlighted as two of the favourite speakers, while Pinnacle’s Trading Director Marco Blume was praised for strong showings in three of the eight main conference tracks.Speaking on the first day of the event, Flint said: “I’ve heard about the conference growth over the last few years and I wanted to be here. I’ve already had a lot of great conversations; I bumped into 30 people I knew just on the way over here, so it’s been fun so far.”Smith added: “Normally, there’s so much noise within the conferences, with so many things that are unrelated. To have every stand and every person that’s here being very focused saves a lot of time – I find that to be very efficient. It’s turning out to be great.”One of the three sessions Blume appeared in, ‘Data, data, data – The issues we face with betting on esports‘, was frequently mentioned as one of the conference highlights, alongside ‘US – Opening the sports betting landscape’, an excellent assessment of New Jersey’s challenge against PASPA and the potential implications for the industry.SBC CEO & Founder Rasmus Sojmark concluded: “We are delighted with the feedback from Betting on Sports, particularly given that 40% of the survey respondents had never attended one of our events before. It was extremely rewarding for us to learn that the operators, suppliers, affiliates, sports clubs and wider industry stakeholders in attendance had embraced the conference as a platform of opportunity. Share ESI Digital – No Drama Please… Esports growth should be treated as business as usual  August 20, 2020 StumbleUponlast_img read more