Mon March 15, 2021 - National Edition
Lucy Perry â CEG CORRESPONDENT
Where ground conditions are poor and lift sites far apart, contractors find teleboom crawler cranes work efficiently and move swiftly.
(Manitowoc Cranes photo)
The utility market has long known teleboom crawler cranes are workhorses in the field. They can easily navigate sketchy terrain, hike steep slopes and coast over soft ground. But their abilities to pick and carry a full load chart, work on out-of-level conditions and hold various attachments are drawing the interest of contractors in many construction sectors. Telecrawlers become indispensable on work sites where a rough-terrain or all-terrain crane can t go, or on a site that a conventional crawler crane utilizing flat pads can t navigate, said Rick Mikut,
Mountain to climb for accountants amid most demanding audit season in decades
Auditors turn to the virtual world to meet the twin challenges of lockdown and the rising tide of businesses on the brink
This winter could well be the toughest audit and reporting season for decades
For many white collar professionals, working from home has offered a welcome chance to avoid having the boss looking over their shoulder. Not so at the Big Four accounting firms.
Partners have been setting up “virtual audit rooms” – video meetings where teams stay online throughout the day and pipe up if they have questions while they work in the background.
BBC News
By Howard Mustoe
A fresh argument has broken out over the role of auditors in spotting fraud.
An international standards body wants to consult members on the so-called expectation gap - the idea that the public expects too much from an audit.
But pensions advisor Pirc will write to the UK s big audit firms warning them to reject the consultation on how far they should go to spot fraud.
Auditors have been fined and criticised for bad work after the collapse of big companies like BHS and Wirecard.
Auditors test a company s accounts on a sample basis to make sure they offer a sound view of a business s health.
Challenger audit firms prep for forced audit separation
Challenger audit firms are readying themselves for audit separation, a requirement not yet expected of them, but one they see as inevitable in the future.
Last summer audit regulator the Financial Reporting Council (FRC) ordered the Big Four firms – Deloitte, KPMG, PwC and EY – to separate their audit units from the rest of their business by 2024, in what would be a “major step in the reform of the audit sector”, according to the watchdog’s chief Sir Jon Thompson.
Although audit separation was targeted at the Big Four, challenger firms BDO, Grant Thornton and RSM have confirmed they have been working behind the scenes on what audit separation would look like for them, on the assumption they will have to follow suit in the future.
Investment Week is hosting its Global Emerging Markets Briefing at a pivotal time for investors as they start to position for the recovery from the Covid-19 pandemic, although risks remain.
During this interactive briefing, we will hear from a number of global emerging market managers about their response to the extraordinary events of the past year and their outlook for the rest of the year and beyond.
The managers will identify where they are seeing the biggest opportunities and risks at the moment in emerging markets and explain the role their strategies could play in client portfolios.
Attendees will also get the chance to network with peers, quiz our speakers, as well as benefit from CPD points