Financial controller network

The Financial controller’s role has never been more challenging, with a changing regulatory environment and economic instability bringing added pressures and responsibilities. We understand that keeping up with technical and strategic issues can often be difficult, which is why we created the Financial controllers network. Led by Jon Stanton, Partner, the network delivers a programme that includes:

• technical workshops
• dinners centred around topical issues
• quarterly bulletin of viewpoints and technical updates
• networking opportunities

To find out more please e-mail  FC Network.

Financial Reporting Outlook 2008 - Monday 17 November 2008, London
Ernst & Young will be hosting its annual financial reporting conference in London on Monday 17 November 2008, bringing together leading experts from the financial reporting community. The event will provide an ideal briefing for chief financial officers, controllers, finance managers and others involved with financial reporting.

Please visit www.financialreportingoutlook.com to view the full conference agenda, delegate fees and to register for the event.

The changing role of the financial controller
As part of the financial controller network, Ernst & Young commissioned research to explore what lay ahead for FCs in their role. The changing role of the financial controller focuses on findings from Britain's most influential companies - 60% of respondents work for companies with a turnover of £1bn+. The survey reflects changing priorities among financial controllers and increased opportunities for personal development and improving the finance function. Download a copy of the research report 3.5Mb

What's next for the CFO? – where ambition meets reality
At a time when businesses want their CFOs to become actively engaged in the strategic direction of the business, CFOs themselves believe that they are still far too distracted by the demands of compliance and corporate governance. This is according to our latest survey report for CFOs. To view the full report click here.

ITEM Club Spring forecast
The ITEM Club’s Spring forecast says that the economic outlook depends critically on the Government and the Bank of England finding ways of alleviating the effects of the credit crisis. But with no real solution on the horizon, ITEM expects UK growth to slow to 1.8% this year and 1.5% in 2009. It expects consumer spending to grow by a mere 1% a year in response to falling house prices and home moves, while export growth will perk up in response to the fall in sterling. What does this mean for the CFO and what questions should you be asking yourself in the current environment?
Click here to read the full ITEM Club forecast.

Weighing the costs of corruption or compliance
Corruption is a growing problem for businesses. Our 10th global fraud survey offers analysis of insights from nearly 1,200 executives into their experiences of bribery and corruption. We also describe the steps to create what we believe is an effective anti-corruption compliance program. Click here to find out more.

2007 year-end IFRS update
This publication summarises the new and amended IFRS standards and interpretations that are applicable to financial periods beginning on or after 1 January 2007. It also highlights other new and amended IFRS standards and interpretations that have been issued up to 30 September 2007 but are not yet effective. Read more.

Global Information Security Survey 2007
Information security remains an important component of risk management, but organizations are also focusing on improving overall business performance as a critical objective. There is a realization that information security can deliver more than just protection. Read more.

Practical Issues in IFRS for Financial Instruments
A new bi-monthly newsletter that highlights issues we regularly come across in relation to accounting for financial instruments under IFRS and offers advice on avoiding some of the pitfalls. Read more.

Companies Act 2006
A series of flyers based on hot topics have been produced to help keep you informed. To find out more click here.

International GAAP^®
iThe only globally focused work on IFRS, written by financial reporting experts from Ernst & Young's International Financial Reporting Group. This essential volume of practical guidance and expert interpretation deals with every aspect of applying IFRS appropriately and effectively. Read more.

Observations on the implementation of IFRS
Ernst & Young has reviewed the 2005 financial statements of some of the largest companies in the world to see how they have applied IFRS – in the main for the first time – in their financial statements, to assess the degree of consistency and comparability among companies that has resulted from IFRS adoption, and to ascertain how performance measures based on IFRS have been used in market communications. Read more.