<br />
DECEMBER 2013 | ICAEW.COM/ECONOMIA<br />
Will regulators<br />
impose even<br />
tougher capital<br />
rules on the banks?<br />
Who will help emerging<br />
markets and developed<br />
economies effectively<br />
co-ordinate policy?<br />
Who will win the battle for<br />
the US economy, Barack<br />
Obama or Ted Cruz?<br />
What will happen in<br />
the debate over the<br />
US budget deficit?<br />
ISSUE 22 | INTELLIGENCE AND INSIGHT<br />
Can Angela<br />
Merkel remain the<br />
dominant figure<br />
in a turbulent<br />
financial world?<br />
Will Mark Carney's<br />
move to long-term<br />
targets help in his<br />
quest for stability?<br />
What impact will new<br />
Federal Reserve chairman<br />
Janet Yellen have?<br />
*<br />
PAUL DRUCKMAN THE PRACTICE FRONTLINE LORD HOWARD LEIGH AUDIT COMMITTEES<br />
Marketing<br />
Celso Guiotoko<br />
Chief Information Officer<br />
Nissan<br />
De<a title="Economia December page 1" href="http://viewer.zmags.com/publication/298639a6?page=1"> DECEMBER 2013 | ICAEW.COM/ECONOMIA W</a>
<a title="Economia December page 2" href="http://viewer.zmags.com/publication/298639a6?page=2"> Marketing Celso Guiotoko Chief Information</a>
<a title="Economia December page 3" href="http://viewer.zmags.com/publication/298639a6?page=3"> The crash of 2008 led to a con idence crisis in t</a>
<a title="Economia December page 4" href="http://viewer.zmags.com/publication/298639a6?page=4"> </a>
<a title="Economia December page 5" href="http://viewer.zmags.com/publication/298639a6?page=5"> </a>
<a title="Economia December page 6" href="http://viewer.zmags.com/publication/298639a6?page=6"> </a>
<a title="Economia December page 7" href="http://viewer.zmags.com/publication/298639a6?page=7"> </a>
<a title="Economia December page 8" href="http://viewer.zmags.com/publication/298639a6?page=8"> ICAEW in this issue 1 IC</a>
<a title="Economia December page 9" href="http://viewer.zmags.com/publication/298639a6?page=9"> PHOTOGRAPHY: KALPESH LATHIGRA There is more tech</a>
<a title="Economia December page 10" href="http://viewer.zmags.com/publication/298639a6?page=10"> EDITORIAL ADVISORY BOARD Arthur Bailey FCA (Cha</a>
<a title="Economia December page 11" href="http://viewer.zmags.com/publication/298639a6?page=11"> </a>
<a title="Economia December page 12" href="http://viewer.zmags.com/publication/298639a6?page=12"> In review THE INTERNATIONAL PICTURE </a>
<a title="Economia December page 13" href="http://viewer.zmags.com/publication/298639a6?page=13"> THE AUDIT 2.8% 3% 3.5% </a>
<a title="Economia December page 14" href="http://viewer.zmags.com/publication/298639a6?page=14"> THE AUDIT Good month Bad</a>
<a title="Economia December page 15" href="http://viewer.zmags.com/publication/298639a6?page=15"> Proof, you can please all the people all the time</a>
<a title="Economia December page 16" href="http://viewer.zmags.com/publication/298639a6?page=16"> THE AUDIT The book review Richard Cree revie</a>
<a title="Economia December page 17" href="http://viewer.zmags.com/publication/298639a6?page=17"> How do you turn billions of pieces of data into a</a>
<a title="Economia December page 18" href="http://viewer.zmags.com/publication/298639a6?page=18"> THE AUDIT As I see it David Dorans has been CFO a</a>
<a title="Economia December page 19" href="http://viewer.zmags.com/publication/298639a6?page=19"> Are you prepared for new UK GAAP? Financial repor</a>
<a title="Economia December page 20" href="http://viewer.zmags.com/publication/298639a6?page=20"> From the top Y ou will have gat</a>
<a title="Economia December page 21" href="http://viewer.zmags.com/publication/298639a6?page=21"> THE AUDIT UNSUNG CORPORATE FINANCE SUCCESS STORY</a>
<a title="Economia December page 22" href="http://viewer.zmags.com/publication/298639a6?page=22"> 22 </a>
<a title="Economia December page 23" href="http://viewer.zmags.com/publication/298639a6?page=23"> THE AUDIT D uring my 27 year</a>
<a title="Economia December page 24" href="http://viewer.zmags.com/publication/298639a6?page=24"> Removing defined benefit pension risks from</a>
<a title="Economia December page 25" href="http://viewer.zmags.com/publication/298639a6?page=25"> THE AUDIT The graph Britain by numbers, a statist</a>
<a title="Economia December page 26" href="http://viewer.zmags.com/publication/298639a6?page=26"> Michael Izza Free-for-all on regulation O </a>
<a title="Economia December page 27" href="http://viewer.zmags.com/publication/298639a6?page=27"> OPINION TOP FIVE MOST READ STORIES ONL</a>
<a title="Economia December page 28" href="http://viewer.zmags.com/publication/298639a6?page=28"> OPINION Jason Cowley Miliband is playing the long</a>
<a title="Economia December page 29" href="http://viewer.zmags.com/publication/298639a6?page=29"> Corporate Pensions Health, Risk & Wellbeing Cons</a>
<a title="Economia December page 30" href="http://viewer.zmags.com/publication/298639a6?page=30"> Sanjeev Sanyal We need to decide who will run the</a>
<a title="Economia December page 31" href="http://viewer.zmags.com/publication/298639a6?page=31"> OPINION Cathy Newman Nothing generates political </a>
<a title="Economia December page 32" href="http://viewer.zmags.com/publication/298639a6?page=32"> </a>
<a title="Economia December page 33" href="http://viewer.zmags.com/publication/298639a6?page=33"> </a>
<a title="Economia December page 34" href="http://viewer.zmags.com/publication/298639a6?page=34"> 34 </a>
<a title="Economia December page 35" href="http://viewer.zmags.com/publication/298639a6?page=35"> INTERNATIONAL CURRENCY One of the more sign</a>
<a title="Economia December page 36" href="http://viewer.zmags.com/publication/298639a6?page=36"> INTERNATIONAL CURRENCY commercial bank</a>
<a title="Economia December page 37" href="http://viewer.zmags.com/publication/298639a6?page=37"> “I’M RECOGNIZED FOR MY CERTIFICATION. I’M VALUED</a>
<a title="Economia December page 38" href="http://viewer.zmags.com/publication/298639a6?page=38"> France France AT A GLANCE Despite its central rol</a>
<a title="Economia December page 39" href="http://viewer.zmags.com/publication/298639a6?page=39"> INTERNATIONAL FRANCE PHOTOGRAPHY: IWAN BAAN HIS</a>
<a title="Economia December page 40" href="http://viewer.zmags.com/publication/298639a6?page=40"> “I am different from the usual reporting framewor</a>
<a title="Economia December page 41" href="http://viewer.zmags.com/publication/298639a6?page=41"> PROFILE PAUL DRUCKMAN </a>
<a title="Economia December page 42" href="http://viewer.zmags.com/publication/298639a6?page=42"> or another for some 30 years. In 1975 there was s</a>
<a title="Economia December page 43" href="http://viewer.zmags.com/publication/298639a6?page=43"> PROFILE PAUL DRUCKMAN PHOTOGRAPHY BY KALPESH LAT</a>
<a title="Economia December page 44" href="http://viewer.zmags.com/publication/298639a6?page=44"> This time last year we rounded up 50 of the most </a>
<a title="Economia December page 45" href="http://viewer.zmags.com/publication/298639a6?page=45"> GLOBAL FINANCE 50 2 </a>
<a title="Economia December page 46" href="http://viewer.zmags.com/publication/298639a6?page=46"> 4 CHRISTINE LAGARDE MANAGING DIRECTOR, IMF The IM</a>
<a title="Economia December page 47" href="http://viewer.zmags.com/publication/298639a6?page=47"> GLOBAL FINANCE 50 11 THE PIIGS (STRUGGLING EUROZ</a>
<a title="Economia December page 48" href="http://viewer.zmags.com/publication/298639a6?page=48"> We want your nominations for the most influential </a>
<a title="Economia December page 49" href="http://viewer.zmags.com/publication/298639a6?page=49"> GLOBAL FINANCE 50 Warren Buffett 32 JACOB “JAC</a>
<a title="Economia December page 50" href="http://viewer.zmags.com/publication/298639a6?page=50"> GLOBAL FINANCE 50 41 MARGARET HO</a>
<a title="Economia December page 51" href="http://viewer.zmags.com/publication/298639a6?page=51"> ADVERTORIAL ELECTRIC THINKING If you think you ca</a>
<a title="Economia December page 52" href="http://viewer.zmags.com/publication/298639a6?page=52"> </a>
<a title="Economia December page 53" href="http://viewer.zmags.com/publication/298639a6?page=53"> SUPPORTED BY From lowly</a>
<a title="Economia December page 54" href="http://viewer.zmags.com/publication/298639a6?page=54"> “I've always been happy to stand up to a customer</a>
<a title="Economia December page 55" href="http://viewer.zmags.com/publication/298639a6?page=55"> COMPANY PROFILE R&R ICE CREAM </a>
<a title="Economia December page 56" href="http://viewer.zmags.com/publication/298639a6?page=56"> the company completed a reverse takeover of Treat</a>
<a title="Economia December page 57" href="http://viewer.zmags.com/publication/298639a6?page=57"> COMPANY PROFILE R&R ICE CREAM “I</a>
<a title="Economia December page 58" href="http://viewer.zmags.com/publication/298639a6?page=58"> SINK OR SWIM The wave of changes about to swamp a</a>
<a title="Economia December page 59" href="http://viewer.zmags.com/publication/298639a6?page=59"> AUDIT COMMITTEES “There is more emphasis on au</a>
<a title="Economia December page 60" href="http://viewer.zmags.com/publication/298639a6?page=60"> sector experience to report on potential areas of</a>
<a title="Economia December page 61" href="http://viewer.zmags.com/publication/298639a6?page=61"> AUDIT COMMITTEES IN OCTOBER, THE</a>
<a title="Economia December page 62" href="http://viewer.zmags.com/publication/298639a6?page=62"> ON THE BOTTOM LINE “Accountants are last into rec</a>
<a title="Economia December page 63" href="http://viewer.zmags.com/publication/298639a6?page=63"> SMALL PRACTITIONERS PHOTOGRAPHY: GARETH PHILLIPS</a>
<a title="Economia December page 64" href="http://viewer.zmags.com/publication/298639a6?page=64"> Nigel Herring, sole practitioner: "I have a lapto</a>
<a title="Economia December page 65" href="http://viewer.zmags.com/publication/298639a6?page=65"> SMALL PRACTITIONERS “Every</a>
<a title="Economia December page 66" href="http://viewer.zmags.com/publication/298639a6?page=66"> FEELING THE BURN Career burnout could cost you yo</a>
<a title="Economia December page 67" href="http://viewer.zmags.com/publication/298639a6?page=67"> CAREER BURNOUT S arah (not her </a>
<a title="Economia December page 68" href="http://viewer.zmags.com/publication/298639a6?page=68"> emptiness, that your work has no meaning”. We've </a>
<a title="Economia December page 69" href="http://viewer.zmags.com/publication/298639a6?page=69"> CAREER BURNOUT lose the next generation of peo</a>
<a title="Economia December page 70" href="http://viewer.zmags.com/publication/298639a6?page=70"> The unseen recovery In small, often</a>
<a title="Economia December page 71" href="http://viewer.zmags.com/publication/298639a6?page=71"> the economia essay reduce its de</a>
<a title="Economia December page 72" href="http://viewer.zmags.com/publication/298639a6?page=72"> THE ENTREPRENEUR'S FRIEND Newly raised to the pee</a>
<a title="Economia December page 73" href="http://viewer.zmags.com/publication/298639a6?page=73"> PROFILE LORD HOWARD LEIGH PHOTOGRAPHY: PHILIP SI</a>
<a title="Economia December page 74" href="http://viewer.zmags.com/publication/298639a6?page=74"> </a>
<a title="Economia December page 75" href="http://viewer.zmags.com/publication/298639a6?page=75"> Technical The top five Boosting minority shareho</a>
<a title="Economia December page 76" href="http://viewer.zmags.com/publication/298639a6?page=76"> Key developments AUDIT Housing associations </a>
<a title="Economia December page 77" href="http://viewer.zmags.com/publication/298639a6?page=77"> TECHNICAL UPDATES FINANCIAL REPORTING </a>
<a title="Economia December page 78" href="http://viewer.zmags.com/publication/298639a6?page=78"> A spectrum of services Audit may not have run it</a>
<a title="Economia December page 79" href="http://viewer.zmags.com/publication/298639a6?page=79"> TECHNICAL AUDIT ILLUSTRATION: ARON VELLEKOOP LEO</a>
<a title="Economia December page 80" href="http://viewer.zmags.com/publication/298639a6?page=80"> Fitting the GAAP In the final run-up to the tran</a>
<a title="Economia December page 81" href="http://viewer.zmags.com/publication/298639a6?page=81"> TECHNICAL FINANCIAL REPORTING ILLUSTRATION: ARON</a>
<a title="Economia December page 82" href="http://viewer.zmags.com/publication/298639a6?page=82"> Seven steps to successful selling You're not alo</a>
<a title="Economia December page 83" href="http://viewer.zmags.com/publication/298639a6?page=83"> TECHNICAL PRACTICE MANAGEMENT v</a>
<a title="Economia December page 84" href="http://viewer.zmags.com/publication/298639a6?page=84"> Delivering peace of mind Carolyn Burchell's firm</a>
<a title="Economia December page 85" href="http://viewer.zmags.com/publication/298639a6?page=85"> TECHNICAL PRACTICE PROFILE ILLUSTRATION: ARON VE</a>
<a title="Economia December page 86" href="http://viewer.zmags.com/publication/298639a6?page=86"> Report listings These reports are summaries. Fur</a>
<a title="Economia December page 87" href="http://viewer.zmags.com/publication/298639a6?page=87"> technical DISCIPLINARIES between Mar</a>
<a title="Economia December page 88" href="http://viewer.zmags.com/publication/298639a6?page=88"> Life Christmas gift guide A round-up of gifts so</a>
<a title="Economia December page 89" href="http://viewer.zmags.com/publication/298639a6?page=89"> FOR FOODIES Clockwise: Rabbit and cabbage apron, </a>
<a title="Economia December page 90" href="http://viewer.zmags.com/publication/298639a6?page=90"> FOR BOOKWORMS AND ART LOVERS Clockwise: Yellow Me</a>
<a title="Economia December page 91" href="http://viewer.zmags.com/publication/298639a6?page=91"> LIFE GIFT GUIDE </a>
<a title="Economia December page 92" href="http://viewer.zmags.com/publication/298639a6?page=92"> FOR GADGET AND DESIGN GEEKS Clockwise: Malden iPa</a>
<a title="Economia December page 93" href="http://viewer.zmags.com/publication/298639a6?page=93"> LIFE GIFT GUIDE </a>
<a title="Economia December page 94" href="http://viewer.zmags.com/publication/298639a6?page=94"> Restaurants Take time out from hiking, snowboar</a>
<a title="Economia December page 95" href="http://viewer.zmags.com/publication/298639a6?page=95"> RECRUITMENT icaewjobs@icaew.com www.pwc.com/uk</a>
<a title="Economia December page 96" href="http://viewer.zmags.com/publication/298639a6?page=96"> DIRECTORY COMPANY FORMATION & RESTORATION COMP</a>
<a title="Economia December page 97" href="http://viewer.zmags.com/publication/298639a6?page=97"> lucinDa richarDSon lucinda.richardson@progressive</a>
<a title="Economia December page 98" href="http://viewer.zmags.com/publication/298639a6?page=98"> LIFE AFTER WORK Back t</a>
<a title="Economia December page 99" href="http://viewer.zmags.com/publication/298639a6?page=99"> Is your fIrm complyIng wIth the latest regulatIon</a>
<a title="Economia December page 100" href="http://viewer.zmags.com/publication/298639a6?page=100"> THE KEY TO AN EXTRAORDINARY LIFE IS QUITE LITERAL</a>