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<br /> ISSUE 197<br /> MARCH<br /> 2012<br /> icaew.com/fmfac<br /> FINANCE &<br /> MANAGEMENT<br /> “MANY ORGANISATIONS LACK THE PIPELINE OF TALENT TO SUPPORT FUTURE NEEDS” PAGE 22<br /> Starting over<br /> How to maximise value<br /> while managing change<br /> Cultural divide<br /> In a global economy,<br /> difference matters<br /> Scambusting<br /> Sharpening up in the<br /> battle against fraud<br /> The<br /> whistleblower<br /> Michael Woodford<br /> on his Olympus<br /> experience<br /> AWARDS 2011<br /> WINNERS<br /> iXBRL. There is always an easier route…<br /> Easier yes, and importantly, right for your business. There is no one size fits all solution for iXBRL, that's<br /> why we offer different routes to compliance. From fully automated accounts production, tagging of<br /> Microsoft Word and Excel accounts, to outsourcing services. We make it easy for you to be compliant.<br /> So take a direct path to HMRC compliance for all your accounts an<a title="F&amp;Mzmags page 1" href="http://viewer.zmags.com/publication/a8e1bab9?page=1"> ISSUE 197 MARCH 2012 icaew.com/fmfac FINANCE & </a> <a title="F&amp;Mzmags page 2" href="http://viewer.zmags.com/publication/a8e1bab9?page=2"> AWARDS 2011 WINNERS </a> <a title="F&amp;Mzmags page 3" href="http://viewer.zmags.com/publication/a8e1bab9?page=3"> FINANCE & MANAGEMENT Contents Issue 197 March</a> <a title="F&amp;Mzmags page 4" href="http://viewer.zmags.com/publication/a8e1bab9?page=4"> FINANCE & MANAGEMENT Blowing the whistle on f</a> <a title="F&amp;Mzmags page 5" href="http://viewer.zmags.com/publication/a8e1bab9?page=5"> NEWS News on the financial front ICAEW PRESS</a> <a title="F&amp;Mzmags page 6" href="http://viewer.zmags.com/publication/a8e1bab9?page=6"> FINANCE & MANAGEMENT Faculty news FINANCE </a> <a title="F&amp;Mzmags page 7" href="http://viewer.zmags.com/publication/a8e1bab9?page=7"> EVENTS Faculty events WORKING CAPITAL OPTIM</a> <a title="F&amp;Mzmags page 8" href="http://viewer.zmags.com/publication/a8e1bab9?page=8"> FINANCE & MANAGEMENT Finance Directors' Conf</a> <a title="F&amp;Mzmags page 9" href="http://viewer.zmags.com/publication/a8e1bab9?page=9"> REVIEW Book reviews MAKE CONTACT Accoun</a> <a title="F&amp;Mzmags page 10" href="http://viewer.zmags.com/publication/a8e1bab9?page=10"> FINANCE & MANAGEMENT Optical delusion Be</a> <a title="F&amp;Mzmags page 11" href="http://viewer.zmags.com/publication/a8e1bab9?page=11"> COVER STORY </a> <a title="F&amp;Mzmags page 12" href="http://viewer.zmags.com/publication/a8e1bab9?page=12"> FINANCE & MANAGEMENT or enlighten</a> <a title="F&amp;Mzmags page 13" href="http://viewer.zmags.com/publication/a8e1bab9?page=13"> COVER STORY respecting my fiducia</a> <a title="F&amp;Mzmags page 14" href="http://viewer.zmags.com/publication/a8e1bab9?page=14"> FINANCE & MANAGEMENT Vive la différence I</a> <a title="F&amp;Mzmags page 15" href="http://viewer.zmags.com/publication/a8e1bab9?page=15"> BUSINESS ABROAD that we are still</a> <a title="F&amp;Mzmags page 16" href="http://viewer.zmags.com/publication/a8e1bab9?page=16"> FINANCE & MANAGEMENT should if th</a> <a title="F&amp;Mzmags page 17" href="http://viewer.zmags.com/publication/a8e1bab9?page=17"> </a> <a title="F&amp;Mzmags page 18" href="http://viewer.zmags.com/publication/a8e1bab9?page=18"> FINANCE & MANAGEMENT Value the change you wan</a> <a title="F&amp;Mzmags page 19" href="http://viewer.zmags.com/publication/a8e1bab9?page=19"> MANAGING CHANGE a lack of general</a> <a title="F&amp;Mzmags page 20" href="http://viewer.zmags.com/publication/a8e1bab9?page=20"> FINANCE & MANAGEMENT </a> <a title="F&amp;Mzmags page 21" href="http://viewer.zmags.com/publication/a8e1bab9?page=21"> MANAGING CHANGE likely future env</a> <a title="F&amp;Mzmags page 22" href="http://viewer.zmags.com/publication/a8e1bab9?page=22"> AUDIT & BEYOND Seven deadly sins </a> <a title="F&amp;Mzmags page 23" href="http://viewer.zmags.com/publication/a8e1bab9?page=23"> EXECUTIVE DEVELOPMENT their role </a> <a title="F&amp;Mzmags page 24" href="http://viewer.zmags.com/publication/a8e1bab9?page=24"> FINANCE AND MANAGEMENT Links in the sustainab</a> <a title="F&amp;Mzmags page 25" href="http://viewer.zmags.com/publication/a8e1bab9?page=25"> SUSTAINABILITY </a> <a title="F&amp;Mzmags page 26" href="http://viewer.zmags.com/publication/a8e1bab9?page=26"> FINANCE AND MANAGEMENT From the Faculties </a> <a title="F&amp;Mzmags page 27" href="http://viewer.zmags.com/publication/a8e1bab9?page=27"> TECHNICAL Technical updates Our regular round-u</a> <a title="F&amp;Mzmags page 28" href="http://viewer.zmags.com/publication/a8e1bab9?page=28"> FINANCE & MANAGEMENT FINANCIAL</a> <a title="F&amp;Mzmags page 29" href="http://viewer.zmags.com/publication/a8e1bab9?page=29"> TECHNICAL EMPLOYMENT LAW This </a> <a title="F&amp;Mzmags page 30" href="http://viewer.zmags.com/publication/a8e1bab9?page=30"> FINANCE & MANAGEMENT Silence of the scams </a> <a title="F&amp;Mzmags page 31" href="http://viewer.zmags.com/publication/a8e1bab9?page=31"> FRAUD PREBVREINETFIONNG latest es</a> <a title="F&amp;Mzmags page 32" href="http://viewer.zmags.com/publication/a8e1bab9?page=32"> FINANCE & MANAGEMENT Survival of the fittest</a> <a title="F&amp;Mzmags page 33" href="http://viewer.zmags.com/publication/a8e1bab9?page=33"> BUSINESS MODELLING T he brutal realit</a> <a title="F&amp;Mzmags page 34" href="http://viewer.zmags.com/publication/a8e1bab9?page=34"> FINANCE & MANAGEMENT </a> <a title="F&amp;Mzmags page 35" href="http://viewer.zmags.com/publication/a8e1bab9?page=35"> DAILY INSIGHT AND FRESH ANALYSIS ONLINE </a> <a title="F&amp;Mzmags page 36" href="http://viewer.zmags.com/publication/a8e1bab9?page=36"> HOW MANY HATS DO YOU WEAR? Every FD faces a huge </a>