Row in Commons over auditor post
A row has erupted in the House of Commons over the 'jobs-for-the-boys' style appointment of a non-accountant as Britain's next nominee to the European Court of Auditors,
A row has erupted in the House of Commons over the 'jobs-for-the-boys' style appointment of a non-accountant as Britain's next nominee to the European Court of Auditors,
During exchanges in the Commons, MPs complained the position, held by John Wiggins who is due to step down at the year end, has become a ‘closed shop for ex-civil servants’.
Alan Williams, Public Accounts Commission chairman, complained there should have been more consultation. It then emerged that neither Wiggins nor his replacement, David Bostock, currently working at the National Audit Office, are qualified accountants. Lib Dem MP David Rendel said the appointee ‘should have considerable experience of audit, probably being a fully trained auditor’.
The European spat came just days after the prime minister upset EU heads of state when he at first only invited French president Jacques Chirac and Gerhard Schroeder, chancellor of Germany, to a summit at Downing Street at the weekend. The row will add to concerns about EU finances.
Links
EU slammed as fraud controls fail
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articlePwC's decision to delay promotions in its graduate scheme, affecting around 100 graduates, is a response to reduced client demand and the aftermath of...
View articleTraditionally, audit schedules have been prepared manually, consuming significant time and resources. However, with the advancements in Artificial Int...
View articleThe FRC is promoting initiatives to foster a more competitive market, following recent high-profile accounting scandals. Read More...
View articleOn January 27, it was reported EY had quit as auditor to Asda amid one of its senior partners starting a romantic relationship with billionaire chief ...
View articleDespite the increased interest in AI and ML, only 12% of respondents indicate their organisations have adopted AI and ML within their audit functions....
View articleAs the government's independent investigation progresses, it is hoped that a clearer picture will emerge, leading to meaningful reforms within the aud...
View articleThe proposed enhancements, including the focus on material misstatements arising from non-compliance, the introduction of a risk assessment process, a...
View article