BusinessPeople In BusinessBanks to face scrutiny – the pressure continues

Banks to face scrutiny - the pressure continues

The finance reports of banks will be under official scrutiny, it emerges today.
The Financial Reporting Review Panel said this morning that it would be ‘biased’ towards a close of examination of bank financial reporting, alongside other sectors expected to suffer in the downturn like retail, house builders and travel and leisure.
But the review of bank reporting puts them under extra pressure at a time when perhaps they would like everyone to ease off a little.
If the FRRP finds defective accounts it can issue a press release announcing what the corrections are.
Not a pleasant prospect because, whereas the FRRP’s work attracts little attention in most circumstances, a press release on the accounts of a bank that has recently undergone part nationalisation would make every national newspaper in the country and focus attention on the finance director and his staff. Interesting times still ahead.

Related Articles

It's a thin line between valuable and invaluable

Accounting Firms It's a thin line between valuable and invaluable

6y Gavin Hinks, Writer
CIMA and its painful disciplinary

Accounting Standards CIMA and its painful disciplinary

6y Gavin Hinks, Writer
The Goldman Sachs tax bill

Corporate Tax The Goldman Sachs tax bill

6y Gavin Hinks, Writer
Sharman's concerned about going concern

Audit Sharman's concerned about going concern

6y Gavin Hinks, Writer
The rush to sign Andrew Higginson

People Business The rush to sign Andrew Higginson

6y Gavin Hinks, Writer
You don't have to be legal to be privileged

Legal You don't have to be legal to be privileged

7y Gavin Hinks, Writer
The Baker Tilly 14

Accounting Firms The Baker Tilly 14

7y Gavin Hinks, Writer
Twitter, or die?

Accounting Firms Twitter, or die?

7y Gavin Hinks, Writer