The Securities and Exchange
Commission has voted to ease up Sarbanes-Oxley regulations, in a
move that could encourage companies back onto US exchanges and reduce audit
Sarbox will become more risk-based, and
auditors will not be required to do separate assurance work for clients.
Industry experts have suggested that the US was set to be overtaken by
London’s markets as the world’s capital markets centre.
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Does Darwin's theory apply to taxation? Colin ponders...
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges