Sir John Bourn, head of the NAO, still refuses to sign off the government’s new accounting methods until Network Rail’s £21bn are fully disclosed, the Daily Telegraph reported today.
The loan is in the form of government guarantees.
The Office of National Statistics has allowed the chancellor to exclude the debts from his Red Book, allowing him to keep government debt low, on paper at least.
According to the paper, the Treasury is happy to include the debt in the new Whole of Government Accounts, but will not let it show in Brown’s red book.
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season