of Chartered Accountants in England and Wales (ICAEW) has just given Richard
Carr, former TransTec chief executive, a lifetime ban for misconduct of ‘a
serious and sustained nature’ in relation to the collapse of the motor parts
business founded by Geoffrey Robinson, the Labour MP.
Richard Parkin, TransTec former finance director, was severely reprimanded
for a ‘serious dereliction of duty’ after an investigation by the Joint
Disciplinary Tribunal, according to The Times.
The two executives are the latest in a line of people and institutions to be
publicly censured for conduct associated with the TransTec collapse.
former TransTec auditor, was fined £1.5m for ‘deficient’ audit work while Carr
and seven other TransTec executives were banned from acting as company directors
for 42 years.
Bill Jeffrey, another former finance director, received a suspended prison
sentence in 2006 after pleading guilty to fraud in relation to his role in
covering up an £11m compensation payment to Ford. Carr was charged but later
acquitted of seven fraud charges in the same investigation.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements