Melanie Johnson, competition minister, will unveil the biggest shake-up in UK company law in 150 years with the publication of a white paper.
The long-awaited scrapping of the statutory annual audit for companies with turnover of less than £4.8m is expected. Other proposals include tightened corporate governance procedures on directors’ duties and a new operating and financial review.
Johnson has said the reforms will save small businesses £170m a year.
Publication of the white paper comes a year after trade and industry minister Patricia Hewitt unveiled the findings of a three-year long review of company law, undertaken by the DTI.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
Hundreds of jobs are secure after Spectrum Contracting has been sold out of administration to Minstrell Recruitment by FRP Advisory
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
The Practitioner discusses their timesheet militancy, and reaction to someone playing it fast and loose with the details...