In a written statement to the house, secretary of state for trade, Patricia Hewitt, said: ‘I have considered carefully whether there is a case for a change in the law on auditor liability.’
‘In the light of the consultation responses, and the OFT’s advice that introducing a cap would not significantly enhance competition, I have concluded against proposing changes to the law on this.’
Peter Wyman, senior partner at PricewaterhouseCoopers, said it was what the profession was expecting but it is ‘looking very favourable at early reform to permit proportionality by contract if we can demonstrate that there is support in the investor and business community’.
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...