A statement from the public sector accountancy body says FDs should be members of an authority’s corporate management team and the role of the FD should not be combined with the role of chief executive.
John Scotford, chairman of the CIPFA working group, said: ‘The statutory responsibilities of a finance director in local government are unique and it is therefore important that he or she operates in a structure that enables those responsibilities to be discharged properly. But mere compliance with the law is not what makes a good finance director.
‘To be really effective a finance director must make a positive contribution and be innovative, through having the right approach to finding solutions.’
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
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
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Company bosses are considering relocating operations or headquarters away from the UK following the country's decision to leave the European Union