Among advice that the Conference Board Commission on Public Trust put across at a New York summit was for companies to restrict the amount of tax advice they commission.
‘The Commission recommends against public audit firms performing services that put them in an advocacy position such as proffering novel and debatable tax strategies and products that involve income tax shelters and extensive off-shore partnerships or affiliates,’ a statement reads.
It also says that some of the changes may ‘call for a rotation of audit firms’.
The age-old argument of splitting the roles of chairman of the board and CEO was again brought up.
The Conference Board is chaired by Peter Peterson, founder of the Blackstone Group, and John Snow, the newly appointed Treasury secretary.
UK senior partner Phil Verity has been elected for a second term at Mazars
An audit partner has been appointed at Grant Thornton in its North West offices
KPMG has been appointed with “immediate” effect as the auditor of Dorcaster
The audit for Ibstock will be taken over by Deloitte following a competitive tender process