Gordon Brown has called on auditors to improve their efforts as the credit
crunch continues to batter the capital markets.
Financial Times, The Prime Minister said that there was a need for more
clarity because companies may have been too complacent about the risks they
Brown said: ‘If the manifestation of the problems was an underpricing of
risk, the source of many of the problems was a deficit of transparency. That
transparency deficit needs to be addressed – from within organisations, their
auditors, the credit rating agencies and through regulatory requirements,
leading to an increased understanding by firms, investors and regulators.’
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