Charities have, in the past, been accused of poor financial reporting which heightened to an almost feverish level after the 11 September attacks.
Mary Louise-Wedderburn, who has been appointed project manager, and is a chartered accountant, said one of the main reasons for the project was to appease stakeholders.
‘It would be a sign of complacency to say that all was well with the world,’ she said when asked whether the project was an admission of problems in charity financial reporting. ‘Really the purpose is to say: “what can we do better”.’
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
Charles Tilley's departure from CIMA leaves the accounting world quieter, but his institute with an exciting foundation