Mitchell will respond to last week’s Department of Trade’s rejection of the pleas of the accountancy profession by tabling eight amendments to the companies bill tomorrow.
‘Basically, I’ve come up with every conceivable way I can think of capping liability,’ Mitchell told the Times. ‘I’m going to say to the minister in the debate tomorrow, we know that you recognise this is a problem. This is not about auditors; it’s about the good and proper governance of the UK corporate system. Here are all the different ways you can do it.’
Accountancy Age understands from sources close to secretary of state for trade, Patricia Hewitt, that the government is keen to push some form of compromise measure into the companies bill as early as October. She has asked the business and audit worlds and other interested parties to ‘work together’ to determine whether a system of proportionate liability via contract would work.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars