The body, headed up by Christopher Cox, plans to undertake formal
consultation now its dual-listed companies’ accounts are under review.
The US regulator has also recently begun closer scrutiny of dual-listeds
through issuing controversial ‘comment letters’ on their accounts.
Richard Thorpe, head of accounting and auditing policy at the Financial
Services Authority, said the US watchdog is to review accounts of foreign
companies in full consideration of its counterparts’ positions regarding
application and enforcement.
‘There will also be closer dialogue on modernisation of financial reporting,’
Smaller businesses could be excluded from government plans for making business transactions digital, found new research from ICAEW
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges