The Treasury has clashed with the Commons Public Accounts Committee over departmental compliance with new resource accounting rules. All departments are now under a statutory duty to submit resource accounts to the comptroller and auditor general. A PAC report concluded the issue of ‘accounts directions’ were a matter for the Treasury, ‘however we see little advantage,and some potential difficulty, in the issue of such directions to departments which have not fully demonstrated the capability to produce resource accounts of an auditable standard’. The Treasury said ‘to provide an impetus for such departments, as many as possible should prepare their accounts under a formal direction’.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel