One rival agency moved to defend the Swiss-based firm as speculation spread that the possible accounting problems it reported might be more widespread in the industry.
Mike Van Handel, chief financial officer at Manpower said it would be hard to abuse the system. He told the Financial Times: ‘The accounting for this is fairly straightforward.’ He claimed this was because revenue recognition was triggered the moment a temp is paid, which he said was ‘in keeping with the accounting principle of matching revenues and costs’.
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