The firm agreed with an ICAEW investigation committee that in carrying out a
valuation of a holding of 2,000 shares at £1 each, in an unnamed client, it
failed to perform adequate procedures to ensure there was a proper basis for the
valuation. HCW was reprimanded, fined £2,500 and ordered to pay costs of £3,701.
Andrew Pianca, chief executive of HCW, said it had made changes to
procedures. ‘We have accepted the institute ruling and additional checks have
now been built in to avoid repetition.’
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
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team