The Nuclear Decommissioning Authority has been accused of failing to get a
grip on soaring costs.
These include costs for the next five years, which a Commons committee
chairman has claimed should be more predictable. The criticism comes as the
authority, responsible for sites including Hinkley Point A, searches for a chief
accountant to work on managing systems handling the authority’s annual budget.
Edward Leigh, chairman of the influential Public Accounts Committee,
commenting on a PAC report on decommissioning out today, put the latest total
estimate at £73bn a rise of 30% since 2003. ‘We cannot be confident that even
this figure will not be significantly upped,’ he warned.
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
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.