Millions are set to be earned by the Big Four firms because the Financial
Service Authority has turned to external advisers to help monitor the management
of City institutions.
The Times reports the fees are earned through the FSA commissioning
‘skilled persons reports’ and that the work has increased five-fold this year.
The reports are paid for by the banks, or other financial institutions, after
being compelled to commission them by the City watchdog.
The Times says that many of the reports focus on the conduct and
competence of management.
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
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