In an exclusive interview with AccountancyAge.com, Muis, a former senior partner with Ernst & Young who rooted out corruption while working for the World Bank, issued a clear warning about what would be expected of the heads of the commission’s directorates.
‘We would want the director generals to not just be the first line of defence, but also the main line of attack and know how to run their businesses properly and take responsibility for the financial statements, and not to point the finger at anonymous figures,’ he said.
Internal audit has undergone wholesale change at the commission following Neil Kinnock’s recommendations for financial control and the appointment of new president Romano Prodi.
Muis is two months into his new job and comes with a tough reputation following his appointment of 120 accountants to the World Bank to overcome its problems.
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has 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
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