A sweeping shake-up at the Financial Services Authority will see new staff
brought in from the top accountancy firms.
The City watchdog will instigate a clearout at its enforcement division by
making redundancies, but has recruited employees from top accounting and legal
firms to join the streamlined department, The Daily Telegraph
An FSA spokeswoman said the new appointments included recruits from outside
the Big Four.
The shift has been made in order to focus on the FSA’s designs to take a more
After the redundancies and the new appointments, there will be a 20% net
reduction in staff numbers, but the division will still operate on the same
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
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group