In a report leaked to the Financial Times, auditor VK Shunglu said the IMO accounts revealed weaknesses in expenditure controls that led to spending exceeding budget by £195,000.
And the auditor said the IMO’s contract with the UK government to lease its HQ on the banks of the River Thames was likely to commit the organisation to large outlays in the future.
Shunglu recommended in the report ways in which the body could change the way it operates to cut costs. According to the FT, this includes reviewing business-class transatlantic flight arrangements.
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