Earlier this week, Tory shadow treasury chief secretary Howard Flight, accused the government of using Enron-style accounting practices to get more than £26bn in PPP and PFI financing off its balance sheet.
But Boateng, in a letter to the FT claimed public sector comparators used to assess PFI deals were not ‘fudged’ and said ‘the PSC process has repeatedly satisfied independent audit bodies’.
He added: ‘We have rebuilt Britain’s finances in a way that leaves no need for the balance-sheet wizardry suggested by Mr Flight.’
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.