London, along with New York, Paris, Madrid and Moscow will now fight it out for the 2012 Olympic Games.
Confirmation of London’s candidacy gives Wood, alongside Barbara Cassani, the bid chairman, and chief executive Keith Mills, the mandate to get the capital’s bid firing on all cylinders.
Wood will now begin preparing a candidate file, which could run to 500 pages, including architectural drawings, detailed financial information, regeneration plans, underlying economics and underlying philosophy.
In December, Wood told Accountancy Age: ‘I will be pretty involved in all of this. There is a lot of financial information contained in these documents.
This must be submitted by 14 November 2004. In February or March 2005, an evaluation group from the IOC will come to London to interrogate the bid and will report back in May 2005.
On 6 July 2005 each city will be given one hour to make a presentation to the IOC’s 106 members who will then vote to choose a winner.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements