A new committee which will recommend changes to corporate governance rules
brought in under the 2002 Sarbanes-Oxley Act, is due to be unveiled this week.
The changes will be recommended over concerns that Sarbox is hindering the
competitiveness of US capital markets, The Wall Street Journal
The group – The Committee on Capital Markets Regulation – will be chaired by
former White House economic adviser Glenn Hubbard and former Goldman Sachs
president, John Thornton, the paper said.
It will coordinate its efforts with new US Treasury secretary Henry Paulson
and plans to submit its recommendations by the end of November.
Smaller businesses could be excluded from government plans for making business transactions digital, found new research from ICAEW
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