Councils are set to see a hike in the fees they pay to the Audit Commission,
as the public sector moves to International Financial reporting Standards.
The commission’s fees could go up by 33% for district councils and 22% for
The Audit Commission said the increases were still under discussion, but that
the shift in the rules to IFRS was the reason for any increase.
Robert Gordon, leader of Hertfordshire county council, said: ‘Inspections by
the Audit Commission determine whether local authorities are delivering value
for money. They should practise what they preach and ask themselves whether
these increases represent value for money for their services.’
Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)
"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
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day
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