A review of the ICAEW’s internal controls is being led by president Ian
Morris, in a bid to make sure that the fiasco surrounding a contract awarded to
a training business owned by former deputy president Graham Durgan is never
Morris is looking at the arrangements for which preferred supplier contracts
are awarded, following the controversial award of the status to Emile Woolf
International, a training company in which Durgan has a majority stake.
Although no impropriety has been suggested, Durgan took the unprecedented
step of withdrawing his candidacy for president.
Former president Paul Druckman said he could not see the situation ‘ever
arising again’, but said a review needed to be undertaken ‘to make sure’.
Although council members were split on Durgan’s decision, they voted narrowly
against an attempt to dissuade him from resigning.
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
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group