The chief executive of the London Development Agency has said that the
accounting problems at the agency are historic and that it is putting new
measures in place to prevent further issues.
Manny Lewis said in an
in the FT today: ‘Those processes and procedures were less strong
historically, but they have been improved dramatically with the new ways of
working we implemented from 2006 onwards.
‘The agency is now unrecognizable to the one that existed when most of the
projects that they are criticizing now were [started].’
The agency has been accused of being the London mayor Ken Livingstone’s piggy
bank, while Deloitte has delivered a damning verdict on the controls in place to
monitor the success of certain projects.
New measures for checking the delivery of projects are set to be put in
place, Lewis says in the interview, and were put to the board yesterday.
Livingstone himself launched an attack on Deloitte’s
report on Tuesday, saying that ‘accountants aren’t the best people to make a
value judgment about what is good art.’
"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
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed