The former chairman of the US Federal Reserve Bank is said to be supporting the appointment of John Biggs, the pension fund executive, to lead the new US public accounting oversight body, according to the FT.
But Harvey Pitt’s leadership of the US Securities & Exchange Commission has been thrown into disarray after some Republicans and the White House expressed reservations about the appointment of Biggs due to the feeling that he has a too hard-line approach.
Before this emerged, Pitt was poised to appoint Biggs to the post, but he has since been forced into stating that Biggs had not yet been offered the job.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned