Volcker expressed disappointment that the SEC has pulled away from plans to stop sophisticated tax work from being done for clients by their auditors. The plans were dropped after the Big Four lobbied the SEC earlier this year against the move.
Speaking to the FT, Volcker said that by doing such aggressive tax planning, accounting firms could breach the maxim that they should not audit their own work.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements