Fannie Mae, the US government-backed mortgage company fined $400m (£212m) by
the Office of Federal Housing Enterprise Oversight and the Securities &
Exchange Commission for accounting irregularities, will no longer be
investigated or have charges filed against it by the US Attorney.
‘We will continue to work closely and cooperatively with our regulators as we
move forward to carry out the terms of our agreements, complete our restatement
and build a better company,’ said Daniel Mudd, Fannie Mae’s president and CEO.
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
Smaller businesses could be excluded from government plans for making business transactions digital, found new research from ICAEW
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