Details of a plan to protect the UK from Sarbanes-Oxley
are set to be unveiled this week in the Queen’s Speech on Wednesday.
The Clearing House and Banking Bill – which should be in force within a year
– is designed to overcome fears that a London Stock
Exchange takeover by a US exchange could allow stringent US regulation to be
enforced in the UK, the Financial Times reported.
The bill, consisting of 12 clauses, is said to be politically
Economic secretary Ed Balls said it was government’s
‘agreed and clear intention’ to get the legislation on to the statute books as
quickly as possible.
Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)
"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
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season