The European Union is to force all organisations that receive assistance from local and central governments for supplying public services to produce separate accounts for this element of their business. European Commission officials approved the reform to EU accounting regulations following consultation with EU member states to crackdown on anti-competitive behaviour. It will amend the EU Transparency Directive and force organisations to split such activities in their accounts from normal commercial activities. Competition commissioner Mario Monti said: ‘Such separation of internal accounts will make the costs of the public service obligations more apparent and provide the Commission with the data to examine complaints about alleged over-compensation of public service costs and cross-subsidisation of commercial activities.’
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel