On Monday the week got off to a bad start for embattled SEC chairman Harvey Pitt as he faced calls for his resignation from the chief architect of the Sarbanes-Oxley Act, following the appointment of William Webster as head of the new accountancy oversight board.
There was good news for social reporting as prime minister Tony Blair threw his weight behind moves to encourage companies to be more socially responsible.
And the creation of global accounting standards looked a little closer after the US-based Financial Accounting Standards Board and the International Accounting Standards Board agreed to co-operate on convergence.
On Wednesday a backbench MP broadened the debate on ‘green reporting’ by proposing a new watchdog to oversee environmental disclosure ahead of the Queen’s speech next month, while fans of Leicester City FC found out they would have to wait a further two weeks before they get to hear any more news about the future of their football club
Technology company Lucent benefited from an astonishing $1bn (£600m) tax rebate from the US government.
Friday saw the week end much as it had begun for SEC chairman Harvey Pitt, as he faced a battle to hold onto his position after an inquiry was launched into the appointment of William Webster as head of the body’s accountancy oversight committee, while the noose tightened around ex-Enron FD Andrew Fastow as he faced 78 charges of fraud in relation to the collapse of the once-might energy giant.
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