Two weeks ago Brendan Neiland, head of the RA, resigned after the discovery of an unauthorised bank account and a pattern of transactions involving £80,000 that were not properly documented, The Independent reported.
David Gordon, the former chief executive of The Economist and former secretary of the Royal Academy, who left after clashing with its president, Philip King said the RA was suffering from ‘a chronic case of poor governance and will therefore go from crisis to crisis until there is a fundamental reform and modernisation of its constitution’.
In 1997, Trevor Clark, the RA’s bursar, was jailed for five years after stealing almost £400,000.
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