The Financial Reporting and Review Panel will next week disclose how it is to run its investigations into company accounts, following its switch from following up complaints to proactively investigating industries.
The panel will release detailed operating procedures on 6 April that will allow investigators to ask companies for further information about their accounts, without it constituting a formal investigation.
The changes will also see panel groups established to look into specific issues that can arise out of company accounts. Its current work plan will see it investigating the accounts of companies in the automobile, transport, retail, utilities and pharmaceutical industries during 2005 and 2006.
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
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.