BusinessCorporate FinanceAccounts investigators reveal new procedures

Accounts investigators reveal new procedures

Financial Reporting and Review Panel is to disclose how it will run investigations into company accounts.

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.

Link: Time Warner pays $300m penalty after SEC inquiry

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.

Related Articles

Grant Thornton recruits new corporate finance partner

Accounting Firms Grant Thornton recruits new corporate finance partner

10m Emma Smith, Managing Editor
Total fraud value at £2bn five-year high, finds BDO

Accounting Firms Total fraud value at £2bn five-year high, finds BDO

11m Stephanie Wix, Writer
MHA MacIntyre Hudson appoints corporate finance director

Accounting Firms MHA MacIntyre Hudson appoints corporate finance director

11m Stephanie Wix, Writer
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
KPMG announces senior partner promotion in Newcastle

Accounting Firms KPMG announces senior partner promotion in Newcastle

11m Stephanie Wix, Writer
Independent city firm reports 70% growth

Accounting Firms Independent city firm reports 70% growth

11m Stephanie Wix, Writer
Tax avoidance crackdown sees 80% jump in additional HMRC revenue

Accounting Firms Tax avoidance crackdown sees 80% jump in additional HMRC revenue

11m Stephanie Wix, Writer
Making Tax Digital: the "unexpected item in the bagging area"

Accounting Standards Making Tax Digital: the "unexpected item in the bagging area"

11m Stephanie Wix, Writer