The clearest possible signals emerged that NHS accounts would be unqualified despite some obstacles remaining still to be overcome.
That said, one of the major stumbling blocks, delays in processing prescriptions at the Prescription Pricing Authority, seem to be near solution as it became clear the Audit Commission was willing to accept compromise proposals.
The Commission is now said to be happy with a ‘degree of estimation’ when health authorities work out their prescription expenditure.
Meanwhile KPMG has launched into the Audit Commission and its arms-length agency District Audit.
The Big Five claims the amount of work done by District Audit for the Commission should be cut by and third and the market opened up to private firms.
KPMG also claims the future of public sector audit is under threat because District Audit does not train enough people, preferring instead to maximise income by using short-term contract workers, some of whom come from overseas.
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
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
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
Company bosses are considering relocating operations or headquarters away from the UK following the country's decision to leave the European Union