Tesco FD Laurie McIlwee has revealed that the grocery giant has received an
apology for an investment note put out by investment bank Citi.
The note reportedly questioned the retailer’s accounting policies suggesting,
according to the Daily Telegraph, that Tesco could be lower if it used the same
policies as other supermarkets.
The paper reports McIlwee saying the note suggested that internationally
accepted practices were in fact Tesco’s own policies. McIlwee is quoted saying
he did not ask for a retraction.
Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day
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
Long-serving PwC director Fiona Westwood has moved to Smith & Williamson and stepped up to partner