Lehman’s US chief financial officers were warned that the use of transactions
to remove tens of billions of dollars off its balance sheet would lead to ”
reputational risk” for the business if the deals came to light, a report
In the report of examiner Anton R Valukas, for the US Bankruptcy Court, it is
claimed that Lehman’s global financial controller Martin Kelly was concerned
that transactions used to remove assets off its balance sheet had no substance.
Kelly expressed these concerns to Lehman’s chief financial officers Erin
Callan and Ian Lowitt, alleged the report.
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
Smaller businesses could be excluded from government plans for making business transactions digital, found new research from ICAEW
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC