Former City minister to face Lords audit inquiry
Lord Myners to appear before Lords economic affairs committee
Lord Myners to appear before Lords economic affairs committee
FORMER financial servicers secretary Lord Paul Myners is to appear before a Lords committee to answer question on audit and its role in the banking crisis.
The Lords economic affairs committee announced today that Lord Myners would be questioned on Tuesday next week. The peer played a key role during the crisis and in 2009 faced criticism from the Commons Treasury committee accusing him of failing to police banking bonuses properly.
He was City minister from October 2008 to May 2010.
The Lords committee will also hear from Steve Cooper of the International Accounting Standards Board who will be questioned on the role of standards in the crisis alongside roger Marchal of the UK Accounting Standards Board and academic Prof David Myddelton.
Observers believe the committee has become hostile to international standards after hearing from academics earlier in the inquiry.
More about:
The numbers you crunch tell a story. Your expertis...
13yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThere is usually a silver lining to every dark cloud, and the one hanging over the UK accounting sector is no exception, says Leon Kamhi, Head of Resp...
View articleUnstructured, broader, real-time data - and who wants to use that information - is having a massive impact on the direction of travel for the audit pr...
View articleLucrative GSK audit shifts to Deloitte from PwC Read More...
View articleHMRC receives highest number of complaints in seven years; Deloitte scoops BP and Centrica audits; and corporate reporting under the microscope in our...
View articleBDO has scooped the audit role from Deloitte who were the previous auditors for Game Digital Read More...
View articleBDO’s investments in digital, its international network and culture meant it was “perfectly placed” to succeed, according to new managing partner Paul...
View articleHead of editorial Kevin Reed discusses the accountants in the new cabinet; the FRC's report into audit market concentration; and the Top 40 Internatio...
View articleThere are a few key considerations for auditors as they plan upcoming interim reviews and year end audits in light of the Brexit vote Read More...
View article