BILL KNIGHT, chairman of the Financial Reporting Review Panel, is to review the Financial Services Authority’s tardy report into the collapse of RBS.
The former city lawyer and senior partner at Simmons & Simmons will investigate alongside Sir David Walker, a senior adviser at Morgan Stanley, the Financial Times reports.
Questions have been raised about the lateness of the report and the FSA’s rigorousness in examining its own part in the proceedings.
The FSA had initially promised the finished inquiry in March; the two respected figures are expected to hasten its publication, as well as making their own comments on the proceedings.
Accused of too light a touch in its dealings with the collapsed bank, critics have questioned how management’s poor decisions went unchallenged by the FSA at the height of the financial crisis.
Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)
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
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.