NAO to probe FCA over its effectiveness

Regulatory Bodies NAO to probe FCA over its effectiveness

8m Greg Noble

NAO to probe FCA over its effectiveness

The review is understood to include examining the FCA’s governance, strategy, and culture and well as its approach to regulating diverse types of firm...

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Mazars: ‘Accounting issue’ to blame for local authority audit delays

Audit Mazars: ‘Accounting issue’ to blame for local authority audit delays

1y Sam Alberti

Mazars: ‘Accounting issue’ to blame for local auth...

Challenges with the valuation of infrastructure assets have proven to be a key barrier for audit firms Read More...

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SAIs: strengthening the government audit function internationally

Governance SAIs: strengthening the government audit function internationally

4y Salema Hafiz, CIPFA, International Acting Divisional Director

SAIs: strengthening the government audit function ...

SAIs are essential for good governance in any country. In addition to holding their government to account by scrutinising the legality and accuracy of...

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NAO report: record customer saving levels despite austerity pressures

Audit NAO report: record customer saving levels despite austerity pressures

8y Fraser Simpson, Reporter

NAO report: record customer saving levels despite ...

The NAO has made record financial savings for the taxpayer, equivalent to £19 saved for every pound spent, according to its annual report Read More...

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HMRC lacks 'the capability' to deal with Aspire switchover, NAO finds

Politics HMRC lacks 'the capability' to deal with Aspire switchover, NAO finds

8y Fraser Simpson, Reporter

HMRC lacks 'the capability' to deal with Aspire sw...

The NAO has highlighted the risks of HMRC's Aspire-Columbus switchover in a new report Read More...

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NAO report highlights lessons for HMRC’s future digitalisation plans

Accounting Standards NAO report highlights lessons for HMRC’s future digitalisation plans

8y Fraser Simpson, Reporter

NAO report highlights lessons for HMRC’s future di...

HMRC's customer service has been slammed by the NAO, with critics adding that taxpayers have been "short changed" by the government department Read Mo...

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FRC appoints NAO’s Mike Suffield as director of audit quality

Audit FRC appoints NAO’s Mike Suffield as director of audit quality

8y Calum Fuller, Reporter

FRC appoints NAO’s Mike Suffield as director of au...

Mike Suffield joins FRC having spent 21 years with NAO Read More...

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Error in Department for Education’s financial statements ‘material and pervasive’

Accounting Standards Error in Department for Education’s financial statements ‘material and pervasive’

8y Calum Fuller, Reporter

Error in Department for Education’s financial stat...

National Audit Office report critical of Department for Education's financial statements, amid huge expansion of academies across England Read More...

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NAO: Accounting officers champion ministers' interests over the public

Audit NAO: Accounting officers champion ministers' interests over the public

8y Calum Fuller, Reporter

NAO: Accounting officers champion ministers' inter...

Accounting officers face greater pressure from ministers than taxpayers, risking value for public money, NAO finds Read More...

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NAO: Tax fraud costs £16bn per year

Corporate Tax NAO: Tax fraud costs £16bn per year

8y Calum Fuller, Reporter

NAO: Tax fraud costs £16bn per year

HMRC needs to better prioritise the cases in which it pursues criminal investigation, the National Audit Office found in its latest report Read More...

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Outsourced HMRC IT tax credit system saves just £500,000

Personal Tax Outsourced HMRC IT tax credit system saves just £500,000

9y Calum Fuller, Reporter

Outsourced HMRC IT tax credit system saves just £5...

Synnex-Concentrix UK saves HMRC just £500,000. Accountancy Age revealed in March that system problems saw staff do no work for three months Read More...

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WGAs qualified by NAO but wins praise for timely publication

Audit WGAs qualified by NAO but wins praise for timely publication

9y Chris Warmoll, Writer

WGAs qualified by NAO but wins praise for timely p...

The Treasury's fifth such set of accounts consolidates the financial activities of 5,400 organisations from across the UK public sector Read More...

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HMRC has made great strides, says NAO

Corporate Finance HMRC has made great strides, says NAO

9y Calum Fuller, Reporter

HMRC has made great strides, says NAO

NAO report finds HMRC has made significant progress in maximising revenue and making sustainable cost savings over the past five years Read More...

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Hodge: More thorough accounting required for tax reliefs

Corporate Tax Hodge: More thorough accounting required for tax reliefs

9y Calum Fuller, Reporter

Hodge: More thorough accounting required for tax r...

Public Accounts Committee chairwoman calls for better monitoring of the performance of tax reliefs Read More...

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NAO: Treasury and HMRC ‘lack framework’ for tax reliefs

Corporate Tax NAO: Treasury and HMRC ‘lack framework’ for tax reliefs

9y Calum Fuller, Reporter

NAO: Treasury and HMRC ‘lack framework’ for tax re...

NAO finds Treasury and HMRC do not adequately monitor effectiveness of tax reliefs Read More...

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NAO to audit HMRC projections following sums error

Corporate Tax NAO to audit HMRC projections following sums error

10y Calum Fuller, Reporter

NAO to audit HMRC projections following sums error

National Audit Office to examine HMRC projections following sums error Read More...

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HMRC got sums wrong – NAO

Corporate Tax HMRC got sums wrong – NAO

10y Calum Fuller, Reporter

HMRC got sums wrong – NAO

HMRC admits errors in estimating effectiveness of compliance drive Read More...

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ICAS members knighted in Queen's Birthday Honours List

People In Practice ICAS members knighted in Queen's Birthday Honours List

10y Kevin Reed, Writer

ICAS members knighted in Queen's Birthday Honours ...

Amyas Morse and Ewan Brown knighted Read More...

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Analysis: The PAC and the merits of tax reliefs

Corporate Tax Analysis: The PAC and the merits of tax reliefs

10y Andrew Goodall

Analysis: The PAC and the merits of tax reliefs

Andrew Goodall reflects on the Commons public accounts committee inquiry into UK tax reliefs Read More...

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NAO to scrutinise tax reliefs after critical report

Corporate Tax NAO to scrutinise tax reliefs after critical report

10y Calum Fuller, Reporter

NAO to scrutinise tax reliefs after critical repor...

National Audit Office finds greater evaluation of impact of tax reliefs is required Read More...

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HMRC and Treasury not sure if Gift Aid helps charities

Corporate Tax HMRC and Treasury not sure if Gift Aid helps charities

10y Calum Fuller, Reporter

HMRC and Treasury not sure if Gift Aid helps chari...

NAO finds neither the Treasury nor HMRC know whether Gift Aid have had a material impact on charities Read More...

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Auditor general disagrees with MoD accounting

Accounting Standards Auditor general disagrees with MoD accounting

11y Rachael Singh, Writer

Auditor general disagrees with MoD accounting

Comptroller and auditor general qualifies accounts for fourth year after disagreements on impairment and lease charges Read More...

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HMRC foregoes £950m in PAYE amid system overhaul

Personal Tax HMRC foregoes £950m in PAYE amid system overhaul

11y Calum Fuller, Reporter

HMRC foregoes £950m in PAYE amid system overhaul

Some £950m in PAYE forgone by HM Revenue & Customs during system overhaul Read More...

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NAO concerned over HMRC's real-time PAYE tracking systems

Corporate Tax NAO concerned over HMRC's real-time PAYE tracking systems

11y Kevin Reed, Writer

NAO concerned over HMRC's real-time PAYE tracking ...

Amyas Morse wants the taxman to better track the financial data associated with its real-time PAYE filing system Read More...

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NAO qualifies local government accounts

Audit NAO qualifies local government accounts

11y Richard Crump, Writer

NAO qualifies local government accounts

Department for Communities and Local Government accounts qualified following spending breaches Read More...

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Court strikes down HMRC/Goldman Sachs ‘sweetheart’ deal challenge

Corporate Tax Court strikes down HMRC/Goldman Sachs ‘sweetheart’ deal challenge

11y Calum Fuller, Reporter

Court strikes down HMRC/Goldman Sachs ‘sweetheart’...

UK Uncut's legal challenge against HMRC's 2010 tax settlement with Goldman Sachs is thrown out by the High Court Read More...

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HMRC struck Goldman Sachs ‘sweetheart’ deal to “save face”

Corporate Tax HMRC struck Goldman Sachs ‘sweetheart’ deal to “save face”

11y Calum Fuller, Reporter

HMRC struck Goldman Sachs ‘sweetheart’ deal to “sa...

HMRC struck deal with Goldman Sachs in order to save the chancellor "major embarrassment", a court hears Read More...

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