An ICAEW member and former FD of Aero Inventory has been excluded from the profession for three years following a Financial Reporting Council (FRC) disciplinary investigation.
The most recent ICAEW disciplinary report read like a 90’s thriller, involving an uncut Ruby gemstone known as ‘the gem of Tanzania’ and a disgraced financial director.
The ICAEW is calling for a ten year root and branch review of HMRC, to cover its service standards, culture and governance structure.
The ICAEW has told the International Accounting Standards Board (IASB) to broaden its conceptual framework for financial reporting.
The ICAEW has confirmed that it’s investigating a potential conflict of interest after Leeds’ results for 2013-14 were audited by a firm with family links to the club’s chairman.
The accountancy profession is missing a trick by not focusing on the opportunity to provide advice around the new pensions freedom regime, according to ICAEW experts.
HMRC should agree standards for customer service, answer calls quicker and make sure there are enough staff to deal with complex tax queries.