9am Lowdown: FRC, Deloitte and HMRC

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Welcome to the middle of the week. Here’s today’s 9am Lowdown.

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In the news

The Financial Reporting Council has agreed to publish a register of employees’ interests after it came under criticism for being staffed by people who formerly worked for auditors. (Daily Mail)

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Hacked Big Four firm Deloitte was a ‘sitting duck’, according to IT experts. (The Register)

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Partner at accounting firm Blick Rothenberg has called the new simple assessment system being rolled out by the government ‘unworkable’. (The Telegraph)

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HMRC has revised its IR35 guidance at public gigs due to “feedback” from those trying to understand the rules since they were introduced in April. (Contractor UK)

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New on AccountingWEB

Rebecca Cave examines HMRC’s new simple assessment guidance, and finds it raises more questions than it answers.

Neil Warren considers the key issues in the case of NT Advisors Partnership, which claimed input VAT on barrister fees linked to tax avoidance schemes.

On the blogs Philip Fisher reviews Dame Margaret Hodge’s new book ‘Called to Account’.

And on the industry updates page webexpenses look at how to get the most from half-year financial reports.

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Contributions from the AccountingWEB.co.uk editorial team.


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