Simplifying local authority accounts could ease the audit crisis, but they must still retain meaning, writes CIPFA’s director of public financial management Iain Murray.
The Financial Reporting Council has fined accountancy firm Deloitte over material misstatements in the 2016 financial statements of outsourcing company Mitie.
The Financial Reporting Council is set to investigate the financial statements of a transport operator, after the company was at the centre of an accounting scandal.
Now is the time to reset current economic frameworks and consider what fiscal rules will guide government decision-making during the Covid-19 recovery phase, says Alex Metcalfe.
Analysis by the Charity Commission for England and Wales has found that 135 out of a sample of 296 charities failed to meet its external scrutiny benchmark in their financial reporting.
