FSA outlines latest steps to address corporate governance at firms

The Financial Services Authority (FSA) has today issued a Consultation Paper (CP) on effective governance standards within firms.

Tax Group warning over 'code mistake'

HM Revenue and Customs (HMRC) are being urged to do more to alert people that they may have been sent the wrong tax code.
The Chartered Institute of Taxation (CIOT) is calling on HMRC to be proactive and mount a publicity campaign to highlight that wrong information is being sent out to huge numbers of people that, unless corrected, may cost them hundreds of pounds.

The Audit Firm Governence Code

With a committee chaired by Norman Murray, the introduction to this publication states:
The Audit Firm Governance Code (the Code) is intended to assist in promoting continuing confidence and choice in the market for the audit of listed companies and should be relevant to everyone who sees audit as playing a vital role in a market economy. The primary purpose of the Code is to provide a formal benchmark of good governance practice against which firms which audit listed companies can report for the benefit of shareholders in such companies.

CBI reacts to Obama bank regulation plan

Responding to the announcement by US President Barack Obama to make major regulatory reforms to the banking sector, Richard Lambert, CBI Director-General, said:
"A unilateral move of this nature undermines the considered G20 approach for effective global reform."