Archive for the 'accounts' Category

Budget Responsibility and National Audit Act 2011 – legislation.gov.uk

Budget Responsibility and National Audit Act 2011 published

Full text of Act

Source: www.legislation.gov.uk

BAE radar verdict – Daily Telegraph

“BAE Systems will today be sentenced after pleading guilty to failing to keep accurate records of the sale of military radar to Tanzania, the African country that does not have an air force.”

Full story

Daily Telegraph, 20th December 2010

Source: www.telegraph.co.uk

Gloucestershire coroner’s law practice investigated – BBC News

“The Cheltenham law firm of Gloucestershire coroner Alan Crickmore has been closed following concerns over the way it was being run.”

Full story

BBC News, 9th December 2010

Source: www.bbc.co.uk

R (Veolia ES Nottinghamshire Ltd) v Nottinghamshire County Council (Shlomo Dowen and The Audit Commission for Local Authorities and the National Health Service for England, interested parties) – WLR Daily

R (Veolia ES Nottinghamshire Ltd) v Nottinghamshire County Council (Shlomo Dowen and The Audit Commission for Local Authorities and the National Health Service for England, interested parties) [2010] WLR (D) 273

“The right of ‘persons interested’ under section 15(1) of the Audit Commission Act 1998 to inspect the accounts to be audited and all books, deeds, contracts, bills, vouchers and receipts relating to them did not stretch, on the facts, to examination of commercially sensitive material which was protected by art 1 of the First Protocol of the European Convention for the Protection of Human Rights and Fundamental Freedoms.”

WLR Daily, 2nd November 2010

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.

NHS software saga will see former directors in court – BBC News

The City regulator has started criminal proceedings against four former directors of UK-based healthcare software company iSoft.

Full story

BBC News, 6th January 2010

Source: www.bbc.co.uk

Bar Council accuses CPS of ‘Alice in Wonderland accounting’ – Law Society’s Gazette

“The Bar Council accused the Crown Prosecution Service of ‘Alice in Wonderland accounting’ this week over the CPS’s claim to have saved millions using its own lawyers rather than external advocates.”

Full story

Law Society’s Gazette, 30th July 2009

Source: www.lawgazette.co.uk

Crown Prosecution Service accused of ‘Alice in Wonderland’ accounting – Daily Telegraph

“The CPS said it had spent £11.5 million less in 2008/09 and £17.1 million less the previous year by using its own lawyers for prosecutions rather than hiring outside barristers.”

Full story

Daily Telegraph, 27th July 2009

Source: www.telegraph.co.uk

Bar Council Publishes Annual Report – The Bar Council

“The Bar Council has today (13 June) published its Annual Report and Accounts, setting out its achievements and financial data for 2008.”

Full story

The Bar Council, 13th June 2009

Source: www.barcouncil.org.uk

Legal fees to be squeezed under new accounting rules – The Times

“Commercial lawyers already under pressure to reduce fees as the market worsens are facing a new challenge with the introduction of new accounting rules governing M&A transactions.”

Full story

The Times, 20th November 2008

Source: www.timesonline.co.uk

Watchdog to investigate XL auditors – The Guardian

“The auditors of the collapsed tour operator XL Leisure are to be investigated by the profession’s disciplinary watchdog after a request from Britain’s largest accountancy institute.”

Full story

The Guardian, 16th October 2008

Source: www.guardian.co.uk

Oxford Legal Group Ltd v Sibbasbridge Services plc and Another – Times Law Reports

Oxford Legal Group Ltd v Sibbasbridge Services plc and Another

Court of Appeal

“The court could refuse to enforce the right to inspect a company’s accounts, not only where the purpose for which the inspection was sought was to injure the company, but also where the purpose was improper.”

The Times, 15th May 2008

Source: www.timesonline.co.uk

Please note the Times Law Reports are only available free on Times Online for 21 days from the date of publication.

The Oxford Legal Group Ltd v Sibbasbridge Services Plc and Another – WLR Daily

The Oxford Legal Group Ltd v Sibbasbridge Services Plc and Another [2008] EWCA Civ 387; [2008] WLR (D) 121

“The court would refuse to enforce the right of a director to inspect a company’s accounts pursuant to s 222 of the Companies Act 1985 where the purpose of the proposed inspection was to injure the company or was improper.”

WLR Daily, 21st April 2008

Source: www.lawreports.co.uk

Please note once a case has been fully reported in one of the ICLR series the corresponding WLR Daily summary is removed.


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