Overhaul The Companies Act And Various Revisions For SME’s

Remove the requirement for SME's that are largely or principally owner-managed to have an annual accounts audit.

Remove the requirement for SME's that are largely or principally owner-managed to have to make an annual return to Companies House.

Remove the requirement for SME's that are largely or principally owner-managed to have to file annual accounts.

Remove the requirement for SME's that are largely or principally owner-managed to have to have their information publicly displayed.

 

Why is this idea important?

Remove the requirement for SME's that are largely or principally owner-managed to have an annual accounts audit.

Remove the requirement for SME's that are largely or principally owner-managed to have to make an annual return to Companies House.

Remove the requirement for SME's that are largely or principally owner-managed to have to file annual accounts.

Remove the requirement for SME's that are largely or principally owner-managed to have to have their information publicly displayed.

 

Regulate Auditor Expenses

I find it bizarre that the huge amount of publicity given to MPs making false expenses never got extended to the Big 4 audit firms who audit government bodies and bill them their expenses. These firms are given a similar responsibility and take advantage of this position when billing for expensive meals, alcohol and even strip clubs.

I can almost guarantee that in their expense bills there will be amounts that should not be claimed that are ultimately being paid by the tax payer. Similarly for none government businesses it is time that they were prevented from passing on fake expenses and costs that should not be incurred by the business.

Its time these firms had their expenses fully reviewed by an independent body whenever they bill them on to businesses to ensure that they do not take advantage of their position.

Why is this idea important?

I find it bizarre that the huge amount of publicity given to MPs making false expenses never got extended to the Big 4 audit firms who audit government bodies and bill them their expenses. These firms are given a similar responsibility and take advantage of this position when billing for expensive meals, alcohol and even strip clubs.

I can almost guarantee that in their expense bills there will be amounts that should not be claimed that are ultimately being paid by the tax payer. Similarly for none government businesses it is time that they were prevented from passing on fake expenses and costs that should not be incurred by the business.

Its time these firms had their expenses fully reviewed by an independent body whenever they bill them on to businesses to ensure that they do not take advantage of their position.

Council auditors should be able to audit charity accounts

Many councils (particularly parish councils) are trustees of charities.  At present Council  auditors can't audit these charity accounts because they have no power to sign the required charity audit declaration, so councils have to get their charity accounts separately audited.

Give Council auditors the power to audit any charitiies for which the Council is a trustee and do this at the same time as the Council audit.

  

Why is this idea important?

Many councils (particularly parish councils) are trustees of charities.  At present Council  auditors can't audit these charity accounts because they have no power to sign the required charity audit declaration, so councils have to get their charity accounts separately audited.

Give Council auditors the power to audit any charitiies for which the Council is a trustee and do this at the same time as the Council audit.

  

Stop FMSIS

State schools are subject to audit by the local authority, the district audit and Ofsted.  Why do we need FMSIS.  What is the purpose of this? 

Why is this idea important?

State schools are subject to audit by the local authority, the district audit and Ofsted.  Why do we need FMSIS.  What is the purpose of this? 

Stop Public Sector Spending on Common Purpose

All public sector organisations and quangos should be banned from procuring any training services from the "leadership development" charity, Common Purpose, at least until a full public inquiry and audit of the organisation's activities has been conducted.

Why is this idea important?

All public sector organisations and quangos should be banned from procuring any training services from the "leadership development" charity, Common Purpose, at least until a full public inquiry and audit of the organisation's activities has been conducted.