Accountancy changes on way - papers 6 February

Chancellor Gordon Brown has ordered a review of the accounting industry according to The Times today, following developments in the Enron scandal. The paper quotes sources within the Treasury saying the review was one of the first acts ordered following Brown's return after taking time off following the death of his daughter last month. The Treasury was ordered to find out whether an Enron-style bankruptcy could occurr in the UK. This is likely to result in close scrutiny of the way accountancy firms do business with their clients. The Treasury is also expected to liaise ...