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BIZBBC News

Audit regulator looking into Manchester City accounting

Photo: BBC

The UK audit regulator has confirmed it is leading inquiries into accounting irregularities at Manchester City.

The Financial Reporting Council confirmed in a letter to the House of Commons business select committee it had taken over "regulatory consideration" of the case from the Institute of Chartered Accountants in England and Wales on 30 September.

No formal investigation has started, but the FRC is making inquiries into the case.

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BIZThe Guardian

United Airlines CEO faces rightwing backlash after calling for US wealth tax

Scott Kirby says wealth inequality is a ‘danger to society’ and calls for inheritance tax in recent interview Scott Kirby, the CEO of United Airlines, is under scrutiny from conservative politicians and commentators for saying wealth inequality is a “danger to society” and calling for a national wealth and inheritance tax in a recent interview. Talking to the New York Times , Kirby was asked about the growing public distrust of CEOs and whether he felt any responsibility to quell that distrust.

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