We think this is a good thing and I would expect it to have teeth, but I dont expect it to be a wholesale transplant from the U.S., said Michael Izza, chief executive of ICAEW, an accounting body. LONDON (Reuters) - Company directors would become personally liable for the accuracy of their financial statements under landmark proposals from Britains finance ministry next week to improve corporate behaviour, sources familiar with the plans said on Friday. It is expected to ask whether all directors of a company should be made equally responsible - currently the focus is on the chief executive and chief financial officers - raising risks for directors. Currently, liability for the accuracy of corporate financial statements rests with the company. LONDON, Feb 5 (Reuters) - Company directors would personally vouch for the accuracy of their financial statements under landmark proposals from Britains finance ministry next week to improve corporate behaviour, sources familiar with the plans said on Friday.
Trade finance bodies are being blamed for the inaccurate forecasts and losses.
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Trade finance bodies are being blamed for the inaccurate forecasts and losses .
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