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Confessions of a private investigator

Article Abstract:

Section 447 of the Companies Act authorizes UK's Department of Trade and Industry (DTI) to make confidential and unannounced inspections of the books and records of companies suspected of misconduct. S 447 allows the DTI to look into charges of irregularities or malpractice without harming the reputation of the investigated company. If the DTI finds no evidence to substantiate allegations of misconduct, the enquiry process comes to a close. However, it is often the case that information collected from these investigations serves as basis for further enquiries by the department itself or by other regulatory agencies. The DTI can go as far as petition the High Court to authorize the winding up of any company it has investigated.

United Kingdom, Investigations, Corporations, Commercial crimes, Corporations, British

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Matters raised by the DTI arising from accounts and reports filed with the registrar of companies

Article Abstract:

Several issues regarding the accounts and reports filed with the registrar of companies were brought to the attention of the Institute of Chartered Accountants in England and Wales by the Department of Trade and Industry. These issues include consolidated accounts, associated undertakings, filing of the annual return, clarity of documents delivered to the Companies House, abbreviated accounts, and late filing of accounts. Firms having problems in complying with the Companies Act of 1989 may take advantage of seminars and roadshows organized by the Companies House.

Management, Conferences, meetings and seminars, Business enterprises, Business registration, United Kingdom. Companies Registration Office

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The Institute as a recognised qualifying body

Article Abstract:

The Institute of Chartered Accountants in England and Wales has been granted Recognised Qualifying Body status by the Department of Trade and Industry (DTI). The ruling means that all practising Institute members, subject to work experience requirements in some cases, shall be considered as having an audit qualification recognized by the Secretary of State. The DTI ruling specifies a prerequisite of a minimum of three years experience under the supervision of a qualified auditor, or a minimum of one year audit experience.

Professional organizations, Standards, Occupational licensing boards

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