Business and Other Briefings
FSA: The Financial Services Authority (FSA) has published Market Watch 25, which focuses on firms' reviews of their systems and controls in light of the Société Générale (SG) 'rogue trader' incident. Market Watch highlights the measures firms should consider when reviewing the systems & controls which protect them against 'rogue trader' risk.
Amongst other areas, Market Watch looks at:
*Front office culture & governance, in particular are traders encouraged to take two-week continuous holidays, and appropriate segregation of front office staff from middle and back office functions
* The use of suspense accounts;
* The quality of management information, both routine & outside normal parameters; and
* Elementary IT precautions, such as whether access to systems is password dependent
HMRC: Revenue & Customs 17/08
This Brief gives details of an article: Fuel for Road Vehicles - changes to some vehicle categories from 1 April 2008.
This Brief gives details of an article: Valuation of imported goods: Customs valuation declarations and general valuation statements.
