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News digest 17/6/16: KPMG steps down as FIFA auditor

17 June 2016 by Henry Ker

KPMG steps down as FIFA auditor - read more

The latest governance stories in the news

KPMG steps down as FIFA auditor

KPMG has resigned as FIFA’s financial auditor, a decision which has been welcomed by the football governing body. It marks the end of a decade-long relationship with the audit firm, several months after KPMG said was reviewing its work with FIFA.

In a statement, FIFA said it ‘acknowledges the decision of KPMG to step down as FIFA’s auditor after more than a decade of service. FIFA welcomes this change as it gives the organisation the opportunity to work with a new audit firm, which will be appointed soon’.

It went on to say ‘FIFA President Gianni Infantino has initiated a comprehensive financial audit of FIFA's finance function including its processes and procedures. In light of the serious allegations involving financial transactions outlined by the Swiss and US authorities, it is essential that the financial function at FIFA be externally reviewed and thoroughly reformed. The appointment of a new auditor, coupled with the appointments of a new Chief Financial Officer and a new Chief Compliance Officer, are essential steps in this process.’

 

Call for tax breaks for sickness absence

Manufacturers have called for tax breaks to help tackle the UK’s chronic sickness absence problem.

This comes after research by the EEF, the manufacturers’ organisation, and Jelf, a medical insurance broker, found long-term sickness levels are up for 41% of those surveyed.

This matches the increase in the 2015 survey, which was the largest in five years. The survey also found 5% of the workforce were absent for a month or more. Manufacturers are currently spending around £600 million a year on sick pay, equating to £211 per employee.

The EEF claims that the NHS is not meeting employers’ needs for getting staff back into work. The research shows that 60% of manufacturers would pay for private treatment if those costs were offset. This would also free up resources for an over-burdened NHS.

 

Lord Coe accused of misleading Parliament on Russian doping

The IAAF President, Sebastian Coe, is expected to be recalled before parliament over allegations by a BBC Panorama investigation suggested he mislead MPs over what he knew about the Russian doping scandal.

The accusations centre around information he received in 2014 about allegations of a plot to blackmail a Russian athlete over blood results.

Jesse Norman, Chairman of the Culture, Media and Sport Select Committee, told BBC Radio 4’s Today programme: ‘I’d say it’s almost certain we’ll want to have Lord Coe back in front of the committee, I don’t want to get too far ahead of where the committee is going to be, but these are very serious matters.’

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