The council's resources and audit committee said it took a zero tolerance approach to fraud.

BBC: Tayside and Central Scotland

Kehoe and Dale Hart, his deputy, vow to revamp the audit process and shift resources into audits of shelters, partnerships, trusts, limited liability companies and high-income returns.

FORBES: U.S. tax rackets

That said, relief from the one-size-fits-all audit requirement does allow companies to defer meaningful expense while allowing management discretion over when and how to deploy resources on the controls that matter most.

FORBES: On Its One-Year Anniversary, Two Cheers For The JOBS Act