It’s usually quite a big deal when a major trade industry body has a row with the Government over policy, but it’s even more serious when two of them do!
Review Period: May 2016
I don’t know what it is but it seems like the instances of accounting fraud are spreading like wildfire in the UK, only to be followed by the rest of the globe.
Her Majesty’s Revenue & Customs has finally had it with larger businesses getting away with murder when it comes to underpayment on their tax burdens.
This week it’s been abundantly clear that accountants are ending up not just on one side of the courtroom but the other as both plaintiffs and defendants.
Accountants are a highly complicated lot , as two conflicting research studies have revealed that they’re both the happiest and the most stressed right now.
Nowadays it seems you can’t go a week without hearing about how the reputation of yet another accountancy firm has gone up in smoke – or in one case up a nose!
This week, the US has slapped down the Chinese units of 4 major accountants – while the UK gets a former banking exec as chair of the FRC.
This week marks just another one where industry watchdogs have been simply going wild by ripping apart the actions of accountancy firms for wrongdoing.
This week, the news is simply full of stories about British accountants finding themselves landing in hot water both here and in the US.
As if the news from last week wasn’t bad enough, there seems to be a growing trend of accountants finding themselves in extremely hot water.