The accountancy sector has always been subject to rather tight regulatory practices – but now as the landscape evolves and changes, is it for good or for ill?
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Well it’s finally come to light: accountancy firms in the UK are woefully behind the times in a number of ways, according to some recent news stories this week.
This week, not one but two major accountancy firms have been called on the carpet for their poor behaviour, and as far as I’m concerned it’s about damned time.
This week, outrage over WHSmith’s mishandling of its pensions liabilities has led to a new call for pensions accounting reform across the industry.
The UK has been dragging its feet on new EU accounting rules, but now the playing field seems to have changed dramatically over the course of the last week.
It seems the taxman can’t seem to get much right nowadays, whether it be hunting down tax evasion or making it easier for smaller businesses to file taxes.