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.
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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.
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.
All too many accountants are being caught in the act of misappropriating their clients’ funds with not one but two major high-profile cases in the news lately.
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?
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.