The revelation comes from a recent survey of UK directors by Oxford-based finance and accountancy recruitment company, Stephen Beagent Associates, which showed that only 2% believed that the Internet poses a serious competitive threat.
This is despite the fact that one in 10 UK households now shop online, which is predicted to rise to 43 million households across Europe by 2003.
Stephen Beagent said: ‘Finance personnel should rise to the challenge that e-commerce poses. We are seeing an increase in demand for dynamic qualified personnel from Internet-based start-up companies who are looking to grow dramatically over the next two or three years.’
Head of editorial Kevin Reed discusses the accountants in the new cabinet; the FRC's report into audit market concentration; and the Top 40 International Networks Survey 2016
Mazars to acquire financial modelling consultancy and training provider Corality Financial Group
Head of Brexit role created at KPMG as clients - UK and global - seek to steer understand and mitigate the ramifications of the UK's EU referendum vote
We are in a position where we need to consider how best to steady the ships - both our own and our clients, as we have an uncertain few months ahead