Accountus Horriblis
Following the Public Accounts Committee’s report into the Royal Duchys, TS would like to propose its own consultation document on the Royal coffers. There are two questions, in particular, TS would like answered.
Firstly: what’s wrong with PwC? (the PAC decided it was time for the NAO to look at the accounts). Since when was public sector scrutiny so much better than that of the professional auditing firms?
Secondly: we know that Prince Charles prefers traditional accounting practices (it’s something like that, isn’t it?), but isn’t it time the Royals restated under IFRS? TS would love to track the impairment of the brand.
Any responses to our consultation (TS hopes, at some point, to publish a draft document), should be posted below.