The FRC’s ‘softly, softly’ approach to dealing with audit choice issues may
fail if another crisis happens within the next year or so, BDO Stoy Hayward’s
departing managing partner Jeremy Newman has said.
In a valedictory interview on Accountancy Age TV, Newman said: ‘If
another crisis is five or ten years off and the approach has had the opportunity
to create enough change, it’s fine. But if another crisis is a year or two off,
we face a really serious problem. If there hasn’t been enough change the
regulatory authorities will be struggling for a solution.’
Newman is going to become head of BDO International. He discussed the
network’s US problems and his highs and lows as head of BDO Stoy Hayward.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season