Peter Williams, chartered accountant and freelance writer, disputes the shift over to the inclusion of non-financial data, such as intellectual capital, environmental and social measures.
Williams says in this week’s Accountancy Age opinion page that ‘UK financial reporting seems to be struggling to avoid the abyss of meaninglessness in the early 2000s’.
However Timothy Copnell, director of corporate governance at KPMG, argues that ‘traditional financial statements form only part of the information set required by analysts and investors.
‘Increasingly, shareholder value is generated by intangible assets such as brands, know-how, intellectual property and, most importantly, people.’
To read the full debate go to here.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016