Illingworth said quarterly reporting would increase the costs faced by listed companies and that in the US the measure had put pressure on companies to improve their profits constantly.
Speaking to the Financial Times Illingworth said that because of Enron there was pressure to ensure ‘quarterly earnings were always in ‘one direction’.
The European Commission would like to see quarterly reporting made mandatory by 2005, at the same time as International Financial Reporting Standards go live.
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