Most accounting firms, it has to be said, still have some way to go if they are to practise the transparency they preach. True, there is no law requiring disclosure of information as sensitive as partner income.
But particularly for the bigger firms – which have to ensure listed companies do disclose the equivalent information themselves – the lack of reciprocation is something that sticks in the craw of many mandarins, MPs and media commentators alike.
And that why the new Limited Liability Partnership Bill – which takes effect next week – offers a perfect opportunity for accountancy to demonstrate to outsiders that it is a transparent profession. The corporate-partnership hybrid that is LLP demands disclosure. But it offers greater protection for partners in return. Surely that is a fair exchange.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel