Increasing compliance and red tape is expected to boost finance recruiter
Michael Page, claims its chief executive.
Revealing a 45% drop in gross profits to £83.8m for the three months to 30
June, Steve Ingham said that increased regulation would mean more opportunities
for accountants, reported the Telegraph.
‘There’s going to be more compliance and regulation, there will be fewer
people in the risky areas. That’s good for us because we specialise in
compliance and risk. When I hear about more regulation, I think good – more
UK profits for the period fell by 42% compared to a year earlier, to £28.1m.
Gross profits for H1 was £178.8m, compared to £292.7m a year earlier.
Headcount has fallen at the recruiters to 3,705, 33% lower than a year
Smaller businesses could be excluded from government plans for making business transactions digital, found new research from ICAEW
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)