In a letter to be published in this Thursday?s Accountancy Age, Will Rainey, partner and head of financial reporting advisory at Ernst & Young, writes: ‘Common sense would appear to be prevailing at the DTI ….
‘Far be it for us to accuse the DTI of ‘recklessly implementing an OFR’, but it became very clear, very quickly, that listed companies were in danger of being swamped with a wave of new legislation if the original timetable was adhered to.’
The introduction of the OFR could be pushed back by three months because of the wave of new legislation such as Sarbanes Oxley and international financial reporting standards, that companies have to comply with in the new year.
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day