The caution follows the rise in profit warnings and an Auditing Practices Board consultation document on ‘aggressive earnings management’ ? massaging the books to make results look better.
Mark Dixon, chief executive of office rental company Regus, which recently issued a profit warning, said: ‘We’?re not the first company and we won’t be the last. There are a lot more companies out there that should be issuing warnings now.’
Deloitte & Touche said: ‘More consideration needs to be given to what could be done to prevent the increasing pressure on directors to carry out aggressive earnings management.’
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