‘Being a public company finance director is a bit of a shitty job,’ he is reported as saying in the Daily Telegraph.
Blaming the process of converting to international standards for his disillusionment, he said: ‘Companies are going to have a lot of problems over the next few years dealing with about 32 accounting standards.’
His comments were made as Amey reported a pre-tax half-year profits increase from £1.3m to £11.3m before he hands over the finance duties to Michael Kayser.
Amey chief executive Brian Staples retorted: ‘This is not a signal that Amey is going to have 32 accounting changes.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements