FD labels international standards ‘sick’

Link: Amey FD steps down after shares plummet

‘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.’

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