FD labels international standards 'sick'
Outgoing Amey finance director David Miller has launched an unprecedented attack on international accounting standards, claiming they are as appealing as 'a little cup of sick'.
‘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.’