PracticeConsultingBusiness directors turning to accountants, not lawyers

Business directors turning to accountants, not lawyers

Profession providing advisory services on Companies Act

Accountants are beating lawyers in the race to help companies comply with the
controversial governance reforms in the Companies Act, according to new
research.

A survey of more than 200 businesses across the UK revealed that 60% of all
business directors that have sought advice on the Companies’ Act have turned to
their accountant rather than a lawyer, Lawyers Week reported

The study was carried out on behalf of Leeds Legal and questioned small to
medium-sized enterprises (SMEs) about the Act, parts of which will come into
force in October.

The survey also found that 42% of business leaders have not sought advice on
the Act, while more than a third (37%) claimed to know nothing about it.

Further reading:

Law firms pressed over financial
transparency

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