Michael Groom, the enterprising president of the ICAEW, has launched on to the international arena the concept of the ‘five-legged stool of trust’.
This wonderful image is based on the interlinking themes of governance, accounting, audit, ethics and enforcement.
TS is sure that Groom’s predecessor Graham Ward had a three legged variety of this particularly useful piece of conceptual furniture, but can’t fathom where the extra two legs have come from.
Of course, enthusiastic structural engineers among you will know that a tripod is infinitely more stable than a five-legged variety.
However, as Groom was launching the concept in Brazil – that model of economic stability – it probably makes no difference in the long run.
New growth opportunities in Aberdeen, North East Scotland, are being invested in by Grant Thornton
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
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