If the profession wants to shake off its damaged reputation it needs to look at how effectively the new system of independent oversight regulates the profession, nationally and globally, says the ACCA's chief executive.
wrote in this week’s Accountancy Age: ‘We must support IFAC, IASB, OECD and others in their efforts to develop international applicable standards of accounting, auditing and corporate governance based on clear principles.’
And she warned against complacency and said that any changes made that restricted accountants activity and profits must ensure that an Enron-type disaster did not happen again. ‘Sadly, we have not made a very good start.’
Accountancy Age editor Damian Wild said a ‘targeted campaign to tackle the current crisis of perception afflicting the profession’ merited consideration and pointed to Accountancy Age?s own advertising campaign to rescue the image of the profession.
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