Instead, I will take a punt at naming the resolutions the profession should
avoid, for fear of leaving them neglected along the business wayside, in 2008.
- Resolve the audit choice debate. This one’s going to run and run, as there
is no chance that 2008 will see the arrival of a new global firm. It is a real
it is clear that we are in need of one and a lot of work has been done into
edging towards a solution.
- Make data collected by government absolutely secure. The government is an
employer of vast numbers of people and a user of leviathan-like computer
Something’s always going to give and, as recent news has shown, the thought that
the missing HMRC discs was an isolated incident is an utterly naïve one.
- Carousel fraud will be made a thing of the past and its honest victims will
be treated fairly. There’s too much money in this and HMRC’s thinking much too
narrow for this to come true.
- The US to fully adopt IFRS. My sides split laughing at this one. The US’s
sense of its own superiority is much too inflated to make this a realistic
resolution. Expect a few more concessions, but no rolling over.
- Auditors to publicly reveal what in particular was wrong with the accounts
they audit. This could do the profession so much good, but it’s a complete
flight of fancy.
It is as likely as Northern Rock savers feeling like their money is safer than
being under the mattress.
- The tax system to be simplified so that everyone transparently pays a fair
whack. Dream on.
And please don’t call me cynical.
Gavin Hinks is editor of Accountancy Age
Steve Butler of Punter Southall Aspire highlights the importance of pension governance meetings to protect against mistakes and safeguard company reputation
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks