The cowboys' horses have already bolted
It seems incredible that there should be even the remotest interest in'protecting' the word 'accountant'.
It seems incredible that there should be even the remotest interest in'protecting' the word 'accountant'.
The Big Five has, over the past 40 years, done the profession the greatest disservice in their behaviour – gross conflicts of interest – gross negligence – and dragged a once respectible profession into the gutter.
Presently they eschew the use of the name ‘accountant’ and callthemselves ‘professional service providers’ or ‘practitioners’; certainly anabuse of the word professional!
Now they want to form ‘companies’ instead of partnerships (in order to evadetheir proper liability for their misbehaviour) and as a consequence owe theirprimary duty of care to the external shareholders of those companies insteadof their client.
Yet those who possibly remain true to the professional ethics of thenineteenth and early twentieth centuries are concerned with protecting theterm ‘accountant’.
A case of closing the door after the horse has bolted!
Better they turned their attention to providing quality service to theclient, thereby enhancing their status, that of what is left of the’profession’ and adding value to the client.
CJ Rogers
The numbers you crunch tell a story. Your expertis...
23yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article