However, there is a danger that a box-ticking approach will operate in UK boardrooms if the Higgs proposals are allowed to stand unchecked. Even Derek Higgs has warned shareholders not to push companies into ‘mindless compliance’ with the proposals in his report on corporate governance.
The praises of principles over rules have long been sung by leading UK accountants. And those arguments have impressed the government, which resisted wholesale change in its proposals for audit reform published back in January.
As ICAEW president Peter Wyman acknowledged this week, the battle is only half-won.
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day