What was missed as the proposals were being talked up elsewhere, however, was an acknowledgement on the part of the government that those who will be left picking up the cost of much of the mooted reform will not be the large firms that were in the firing line. Instead it will be smaller firms – firms that might appear to have little to do with the Enrons and Worldcoms – and their clients that will have to pick up much of the regulatory bill.
It’s hard enough trying to persuade FTSE-100 companies that they need to pay more for an audit when the problems that are driving change have by and large occured on the other side of the Atlantic. Convincing SMEs will only be harder.
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
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