PracticeConsultingDo away with bureaucracy

Do away with bureaucracy

Danielle Stewart appears puzzled over how the ICAEW council could withdraw support for the independent professional review - it was simply a democratic process listening to the concerns of those affected together with views of academics and others who saw fundamental flaws in such a process if adopted.

a href=”http://www.accountancyage.com/Practice/1118551″>IPR is the right model)

Council was itself puzzled by the consultation process, or lack of it, followed by the working party who assembled this particular proposal for approval, and it appears two irreconcilable views prevail; the audit faculty still believes that regulated statutory audit is good for small companies, whereas, through consultation with company managers and small practitioners, it is known that such imposed regulation is of little or no benefit and diverts valuable time away from mainstream activity.

With the DTI nudging the profession away from unnecessary audit (surely the profession should be leading!) no obstacle such as the IPR should be used to slow progress towards removal of unwelcome and costly bureaucracy.

Peter Mitchell, chairman, Small Practitioners Association.

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer