but the "free market" and capitalism remains the only game in town and will totally ignore or circumvent all regulating bodies self or imposed
The UK’s Big Four accounting firms have until 2024 to separate their audit practices following a severe edict from the accounting regulator that marks the largest shake-up of the industry in decadeshttps://on.ft.com/31Pfv5u
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The blame is not on “fee markets” or on capitalism, it’s on rotten individuals and cooperations abusing these and violating legal and moral conduct.
- Antwoorden weergeven
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After a decade or more of atrocious accounting scandals the regulator finally tries to justify its existence, not by finding its teeth but rather bending over backwards to protect the city’s reputation, sadly that is “open for dishonesty if the price is right”
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Needed, wont be a silver bullet as most of the issues aren't in the concrete in-firm networks but in cronyish independent relationships between acc/consultant senior managers and company board individuals.
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Until govs make the revenue for audits, separate, from the parties being audited ... no amount of window dressing and reform will address the pandemic of accounting & auditing fraud that goes on every day. - JMH
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Time to look close at Bank audits as some of us have seen many collapsed businesses have collapsed due to false audits. Criminal asset stripping that bank CEO's and Bank CFO's are signing off.
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Behind every good fraud is a lowly government. Focus there.
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Bedankt, Twitter gebruikt dit om je tijdlijn te verbeteren. Ongedaan makenOngedaan maken
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Pity the EU aren't so diligent when it comes to auditing their own books
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Het laden lijkt wat langer te duren.
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