Subscribe to our newsletter

UK accountants face possible ban on consultancy work

Britain’s accounting watchdog said on Monday it may ban accounting firms from providing consultancy work to firms whose books they check.

Shared by Reuters
October 10, 2018

share this article

Under pressure from lawmakers to toughen up supervision of accountants after collapses at outsourcer Carillion and retailer BHS, the Financial Reporting Council announced a new “strategic focus” to ensure that audit serves the public interest better.

Read more at Reuters.

UK SMEs reject Brexit threat as they look to increase international trade

Assets linked to first UWO case seized

related articles

Accountants instrumental to micro-entities simplifying their accounting

'Discovery' decision may make it harder to obtain tax return certainty

IASB launches consultation on minor changes to IFRS standards

Accountants at risk of ‘chameleon’ directors, says tech provider

Accounting standards change to hit FTSE 100 pension schemes

Business rates appeals plummet, sparking call for system reform

must reads

latest poll

How do you get the majority of your new clients?

View previous polls

recent comments

array(2) { [0]=> object(stdClass)#5180 (31) { ["id"]=> string(5) "22414" ["contentid"]=> string(5) "33914" ["component"]=> string(11) "com_content" ["ip"]=> string(14) "176.248.67.148" ["userid"]=> string(1) "0" ["modified_by"]=> string(1) "0" ["date"]=> string(11) "1 week ago." ["modified"]=> string(19) "0000-00-00 00:00:00" ["name"]=> string(9) "Anonymous" ["email"]=> string(0) "" ["website"]=> string(0) "" ["notify"]=> string(1) "0" ["title"]=> string(0) "" ["comment"]=> string(43) "Simplification should come before Making..." ["published"]=> string(1) "1" ["deleted"]=> string(1) "0" ["spam"]=> string(1) "0" ["voting_yes"]=> string(1) "0" ["voting_no"]=> string(1) "0" ["parentid"]=> string(2) "-1" ["importtable"]=> string(0) "" ["importid"]=> string(1) "0" ["importparentid"]=> string(2) "-1" ["unsubscribe_hash"]=> string(32) "3bd79f7f83bfb3b9bc64af2d5b9e94cc" ["moderate_hash"]=> string(32) "bedf85cc44e7d7780f222ccd899d0265" ["customfields"]=> string(0) "" ["user_realname"]=> NULL ["user_username"]=> NULL ["user"]=> string(9) "Anonymous" ["link"]=> string(57) "/component/comment/?task=comment.gotocomment&id=22414" ["overlayComment"]=> string(91) "Simplification should come before Making Tax Digital. As a sole trader in providing tax/..." } [1]=> object(stdClass)#5179 (31) { ["id"]=> string(5) "22413" ["contentid"]=> string(5) "33867" ["component"]=> string(11) "com_content" ["ip"]=> string(13) "81.149.22.109" ["userid"]=> string(1) "0" ["modified_by"]=> string(1) "0" ["date"]=> string(11) "1 week ago." ["modified"]=> string(19) "0000-00-00 00:00:00" ["name"]=> string(12) "Paul Gosling" ["email"]=> string(0) "" ["website"]=> string(0) "" ["notify"]=> string(1) "0" ["title"]=> string(0) "" ["comment"]=> string(42) "In this high tech world we seem to have..." ["published"]=> string(1) "1" ["deleted"]=> string(1) "0" ["spam"]=> string(1) "0" ["voting_yes"]=> string(1) "0" ["voting_no"]=> string(1) "0" ["parentid"]=> string(2) "-1" ["importtable"]=> string(0) "" ["importid"]=> string(1) "0" ["importparentid"]=> string(2) "-1" ["unsubscribe_hash"]=> string(32) "8b1ddf76d1319c04e9c475a93d134674" ["moderate_hash"]=> string(32) "5d02a303b3534d5f64686cc13b78d671" ["customfields"]=> string(0) "" ["user_realname"]=> NULL ["user_username"]=> NULL ["user"]=> string(12) "Paul Gosling" ["link"]=> string(57) "/component/comment/?task=comment.gotocomment&id=22413" ["overlayComment"]=> string(100) "In this high tech world we seem to have forgotten the art of talking to people although this does..." } }