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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

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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.

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