Comments on: Auditors: do they really make any difference any more? http://www.taxresearch.org.uk/Blog/2008/07/07/auditors-do-they-really-make-any-difference-any-more/ Richard Murphy on tax and corporate accountability Fri, 09 Jan 2009 05:52:01 +0000 http://wordpress.org/?v=2.6 By: Tax Research UK / Are accounts worthless? http://www.taxresearch.org.uk/Blog/2008/07/07/auditors-do-they-really-make-any-difference-any-more/#comment-462450 Tax Research UK / Are accounts worthless? Wed, 09 Jul 2008 06:41:51 +0000 http://www.taxresearch.org.uk/Blog/2008/07/07/auditors-do-they-really-make-any-difference-any-more/#comment-462450 [...] Coltman, one of the regular readers of this blog, commented on a recent posting of mine to [...] [...] Coltman, one of the regular readers of this blog, commented on a recent posting of mine to [...]

]]> By: Emily Coltman http://www.taxresearch.org.uk/Blog/2008/07/07/auditors-do-they-really-make-any-difference-any-more/#comment-462000 Emily Coltman Tue, 08 Jul 2008 07:22:57 +0000 http://www.taxresearch.org.uk/Blog/2008/07/07/auditors-do-they-really-make-any-difference-any-more/#comment-462000 "Financial statements... are a throwaway". I'm intrigued. Does that mean audited financial statements, or all financial statements down to the I&E account for a one-man or one-woman business? Are they all worthless, except that they let us work out how much tax the business must pay? That's a sobering thought, because if it's true, it means I spent 7 years of my working life, and hundreds of accountants are still, doing something that has little or no value to the business world... M “Financial statements… are a throwaway”. I’m intrigued.

Does that mean audited financial statements, or all financial statements down to the I&E account for a one-man or one-woman business?

Are they all worthless, except that they let us work out how much tax the business must pay?

That’s a sobering thought, because if it’s true, it means I spent 7 years of my working life, and hundreds of accountants are still, doing something that has little or no value to the business world…

M

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