I have this morning published the next in my series of proposals that will make up the Taxing Wealth Report 2024. In this latest note, I
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The government has abandoned a new law that would have massively reduced the risk to savers from investing in UK companies – because the companies did not want to stop the abuse it would have prevented
The Tory government has backtracked on another of its promises today. I accept that for most people, the abandonment of a commitment to enhance corporate
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Audit failure is not down to any one firm: the whole audit system is designed to fail to suit the interests of big business and their auditors
As the Guardian reports this morning: Britain’s accounting regulator has fined KPMG a record £21m for audits of Carillion, the builder that imploded in 2018
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Audit reform is so slow that the scandals are bound to continue
This is from the FT this morning: PwC is planning to give up tens of millions of dollars of consulting work for its US audit
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The use of aggregate data in the Taxing Wealth Report 2024
I was asked yesterday about why I am using HMRC aggregate data to estimate the impact of the tax proposals that I am making in
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The descent of local authority funding into chaos
Birmingham Council declared itself bankrupt yesterday. The biggest local authority in the UK cannot now balance its budget. There may be very particular circumstances that
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Audit reform is being delayed, yet again. Might that be because politicians are much too depdendent on the Big 4 accooting firms?
As the FT reports this morning: The government is preparing to omit a much delayed overhaul of the UK’s audit and corporate governance regimes from
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Groupthink creates Bank failure and prevents banking reform
Groupthink is immensely powerful. As I noted yesterday: KPMG issued a clean audit report on the 31 December 2022 accounts of Silicon Valley Bank on
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Top accountants keep on screwing the world for all they can get
I posted this Tweet this morning: Audit, accounting and economic crises? What crises? Life carries on as normal for the accounting elite as they extract
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Richard Murphy
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