According to the mass hysteria in the press this is unacceptable in this country.
Why then do we allow the accountants International Accounting Standards Board to write UK law for accounting disclosure?
Why do we allow the Financial Reporting Council do this for unquoted companies?
Remember: Williams referred only to civil law. The IASB and FRC create what is, in effect, civil law. What is the difference?
Disclosure: I am a qualified accountant and a member of the Church of England.