The wholly discredited Financial Reporting Council, which regulates UK auditors has announced:
Stephen Haddrill has informed the Board of the FRC that he intends to step down from his role as Chief Executive Officer of the Financial Reporting Council in late 2019. The exact date of his departure will depend on a number of factors including the outcome of Sir John Kingman's review of the FRC, the search for his successor, and any agreed transition period associated with that appointment.
So, first of all he is doing 'a Merkel' - going at 'some time'.
Second, there is no indication of the pay-off for failure.
Third, nor is there any indication of the collapse in the standing of audit on his watch.
Apart from that, it was a great press release. Few will be much concerned by his going. But I suspect someone in the Big 4 will offer him an appointment.
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Makes a good cuppa does he ?
Everybody has to be good at something.
I wouldn’t mind a job with the Big Four – have trousers with big rear pockets, supply of self-addressed brown envelopes and rubber stamp that pledges my soul to the Devil should the black hole be found in some future in which I have moved on to management consultancy based at a white-sanded beach bar in beyond-jurisdiction-land. My side-line is a cure for Alzheimer’s based on ernest research with Colonel ‘Guinness’ Saunders
Having read quite a few of your articles and most refreshing they are I would like to ask you for your thoughts on this.
https://beta.companieshouse.gov.uk/company/SC425000/officers
It seems rather dodgy to me but I’m no expert.
Your reasons?
Isn’t this engaged in Scottish campaigning?
Scott says:
“It seems rather dodgy to me but I’m no expert.”
I’m certainly no expert. it looks to me like a way of taking £20,000,000 out of circulation.
It’s not obvious to me why anyone would do that. Is it some sort of tax dodge ? A company which doesn’t seem to do anything ? What would be the point ?
I obviously did not read enough
Or didn’t understand what you read.
Why am I being blocked. Some technical problem?
You are not as far as I know