It's pretty widely agreed that the accounts that companies publish are not now meeting users needs. But why is that? That's what I explore in this video.
Richard Murphy on tax, accounting and political economy
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As regards tax, it bewilders me that we can easily look at a P&L, but then provisions and such like are shunted to the BS, then behind closed doors as to reporting, with a number then being spat out as to tax liability. The P&L is largely honest, it’s historically that the skeletons are kept on the BS.
I hope to have more on this next week now
I was planning for this week, but sometimes research gets delayed.
As a new committee member for a social club I am very interested in producing such useful accounts for our members.
Can you point me to what I should do please to direct our accountants to produce, please?
Interesting idea…..
This work will eventually lead to examples but not yet…
[…] to a complex issue. In this video I explore what's really going on in audit. It is helpful to have watched this video on accounting […]