{"id":73620,"date":"2024-01-04T07:56:28","date_gmt":"2024-01-04T07:56:28","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=73620"},"modified":"2024-01-04T07:56:28","modified_gmt":"2024-01-04T07:56:28","slug":"its-time-accountants-stopped-pleading-hardship-whilst-defending-incompetence","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2024\/01\/04\/its-time-accountants-stopped-pleading-hardship-whilst-defending-incompetence\/","title":{"rendered":"It’s time accountants stopped pleading hardship whilst defending incompetence"},"content":{"rendered":"

If there is one thing accountants are good at it is pleading hardship. Take this as an example from today's FT:<\/p>\n

\"\"<\/p>\n

As they add him noting:<\/p>\n

\"\"<\/p>\n

I have known Michael Izza for a long time, and we get on. But this is absurd.<\/p>\n

If accountants acting as auditors cannot do the job asked of them - for which they are mightily rewarded in the high-profile cases that the FRC looks at - then they deserve what comes their way.<\/p>\n

And if the job cannot be done at all - as is possible because accounting standards are now so bad that delivering meaningful data that anyone could audit is difficult - then that is the issue to deal with.<\/p>\n

In either case, simply asking to be let off the hook so that the job is more attractive (when rewards are often \u00a31 million a year)\u00a0 is unacceptable.<\/p>\n

Izza is losing his touch at the end of his tenure at the Institute of Chartered Accountants in England and Wales if he thinks this is going to work.<\/p>\n","protected":false},"excerpt":{"rendered":"

If there is one thing accountants are good at it is pleading hardship. Take this as an example from today’s FT: As they add him
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