Accounting and Audit Suffering a Talent Shortage
With the improving economy and increased regulatory burden, accountants and auditors are in high demand once again, and the resulting labor crunch is pushing up audit costs. To make matters worse, long hours, the threat of litigation, and regulatory pressure are pushing some accountants out of the profession. “Turnover is ...
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PremiumU.K. financial regulator looks to streamline audit enforcement procedures
Auditors are supposed to keep businesses honest, but how much regulation is the optimum for the auditors – and how onerous and punitive should the enforcement regime be? A new consultation by the U.K. regulator, the Financial Reporting Council, opened on Oct. 1 and has put the vexed question of ...