In the discussion at yesterday’s Corporate Accountability Network launch event I was asked how we could possibly effect change in accounting standards when it takes up to seven years for any change to a standard to take place.
My answer at the time was that this pace of change is, of course, quite ridiculous. There is no reasonable reason on earth why it should take seven years to change an accounting standard.
There must, then, be good reason why it does take this long for change to take place in accountancy. I think there is.
The reason being because they hate me etc.
The trick being missed? If it takes 7 years to gain a change that’s 7 years of funding to ask for, innit?