It burns, doesn’t it?

Here is the P³ struggling along on mere part time grant work and:

where Big 4 partners regularly earn well in excess of £500,000 a year.

Which is what all the complaints over audit are about. How dare they when I don’t? Am I not worthy?

There is much to criticise within it because almost none of the current issues in accounting and auditing that need to be addressed are tackled by the proposals made.

Tsk, shouldn’t the person ruminating make what the person who does does?

At the core of the failure by the government on this issue is their adherence to a mid-twentieth-century view of what the company is all about.

As opposed to my view which I made up myself, alone.

First, any accounting standard for greenhouse gas emissions that does not require Scope 3 disclosure is incomplete. In fact, it’s not a standard worth calling by that name because it ignores a crucial issue.

Alone I tell ‘ee! That everyone else giggles at me shows I am right!

Thankfully there is a better option. That is sustainable cost accounting. That will work. And that’s what financial support has to be linked to because it makes Scope 3 disclosure mandatory.

The government’s proposals do not do that. And for that reason they fail to address the issue of climate change and accounting, whatever other failings there might be in the Task Force on Climate-related Financial Disclosures.


7 thoughts on “It burns, doesn’t it?”

  1. …and, I ask, ‘wot climate change’? What hard evidence do you have for that assertion, sonny Jim?

  2. He’s got numerous appointments and grants. He can’t be short of cash.

    And what’s the tax rate on such grants? Bet it isn’t treated as income, with 40% or 45% rates.

  3. LLPs are transparent for tax. Some charity grants can be taken as non-taxable. This is my guess – and probably why he always very carefully avoids saying anything incriminating – his usual line is “I always pay all the tax that is due”.

    LLP is also only there as some of his grants were from charities which don’t give grants to individuals or sole traders….so he had to create the sockpuppet of a partnership to meet the criteria.

    Oh if only someone could get hold of his tax returns.

  4. Not being considered for partnership at KPMG (or whatever constituent component back when it was the big 8 rather than the big 4) must still rankle. Although I would love to have heard the laughter in the partnership meeting when and if his name came up.

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