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.