'More effort needed to deflect initiatives'

News Article - 21 May 2012
Category:

Organisations should put more of a joint effort into trying to reduce the amount of initiatives which affect the accountancy industry, an expert has suggested.

The recommendation was made by Richard Dyson, president of the Institute of Chartered Accountants in England and Wales, in a speech at the institute's annual dinner, Accountancy Age reports.

In addition, the president went on to say that the profession should consider what impact more rules would have on the industry, stating that the institute was currently reviewing 38 consultation documents.

"Is the sheer weight of such initiatives disproportionate to the perceived issues they are attempting to tackle? Are they creating unnecessary complexity for accountants? And as a result, are they confusing the very businesses and individuals we all seek to serve?" he questioned.

Mr Dyson recently stated that the audit industry should protect itself against overregulation with a new framework as the profession could lose its attractiveness with harsher rules.

Article keywords:

---

More industry news

• Think tank warns UK may have already slipped back into recession
• Growing demand for HR staff in technology and international sectors
• Boosting business growth a ‘priority’ to avoid Eurozone slowdown
• HMRC launches alternative disputes pilot scheme this week
• December employment statistics disregard gloomy recruitment predictions
• Eurozone manufacturing PMI shows modest improvement
• UK scores highly for economic governance by ratings agency
• Government launches two-year project focusing on manufacturing sector
• Burden of regulation on UK businesses ‘too high’

Back to news home page »