Writing in the UK Guardian today, (page 31 – if you cannot buy the paper, you’ll find it among the related articles below assuming it is still available if you are reading this in a few weeks), Polly Toynbee accuses the Big Four of being “at the heart of almost every tax-avoiding scheme”. She proceeds to comment on their grip of the audit market and that, despite grave failures in auditing the banks they have not been disciplined by professional bodies.
Thank you, Ms Toynbee! We at Quoracy.com would just add that their immense lobbying power at the level of governments and regulatory institutions – their virtual control as a cartel of almost every regulatory insitution for audit in the EU – has made them almost impossible to punish. At the same time the middle tier audit Firms, with far fewer blemishes on their records, are bearing a proportionately greater brunt of the reforms that these Big Four governed or influenced “independent” bodies have enacted or are in the process of enacting.
No doubt they hope that they can pass their latest trick of raising the audit thresholds, in which the hidden agenda is to weaken the next tier down from the Big Four even more in the hope that some of the firms disappear (already appears to be happening to PKF from what was spoken about at their recent Cuba conference, and the merging into BDO of three already of their G20 firms) and that others will tone down or give up their audit offer. After which time, of course, they will no doubt be ready to lower the thresholds once again, in order to grab what they can from the reduced state of their mid-tier competition.
You heard it here first. Or maybe you know it already. If you’ve been running a mid-tier audit firm, you probably know it only too well…
- Tories at half-time: cruel and inept, with worse to come | Polly Toynbee | Comment is free | The Guardian (dralfoldman.com)
- Should tax-avoiding companies be named and shamed? – video (guardian.co.uk)
- Britain could end these tax scams by hitting the big four | Polly Toynbee (guardian.co.uk)
- Be bold, Labour, and expose Osborne’s skivers v strivers lie | Polly Toynbee (guardian.co.uk)
This is obviously old news, although it’s in today’s headlines, but history does have a way of repeating itself.
I was particularly intrigued to see how the Jewish prisoners at Sachsenhausen tried to tip off people about which notes were forged by making a tiny pinhole in the Britannia figures. Presumably they could have been severely punished had this been found out. They were willing to risk a lot in order to sabotage the Nazi war effort and help Britain in what little way they could.
Polish: WALKA Z PRANIEM PIENIĘDZY PO NOWEMU – CZYLI O PROBLEMACH IMPLEMENTACJI NOWYCH ROZWIĄZAŃ W PRAKTYCE
Centrum Promocji Informatyki sent us this invitation to their event on impementation of new counter money laundering solutions, in the Polish language. This is a growing topic in governance so we’re ready to publish this on, here. I have no previous experience of CPI’s courses, but one can but try…
Organizujemy warsztaty p.t.:
WALKA Z PRANIEM PIENIĘDZY PO NOWEMU – CZYLI O PROBLEMACH IMPLEMENTACJI NOWYCH ROZWIĄZAŃ W PRAKTYCE
Ze względu na miejsce pracy prawdopodobnie mogą być Państwo zainteresowani tematyką szkolenia. Zgodnie z wymogami art.4 i art.10 ust. 2 ustawy z 18.07.2002 o świadczeniu usług drogą elektroniczną, niniejszym wysyłamy zapytanie, czy chce Pan(i) otrzymać informacje o programie i warunkach zaproszenia.
Aby otrzymać informacje organizacyjne należy odpowiedzieć na email wpisując w odpowiedź słowo „TAK” – oznaczające zgodę na przesyłanie informacji drogą elektroniczną.
Poniższe dane adresowe Centrum Promocji Informatyki mają wyłącznie charakter, umożliwiający identyfikację organizatora.
Centrum Promocji Informatyki sp. z o. o.
ul. Międzyborska 50, 04 -041 Warszawa
tel. /22/ 870 69 78, /22/ 871 85 51
fax /22/ 870 69 95, /22/ 871 85 56
- Terrible translation on the Kent County Council website – was it really a good choice to have a contract with Kent Top Temps on all the translation and interpreting services? (acgtranslation.wordpress.com)
- More Chows invade Poland – Warszawa, Poland (travelpod.com)
- Microsoft Poland Sending Out Mango 5/24 Event Invites, Literally (pocketnow.com)