For as far back as I can recall the media has asked commentators and consultants to predict what the New Year will bring for accountants, says Mark Lee.
Naturally the ensuing predictions include well-publicised developments in tax and financial reporting. Typically the predictions also include variations of the same old warnings of other developments that will, so we are told, force accountants to make major changes to the way that they operate.
I don't doubt the sincerity of those who repeat these ideas. Some of their warnings are coming true at last but typically only many years after they were first aired. You could say the predictions were ahead of their time – which some of them were.
It was Bill Gates who said...