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No accounting for taste

No Accounting for Taste ep46: How do you solve a problem like audit?

8th Aug 2019
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We’re good neighbours here on the No Accounting for Taste podcast. So when we heard PKF Francis Clark opened a new Bristol office, we did the neighbourly thing and invited its managing partner Mike Lea into the pod booth to talk all things accountancy.

Lea didn’t have much chance to pick up the obligatory cup of sugar and discuss bin collection days, as the last seven days in accountancy provides plenty to chat about, including Making Tax Digital penalties, SportsDirect and the quality of audits.

Host Richard Hattersley is joined as usual by editor Tom Herbert and business editor Francois Badenhorst for a rundown of the most-read stories on the site, with mental health, IR35 and disciplinary schadenfreude all charting high.

The real meat of the pod is all about audits. The recent chaos surrounding SportsDirect and Grant Thornton stepping down as the troubled retailer's auditors marks the starting point for a larger discussion about the current state of audit.

The pod also reacted to the CMA audit recommendations, which will likely shake up the Big Four and could potentially open up more work for the mid-tier firms if joint audits come into play.

Here are the most-read stories gracing AccountingWEB over the last seven days and links to the other stories discussed in this week’s pod.

  1. ACCA student lied to boss about qualification
  2. IR35: Why status determination statements will play a pivotal role
  3. Dear Nick: I feel like packing it all in and sailing into the sunset

On the next episode, the No Accounting for Taste team will be joined by the tax titan Rebecca Cave and AccountingWEB’s head of insights John Stokdyk.

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