LOL another day and another major fraud, this time with a clever twist where the accountants handed in their licenses and quit the profession to avoid punishment. The accountancy profession once regarded as a highly respectable and honest one has now been permanently tarred by these non stop, high profile scandals that seem to come up almost monthly.
Just remember as you anxiously try to keep abreast of every little change in tax law and try your best to act professionally and ethically to maintain your small or medium sized clients in this recession, there are many amongst us who simply don't care about such basics anymore and will happily break the rules as long as they don't get caught. It is only about money now folks - the only question is what sort of amount would tempt you to walk away forever and start a fresh, new life without spreadsheets and whinging clients?
The reason why the audit reforms were "dropped" from the list of bills to go before Parliament is quite simple and obvious. The corrupt major audit firms have lobbied (bribed) the ministers to drop it and as we know Her Majesty does not make any choices herself, she merely does as she is told.
LOL the usual rubbish from our corrupt government who are very keen on squeezing the small fish like us daily whilst the big boys in Parliament, their cronies and the big Audit firms totally ignore AML rules and bypass them. When will people open their eyes and realise that this government is only ensuring the enslavement of those of us who choose to follow their crappy laws. The rich and famous ALWAYS get a free pass as usual.
What a surprise....NOT. Well the government has been pocketing billions in contracts for rubbish PPE and other gimmicks including the £13.6 billion Track and Trace system that never works properly. So why not let the fraudsters take their share too? It is not right that only the government can steal our hard earned taxes, let the commoners participate too. Keep Calm and Carry On, it is only YOUR money that they are stealing daily.
LOL another day, another fraud perpetrated by a big name in the Auditing and Accounting profession. When will we plebs realise that the stringent rules and ethics only apply to us. We struggle to provide a decent and honest service to clients who regard us as nothing more than pen pushers and resent every penny they pay us. When will we open our eyes and realise that the rich NEVER have to follow any rules or regulations and they get away with it too each and every time, because our governing bodies always protect the rich and bend rules for them.
Do you think the KPMG partner who lied will lose his qualifications? OFCOURSE NOT.
Do you think KPMG will be shut down after this scandal? OFCOURSE NOT.
They will be fined as usual so that the governing body can pretend how strict they are as they enjoy the windfall from this ill gotten gain. Thieves benefiting from the misfortune of other thieves who were stupid enough to get caught.
If you want my advice, stop paying your annual membership fees and quit the profession. They will ask for your certificate back but there are lots of part time and contract roles for people who are good at accounts and work for a reasonable price. Those days when Accountancy was a respectable profession are long gone. It's just a dog eat dog world now.
So Lex Greensill is an entirely honest and trustworthy man who ran his company in an exemplary fashion but was led astray by accountants? And the directors of Carillion were selfless people who practically ran the business as a charity until they were forced into insolvency by accountants? And as for Philip Green.. he only received a pittance from Arcadia.
You missed the point, they were all crooks assisted by even more crooked accountants. Why do you try to divert attention from the obvious?
Carillion, Mount Anvil, Greensill the list goes on and on. When will our accountancy, regulatory bodies admit that our profession is full of "shysters" with no ETHICS and is subject to wide spread fraud and corruption? As we go to bed anxiously every night, trying out best to cope with the ever rising mountain of legislation, staying up to date with expensive CPD, trying out best to be honest and ethical with our piddly little clients (who begrudge every penny they pay us), the big players simply ignore the rules when they feel like - and they get away with it too.
One rule for the rich and powerful, another rule for the rest of us peasants. (Just like the Covid rules and regulations.) I think its called THE NEW NORMAL.
LOL another day, another scandal, this time £200m missing and the dumb auditors never picked it up. When will the sheeple wake up and realize that ethics are just in textbooks and that high profile auditors are nothing more than just a famous name that unfortunate victims trust. It is all about money, if you pay enough you can get anything approved and certified by anyone. Now let the excuses begin to justify this one and then we can all forget it in a couple of days as usual - until the next scandal.
My answers
LOL another day and another major fraud, this time with a clever twist where the accountants handed in their licenses and quit the profession to avoid punishment. The accountancy profession once regarded as a highly respectable and honest one has now been permanently tarred by these non stop, high profile scandals that seem to come up almost monthly.
Just remember as you anxiously try to keep abreast of every little change in tax law and try your best to act professionally and ethically to maintain your small or medium sized clients in this recession, there are many amongst us who simply don't care about such basics anymore and will happily break the rules as long as they don't get caught. It is only about money now folks - the only question is what sort of amount would tempt you to walk away forever and start a fresh, new life without spreadsheets and whinging clients?
The reason why the audit reforms were "dropped" from the list of bills to go before Parliament is quite simple and obvious. The corrupt major audit firms have lobbied (bribed) the ministers to drop it and as we know Her Majesty does not make any choices herself, she merely does as she is told.
LOL the usual rubbish from our corrupt government who are very keen on squeezing the small fish like us daily whilst the big boys in Parliament, their cronies and the big Audit firms totally ignore AML rules and bypass them. When will people open their eyes and realise that this government is only ensuring the enslavement of those of us who choose to follow their crappy laws. The rich and famous ALWAYS get a free pass as usual.
What a surprise....NOT. Well the government has been pocketing billions in contracts for rubbish PPE and other gimmicks including the £13.6 billion Track and Trace system that never works properly. So why not let the fraudsters take their share too? It is not right that only the government can steal our hard earned taxes, let the commoners participate too. Keep Calm and Carry On, it is only YOUR money that they are stealing daily.
LOL another day, another fraud perpetrated by a big name in the Auditing and Accounting profession. When will we plebs realise that the stringent rules and ethics only apply to us. We struggle to provide a decent and honest service to clients who regard us as nothing more than pen pushers and resent every penny they pay us. When will we open our eyes and realise that the rich NEVER have to follow any rules or regulations and they get away with it too each and every time, because our governing bodies always protect the rich and bend rules for them.
Do you think the KPMG partner who lied will lose his qualifications? OFCOURSE NOT.
Do you think KPMG will be shut down after this scandal? OFCOURSE NOT.
They will be fined as usual so that the governing body can pretend how strict they are as they enjoy the windfall from this ill gotten gain. Thieves benefiting from the misfortune of other thieves who were stupid enough to get caught.
If you want my advice, stop paying your annual membership fees and quit the profession. They will ask for your certificate back but there are lots of part time and contract roles for people who are good at accounts and work for a reasonable price. Those days when Accountancy was a respectable profession are long gone. It's just a dog eat dog world now.
Sounds like the results of a COVID vaccine to me.
You missed the point, they were all crooks assisted by even more crooked accountants. Why do you try to divert attention from the obvious?
Carillion, Mount Anvil, Greensill the list goes on and on. When will our accountancy, regulatory bodies admit that our profession is full of "shysters" with no ETHICS and is subject to wide spread fraud and corruption? As we go to bed anxiously every night, trying out best to cope with the ever rising mountain of legislation, staying up to date with expensive CPD, trying out best to be honest and ethical with our piddly little clients (who begrudge every penny they pay us), the big players simply ignore the rules when they feel like - and they get away with it too.
One rule for the rich and powerful, another rule for the rest of us peasants. (Just like the Covid rules and regulations.) I think its called THE NEW NORMAL.
Yet another example of how ethics go out of the window for some people and larger audit firms when it comes to money.
LOL another day, another scandal, this time £200m missing and the dumb auditors never picked it up. When will the sheeple wake up and realize that ethics are just in textbooks and that high profile auditors are nothing more than just a famous name that unfortunate victims trust. It is all about money, if you pay enough you can get anything approved and certified by anyone. Now let the excuses begin to justify this one and then we can all forget it in a couple of days as usual - until the next scandal.