THE BROAD VIEW

Who do we really not like?

IN 2001, I found myself as a member of the most despised profession in the world - a practising public accountant. This was because of a number of international scandals blamed on poor standards of auditing, culminating in the fall of Enron and the demise of the then largest international...

Risk of civil disorder if Brexit vote is not followed

AFTER a series of debates, the UK Parliament has decided to send their Prime Minister back to Brussels to renegotiate the terms of withdrawal from the EU, due on March 29. The specific matter to be discussed is the status of the border between Northern Ireland and the Irish Republic after...

COMMENTARY

Who will blink first in UK's pantomime of Parliament?

PANTOMIME is an honoured form of entertainment in many countries and for many races and religions. It features goodies and baddies, and the goodies win so we can all live happily ever after. It has to have jokes in it, some of which are good and many bad and it appeals to the child in all of us...

COMMENTARY

Brexit limps towards a conclusion

THE UK appears to have negotiated a deal with the EU to settle the terms of leaving the union from the end of March 2019. The Prime Minister is taking the credit for this achievement, rather than the official negotiating team. Indeed, the original chief negotiator, David Davis, resigned several...

THE BOTTOM LINE

Brexit in danger of meaning what it says

THERE is a brand of sealants whose slogan used to be "It Does What It Says On The Tin" and, since the products work, it became quite a famous piece of advertising....

Brexit: countdown to March 2019

THE United Kingdom leaves the European Union forever at the end of March 2019. Which sounds a big deal but is only a tiny blip in the history of Europe. Singapore as a nation is older than the EU and the UK's involvement with it. And Europe (if you count the whole Greek Empire) has been at...

COMMENTARY

The importance of keeping audits truly independent

A COUPLE of weeks ago, I raised the question as to whether the statutory audit of limited companies' financial statements should be provided independently from other accounting services. I suggested that the major accounting firms are in danger of treating statutory audit services as a...

THE BOTTOM LINE

The shifting sands of Brexit

IT is two years since the British public voted (52 per cent to 48 per cent) in a referendum to leave the European Union and 15 months since negotiations on how to leave were triggered. The referendum gave the government a mandate not only to leave the EU but to:

Make auditing a public service?

Most companies over a certain size require a full independent audit at least once a year and this has been the case for decades. The reasons are obvious, in that anyone who is not part of the company but relies on the company for income (such as lenders, employees and suppliers) has a right to...