Written by Ian Moss: Is it me or is there a hint of irony running through the world of accountancy this week?
First, the ICAEW’s excellent Economia website evoked some rather unpleasant imagery with this headline ‘Big Four “feasting” on Carillion “carcass”, say MPs’. Fair comment, I suppose, when you consider their combined fees for ‘handling’ the whole affair totalled about £72million.
I came away from the article thinking how unpopular the “Big Four” must have become in the corridors of power. Then, less than 24 hours later, I spot this story: “Government brings in Deloitte to monitor Interserve… The Cabinet Office has tapped the Big Four firm to monitor struggling support services and construction group Interserve.” Hmmmm.
The subject of sexual inequality has been in the news a lot recently. So it was no real surprise to see this: “Firms must sign Women in Finance charter, say MPs” But barely had I finished reading that when I came across this one: “EY appoints Barton as head of global tax… Kate Barton has been appointed as the new global tax leader at Big Four firm EY.”
Finally, I was left mulling over this: “Social bonding and the cachet of being a member of the Big Four elite creates familiarity between auditor and audited and potentially undermines professional scepticism, according to new research.”
I’m glad it’s the weekend!