High profile corruption cases over the last few years (Carillion, Thomas Cook, Patisserie Valerie) have pushed the UK tax authorities to reform audit practices. With the imminent introduction of a UK-style Sarbanes-Oxley act, companies are expected to alter their reporting processes in line with these new regulations. However, KPMG estimates that it will take up to 36 months for businesses to design, test, and roll out the automation required under the new rules. Do you think this will have a substantial impact on curbing corporate malpractice?
Posted by Accountants' Club at 2022-03-16 17:11:20 UTC