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Accountants, comptrollers, auditors and investigators cannot review every movement of every penny across thousands of transactions and countless accounts. Forensicaccounting investigations dig deeper into records but still only cover a fraction of transactions while carrying a hefty price tag.
As accounting firms begin 2023 they have one thing top of mind — how to effectively recruit and retain talent. accountants and auditors have left their jobs in the past two years, a 17 percent decline, and the dwindling number of college students coming into the field can’t fill the gap.”
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UK companies brace themselves for escalating battles with auditors [ Financial Times ]. UK companies are gearing up for conflicts with auditors next year as economic and political uncertainty add to the difficulty of signing off accounts and forecasting financial outlooks. Current rules don’t require this. Name checks out.
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