The Financial Reporting Council (the UK accounting watchdog)has given the Big4 firms four years to split their audit and consulting businesses in an effort to improve corporate reporting following a string of high-profile accounting scandals. The ACSB should adopt this move as it will improve the quality of financial reporting in Canada.

Modifications to the accounting profession are needed considering the recent pandemic and how it impacted global economies and workforces. Corporations (not governments) should be responsible for establishing accruals for events such as COVID; providing workers with a minimum cushion of 6 months income; projecting future benefits based on trends such as modified work environments or

The post The Financial Reporting Council (the UK accounting watchdog)has given the Big4 firms four years to split their audit and consulting businesses in an effort to improve corporate reporting following a string of high-profile accounting scandals. The ACSB should adopt this move as it will improve the quality of financial reporting in Canada. appeared first on Essay Heroes.