4 The current reporting and auditing environment
The financial reporting backcloth
Since most of our readers will be familiar with much of this material, the fuller version of this chapter is provided in Appendix 3.04.1. This omits many items that the well-versed reader already knows. Once again, financial reporting and corporate reporting will no doubt have fundamental changes. Pre-pandemic, environmental concerns were taking shape, but post-pandemic there will be other concerns – perhaps focusing on survival?
The pace of change
This has been and will continue to be hectic. Starting with the crisis facing Carillion and its collapse, there is a timeline which leads up to the CMA review, the Kingman review, the Brydon review, and then other ...
