Article Abstract:
Most accountancy partnerships and sole practitioners are facing increased challenges concerning their future legal status. Larger firms are looking at different corporate structures, such as KPMG, which has incorporated its audit practice as a plc. However some are critical of the promotion of the Jersey legislation, and believe that partnerships are a good way to practise, with no intentions of seeking limited liability status in Jersey. Many accountants favour some method of proportionate liability, according to a Law Commission report on joint and several liability.
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Article Abstract:
There has been heated debate about the curriculum of accountancy degree courses in both the US and the UK over the past 10 years. All Institute of Chartered Accountants in Scotland entrants had to have a cognate degree or have taken a postgraduate conversion course in the early 1980s. The Institute of Chartered Accountants in England and Wales had also considered this type of entry, but recognised that non-cognate graduates performed as well as cognate graduates.
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Article Abstract:
Environmental audits are intended to measure the environmental impact of a business development according to strict legal requirements. They are performed to avoid potential risks from prosecution and to promote good public relations. A definition is given. Various environmental audits are available covering compliance, health and safety insurance risks, due diligence and product-quality. Audit procedures are discussed.
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