Simon Bittlestone, discusses the impact of COVID-19 on smaller firms’ abilities to compete with the “Big Four” and what the solution to the audit problem is.
Simon Bittlestone, Metapraxis CEO, discusses the impact of COVID-19 on the smaller firms’ abilities to compete with the “Big Four” and how analytics is the real solution to the audit problem in Bloomberg Tax.
The issues we have been seeing in the audit sector have been ongoing for some time. Issues like the ones seen with Patisserie Valerie, Carillion, Metro Bank and Conviviality did not start at the outbreak of COVID-19, and they are unlikely to go away when it eventually dies down. Yet, some have expressed concern that the crisis will stifle efforts to increase the viability of the smaller, challenger firms to break the dominance of the Big Four accounting firms. READ MORE
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Metapraxis CEO since 2012 and serves on the global governing body of the Chartered Institute of Management Accountants. When out of the office he loves travelling, Twickenham and White Hart Lane!
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COVID-19 Impact on Audit and Tax
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Will the current trend for investor focus on profitability continue in the long term or is this just a response to the current economic climate? We discussed this and more at our most recent Financial focus dinner.
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