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Industry torn over audit sector criticism Industry torn over audit sector criticism The sector is failing society , according to one source
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The Institute for Public Policy Research (IPPR)’s claims that audit regulation is a “wild west” have been met with disapproval, with a leading industry body arguing that the issue is much broader.
The think tank published the claims in in a research paper last month. It argues that the audit sector is “failing society” and is the root cause for the flaws in the financial reporting system.
“Audit regulation really is a wild west at the moment – the purpose of it is incredibly narrow,” says Carsten Jung, senior economist at the IPPR.
How can tax systems help solve the climate emergency? Is it possible to tax digitalised businesses? And what tax challenges and solutions do ageing populations pose?
These complex, multifaceted questions and more were discussed in Accountancy Europe’s Future-proofing tax: make it green, digital, fair last week, which gathered speakers from around the tax world to discuss how to make taxation green, digital and fair.
Tax is the problem and the solution
Chiara Putaturo, EU Inequality and Tax Policy Advisor at Oxfam opened the panel section of the webinar by stating that a sustainable tax system allows recovery from the current crisis while taking into account the two challenges that are the most relevant for our time: inequality and climate change.