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Tuesday, 10 April 2012

Are Accountants no better than Bankers???

Are Accountants no better than Bankers???

I must be dim.  It seems that companies can reduce tax liability through dodgy charitable donations and make a net gain overall.  The "charity" may in fact not exist and if it does, it might only receive a fraction of the original donation. 

Every limited company has to have its accounts audited each year by a suitably qualified accountant.  These experts are highly trained and at the top of their profession and can supposedly be trusted.  Aren't they meant to detect this sort of thing?  Aren't they legal liable if they do not?

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