Audit proposals not enough to clean-up scandal-ridden industry, campaigners say

The UK government’s audit reform proposals don’t go far enough to fix the scandal-ridden industry, not least because they fail to adequately cover fundamental issues like climate change and reform of underlying accounting principles, warned 9 campaign groups and experts including Greenpeace, ClientEarth, the Fair Tax Foundation and academics from Sheffield and City Universities. Professor Atul Shah, City University, said: “It’s been over 4 years since the Carillion scandal, but despite numerous reports and a parliamentary inquiry the government has set out watered down plans with no clear implementation date.…

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