Gresham's law revisited
Article Abstract:
Gresham's Law, which stated that bad money will drive out good, is applied to the accounting profession. Accounting clients will always prefer to hear that they owe less money in taxes than they really do, or that they can avoid paying taxes altogether with some planning. However, the accountant's ethical responsibility is to serve the client's best interests by laying all of the facts out to the client. Tax avoidance schemes are often half-baked ideas that turn on an obscure technicality. Rather than taking the approach that tax liability can always be 'fixed', accountants should have the courage to tell clients that there are times when the tax simply has to be paid.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1987
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Bending the rules
Article Abstract:
The Flexible Futures research project, which was commissioned by the Institute of Chartered Accountants for England and Wales, has found that up-and-coming accountants are demanding more flexibility in their work, as a matter of course, rather than as an option. If they are not allowed flexibility by a company, they simply leave and go elsewhere.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2001
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Banish the bugs from the system
Article Abstract:
The need for governments to provide transparency, accountability and good governance at the start of the twenty-first century is discussed, with reference to the role of accountants in Africa, especially in Sierra Leone.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2000
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