The future of audit

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Much of my correct professional life is dedicated to work on the future of accounting and auditing. You might think that sounds boring but it is at least as important as worrying about what the government is up to because a handful of what are called PIEs- or Public Interest Entities- dominate a great deal of our economy and knowing what they are doing really matters. And that is not just a matter relating to finance. It's much bigger than that. So in that context in this video I suggest a whole new role for audit - which suggests it could be transformed to be the champion of ordinary people wanting to hold these companies to account in the future. I can dream, and this is one of my dreams right now.

ABOUT RICHARD MURPHY
Richard Murphy is a chartered accountant. After training with what is now KPMG he established his a firm of accountants in London, of which he was subsequently senior partner, in parallel with a career as an entrepreneur and company director which lasted until his early 40s. He then moved to a career in campaigning and academia. He co-founded the Tax Justice Network in 2003, the Green New Deal in 2008, the Fair Tax Mark in 2013 and the Corporate Accountability Network in 2019. From 2015 to 2020 he was Professor of Practice in International Political Economy at City, University of London and is now Visiting Professor of Accounting at Sheffield University Management School. His best known book is ‘The Joy of Tax’.

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Richard J Murphy, Economy, Economics, Accountancy, Accounting, Tax, UK Tax, UK Economy, Green New Deal, Scotland, Scottish independence, SNP, Scottish Nationalist Party