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Michael Hudson: ‘meaningless detail’ in audits causing delays

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Local government audit is in crisis. Strict adherence to the International Finance Reporting Standards (IFRS) is causing delays and accounts that are 'no longer

Backstop dates and disclaimers, the appearance of the asset ceiling, local government reorganisation, simplification of accounts. Stephen Sheen assesses an eventful 2024 in the world of audit and accounts, and looks at what might happen next.

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