Accountancy and Audit

1.6 Million Companies fail to file annual accounts each year in Spain with no consequences

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Its hard to credit this but a recent report in an online newspaper exposes the parlous state of Spain’s compliance with EU rules (and its own laws) on company accounts filings. It seems that 2/3rds of Spanish companies completely ignore the regulations and they do so evidently with complete impunity. The annual accounts, or more …

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Spanish Bank Crisis – Were the Auditors Asleep on the Job?

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There is much in the news today about various firms of auditors being appointed to analyse the real bad debt situation that has caused the banking crisis. As a small scale Spanish auditor myself, I can’t help think that something has gone seriously wrong in the audit profession in Spain and it amazes me that …

Read moreSpanish Bank Crisis – Were the Auditors Asleep on the Job?