Parliament says:- "The state of Regulatory Compliance in the UK is so bad as to be farcical" - I paraphrase. The blame lies fairly and squarely with BEIS, ICAEW, FRC, FCA and the SRA.
Today's APPG report makes good reading for all the grubby fee-gouging accountants, solicitors and money-managers. Nothing will change - YET. https://www.appgifffs.org/wp-content/uploads/2024/11/FINAL-Call-for-Evidence-Report-PUBLIC.pdf Page 338/9 - Somebody else wants to get the "tickers" to do a regulatory compliance audit, but they all have conflicts because of the likes of Deloittes and KPMG (where the ICAEW is complicit in deliberate and criminal law breaking)