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From the mailbag: more clarity on employment law.

Document Cited in Related
Vincent
AuthorFreeman, John
PositionForum

Perhaps it's not generally known that case law at employment tribunals is not necessarily supportive of accountants seeking the protection of conforming to their accountancy bodies' professional ethics.

I mention this fact as I noted in the November issue of Financial Management the article entitled "Hot Potato" setting out an accountant's concerns as to requirements to deviate from

The most important resource for many organisations is employees. Consider service industries, for instance, where high levels of individual skill are one of the key sources of competitive advantage. Continuity in these types of organisations depends heavily on a pipeline of new individuals coming through, either internally or externally, to well-established financial reporting requirements.

The advice from CIMA's head of ethics was soundly based and includes reference to ensuring "any reports" -"do not include materially false or misleading statements" and to consider taking legal advice.

That's good advice. However, what is the difference between materially false and misleading and, say, false and misleading? I wonder, if in contemplating such a step, if accountants are generally aware of the support from the law or otherwise.

Should the accountant in the...

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