Stilted jargon and complex constructions are usually the villains
It pays to speak plain English Li explains the underlying argument for the plain English disclosure regulation as follows: One, firms could use vague language and format in disclosure to hide adverse information; and two, the average investors may not understand complex documents and this could result in capital market inefficiency. More
Form 2F hassles
A quick way to turn good husbands into bad accountants"Never call an accountant a credit to his profession; a good accountant is a debit to his profession." That's a quote of Charles Lyell (1797-1875), a British lawyer who also dabbled in geology.
Not a kind quote, you'd agree. But, if you look closer home, we have in our Finance Minister, a lawyer who may be equally unfavourably inclined to accountants, if the past is any indicator. Take, for instance, the service tax imbroglio. The accounting tribe has often been protesting against discriminatory moves, though what starts off as a vociferous war cry ultimately dies down with as a meek whimper. More
