Wyman to continue lobbying
Despite having ended his ICAEW presidency yesterday, Peter Wyman will continue to work for the government as part of its efforts to lobby the US for exemptions from the now notorious Sarbanes-Oxley Act.
Link: Peter Wyman: better than Kylie’s bottom?
‘This is something I will do as a representative for accountancy, working for and with the government. The government has asked me to help with Sarbanes-Oxley because they wanted continuity,’ he told Accountancy Age.
Wyman warned that, unless British and European negotiators get an exemption accepted by US watchdog the Securities and Exchange Commission before Christmas this year, UK accountants will have no choice but to comply with US regulations.’Six months from now, if we aren’t well on our way with developing a policy, we’ll be in trouble,’ he said.
Wyman added: ‘I want to see a package around mutual recognition, ideally on a pan-European basis, into the SEC – a set of principles everybody can understand and sign up to.’
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