I agree with Dennis, the ICAEW have "missed the mark" on this:
- They should have responded as a body as whole, not allowing an individual faculty to answer
- Their support of a formal independent review, as Dennis rightly points out, begs for yet more tax payers' money to be poured down the ever open gullets of the big four consultancy/accounting firms; producing no real value whatsoever
- The failure of HMRC is down to lax systems and lax attitudes; not costs savings targets, rightly imposed by the Treasury
This is where the ICAEW should be pushing the government, and this is the case that they should be making, not "fannying around" asking for consultants to be hired.
A missed opportunity.