Professional Indemnity in the Professional Services Sector: A PwC Case Study
As professional service providers, tax consultants hold a crucial role in advising clients on various matters, including potential tax liabilities and tax minimalisation. Recent events serve as a call to action for the sector to re-evaluate its approach to confidentiality, integrity, and overall risk management. This not only involves rethinking internal controls, data management policies, and professional practices but also reviewing the broader regulatory landscape and accountability mechanisms in place. Laurence Basell – Honan’s Chief Operating Officer shares key take aways for consulting firms when it comes to managing risks effectively.
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