Accounting professionals across the UK are pushing back against their regulator's enforcement approach. The core issue? They're calling for an end to public disclosure practices that name firms facing compliance challenges. Industry representatives argue that this 'name and shame' strategy creates unfair competitive disadvantages and can damage firms before formal findings are even concluded. The debate highlights growing tensions between regulatory transparency and industry concerns about due process. As crypto platforms increasingly face similar regulatory scrutiny, this discussion about how regulators balance public accountability with fair treatment deserves attention—especially for those navigating evolving compliance frameworks globally.
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FarmHopper
· 01-09 19:11
Oh no, this "public humiliation" tactic is really brilliant. They haven't even convicted yet, and they've already ruined the company's reputation.
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BugBountyHunter
· 01-09 19:08
NGL, this "calling out and shaming" logic is indeed a double-edged sword... Before a verdict is even reached, the company is already cooling off.
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SellTheBounce
· 01-09 19:07
Here we go again, the regulatory list system... human nature, it can never escape.
Accountants are now complaining, but crypto platforms have long tasted this experience. It seems transparent and open, but in reality, it's like condemning someone before they've been convicted—classic logic of "selling short before hitting the market bottom."
Wait, isn't the problem with the rules themselves?
Sell on a rebound, whoever gets nailed to the pillar of shame first is GG—it's not that simple.
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GasFeeLady
· 01-09 18:50
ngl the "name and shame" thing is lowkey just bad execution... like regulating without due process is basically a rug pull with extra steps, just saying 🤷
Accounting professionals across the UK are pushing back against their regulator's enforcement approach. The core issue? They're calling for an end to public disclosure practices that name firms facing compliance challenges. Industry representatives argue that this 'name and shame' strategy creates unfair competitive disadvantages and can damage firms before formal findings are even concluded. The debate highlights growing tensions between regulatory transparency and industry concerns about due process. As crypto platforms increasingly face similar regulatory scrutiny, this discussion about how regulators balance public accountability with fair treatment deserves attention—especially for those navigating evolving compliance frameworks globally.