May 21: Accountancy contraction inevitable

Part 3: Jeremy Newman, chief executive of BDO International, says contraction of the accountancy sector is inevitable, but warns firms not to be short term and cut jobs too hard leaving future shortages. He tells Richard Milne, European business correspondent, that there will be more corporate failures and that Europe needs transparent 'stress tests' to restore confidence in its banks.

Financial Times | May 21, 2009

Tags:. .bdo. .tress. .newman. .milne. .shortages