Public knowledge

Part of the Big Four accountancy firms’ business objectives is to engage with government. Each partnership has a public affairs function. Much to the chagrin of Public Accounts Committee chair Margaret Hodge, they provide staff on secondment to work at HM Revenue & Custom and HM Treasury. At least one firm offers free help to HM Opposition too. They also have tax policy directors whose brief includes commenting on tax legislation. This ongoing engagement serves several purposes: it provides the Big Four with an understanding of government policy, it gives them the opportunity to improve legislation and it can be said to be for the common good.

A different approach

Law firms tend to take a different approach. They may engage with politicians via a public affairs agency or rely on their representative body, the Law Society, to speak out for the profession. Generally they shy away from running a public engagement programme.

After all the changes that the