MORE than one third of Britain's financial directors believe the proposed two-year prison sentence for company directors who lie to auditors is insufficient punishment.
According to the Big Question survey, conducted by Reed Accountancy Personnel and Accountancy Age, 37 per cent of the 382 financial directors surveyed, believe the proposed two-year incarceration for company directors who defraud is an inadequate deterrent.
"Maybe there ought to be a scale of one-year for every million pounds of damage," said Paul Tonks, financial director of Hill McGlynn, in Southampton.
"So, for Enron-size whoppers, you would be put away for a long time."
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