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duncanjwitham

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  1. Like
    duncanjwitham got a reaction from Rammy03 in Embargo.   
    That's 2 different things, I think. I doubt very much the restated accounts will appear on Companies House - I'd be surprised if they even allow companies to restate accounts years after the fact.  They'll be submitted to the EFL, probably just as revised P&S statements, and we'll probably never see them.
    The other overdue accounts (18/19 and 19/20 IIRC) don't have to be approved by the EFL or anything, they'll go straight to Companies House when we're ready to submit them.  The EFL will only get involved if they look like they'll be close to the FFP thresholds.
  2. Like
    duncanjwitham got a reaction from Carl Sagan in Embargo.   
    That's 2 different things, I think. I doubt very much the restated accounts will appear on Companies House - I'd be surprised if they even allow companies to restate accounts years after the fact.  They'll be submitted to the EFL, probably just as revised P&S statements, and we'll probably never see them.
    The other overdue accounts (18/19 and 19/20 IIRC) don't have to be approved by the EFL or anything, they'll go straight to Companies House when we're ready to submit them.  The EFL will only get involved if they look like they'll be close to the FFP thresholds.
  3. Clap
    duncanjwitham got a reaction from Betty Swollocks in Embargo.   
    That's 2 different things, I think. I doubt very much the restated accounts will appear on Companies House - I'd be surprised if they even allow companies to restate accounts years after the fact.  They'll be submitted to the EFL, probably just as revised P&S statements, and we'll probably never see them.
    The other overdue accounts (18/19 and 19/20 IIRC) don't have to be approved by the EFL or anything, they'll go straight to Companies House when we're ready to submit them.  The EFL will only get involved if they look like they'll be close to the FFP thresholds.
  4. Clap
    duncanjwitham got a reaction from LE_Ram in Embargo.   
    Then the EFL need to make a decision as to whether they're just going to continue to outsource accounting competency (i.e. just keep with the single line rule that says clubs must comply with FRS102 and let the accountants deal with it), or whether they're going to take full control and write their own set of football-specific approved accounting standards. Obviously if they choose the later, it will need a proper vote by clubs, it will need an extensive process to decide what those rules are, it will need them to employ a bunch of accountancy experts to individually approve each clubs books, they will need proper enforcement processes in place, they'll need to deal with how it affects clubs being promoted/relegated in and out of the EFL, and it will obviously need the clubs to vote to pay for all of that.
    What can't carry on is for the EFL to have that single line rule, and then every now and then arbitrarily decide it wants to enforce some fantasy accounting standard that doesn't seem to exist in the real world because one club did something it arbitrarily decided it didn't like.
  5. Like
    duncanjwitham got a reaction from r_wilcockson in Embargo.   
    That's 2 different things, I think. I doubt very much the restated accounts will appear on Companies House - I'd be surprised if they even allow companies to restate accounts years after the fact.  They'll be submitted to the EFL, probably just as revised P&S statements, and we'll probably never see them.
    The other overdue accounts (18/19 and 19/20 IIRC) don't have to be approved by the EFL or anything, they'll go straight to Companies House when we're ready to submit them.  The EFL will only get involved if they look like they'll be close to the FFP thresholds.
  6. Clap
    duncanjwitham got a reaction from Sparkle in Embargo.   
    That's basically what I said though.  It doesn't need to be a completely new accounting code written from scratch, but if they're writing a whole load of new rules on top of the existing ones, then everything I said still applies - they still need proper consultations to write those rules, to pay in-house auditors to sign off on clubs accounts, proper enforcement and the clubs to pay for it etc etc.  They either need to document and publish *exactly* what they want clubs to do, or just leave it alone and trust that the accountants and auditors know what they're doing.
    Yeah, I read it as Kevin suggesting we make that the default process for everyone, but I think we had slightly crossed wires.
  7. Clap
    duncanjwitham got a reaction from RoyMac5 in Embargo.   
    That's 2 different things, I think. I doubt very much the restated accounts will appear on Companies House - I'd be surprised if they even allow companies to restate accounts years after the fact.  They'll be submitted to the EFL, probably just as revised P&S statements, and we'll probably never see them.
    The other overdue accounts (18/19 and 19/20 IIRC) don't have to be approved by the EFL or anything, they'll go straight to Companies House when we're ready to submit them.  The EFL will only get involved if they look like they'll be close to the FFP thresholds.
  8. Clap
    duncanjwitham got a reaction from kevinhectoring in Embargo.   
    That's basically what I said though.  It doesn't need to be a completely new accounting code written from scratch, but if they're writing a whole load of new rules on top of the existing ones, then everything I said still applies - they still need proper consultations to write those rules, to pay in-house auditors to sign off on clubs accounts, proper enforcement and the clubs to pay for it etc etc.  They either need to document and publish *exactly* what they want clubs to do, or just leave it alone and trust that the accountants and auditors know what they're doing.
    Yeah, I read it as Kevin suggesting we make that the default process for everyone, but I think we had slightly crossed wires.
  9. Clap
    duncanjwitham got a reaction from RoyMac5 in Embargo.   
    I haven't seen any of the interviews or anything, but I half wonder if he's said something about how he's hoping for positive news on Tuesday and people have just assumed something and run with it.
  10. Clap
    duncanjwitham got a reaction from richgee1976 in Embargo.   
    Then the EFL need to make a decision as to whether they're just going to continue to outsource accounting competency (i.e. just keep with the single line rule that says clubs must comply with FRS102 and let the accountants deal with it), or whether they're going to take full control and write their own set of football-specific approved accounting standards. Obviously if they choose the later, it will need a proper vote by clubs, it will need an extensive process to decide what those rules are, it will need them to employ a bunch of accountancy experts to individually approve each clubs books, they will need proper enforcement processes in place, they'll need to deal with how it affects clubs being promoted/relegated in and out of the EFL, and it will obviously need the clubs to vote to pay for all of that.
    What can't carry on is for the EFL to have that single line rule, and then every now and then arbitrarily decide it wants to enforce some fantasy accounting standard that doesn't seem to exist in the real world because one club did something it arbitrarily decided it didn't like.
  11. Like
    duncanjwitham got a reaction from i-Ram in Embargo.   
    Then the EFL need to make a decision as to whether they're just going to continue to outsource accounting competency (i.e. just keep with the single line rule that says clubs must comply with FRS102 and let the accountants deal with it), or whether they're going to take full control and write their own set of football-specific approved accounting standards. Obviously if they choose the later, it will need a proper vote by clubs, it will need an extensive process to decide what those rules are, it will need them to employ a bunch of accountancy experts to individually approve each clubs books, they will need proper enforcement processes in place, they'll need to deal with how it affects clubs being promoted/relegated in and out of the EFL, and it will obviously need the clubs to vote to pay for all of that.
    What can't carry on is for the EFL to have that single line rule, and then every now and then arbitrarily decide it wants to enforce some fantasy accounting standard that doesn't seem to exist in the real world because one club did something it arbitrarily decided it didn't like.
  12. Like
    duncanjwitham got a reaction from r_wilcockson in Embargo.   
    Then the EFL need to make a decision as to whether they're just going to continue to outsource accounting competency (i.e. just keep with the single line rule that says clubs must comply with FRS102 and let the accountants deal with it), or whether they're going to take full control and write their own set of football-specific approved accounting standards. Obviously if they choose the later, it will need a proper vote by clubs, it will need an extensive process to decide what those rules are, it will need them to employ a bunch of accountancy experts to individually approve each clubs books, they will need proper enforcement processes in place, they'll need to deal with how it affects clubs being promoted/relegated in and out of the EFL, and it will obviously need the clubs to vote to pay for all of that.
    What can't carry on is for the EFL to have that single line rule, and then every now and then arbitrarily decide it wants to enforce some fantasy accounting standard that doesn't seem to exist in the real world because one club did something it arbitrarily decided it didn't like.
  13. Clap
    duncanjwitham got a reaction from vonwright in Embargo.   
    Then the EFL need to make a decision as to whether they're just going to continue to outsource accounting competency (i.e. just keep with the single line rule that says clubs must comply with FRS102 and let the accountants deal with it), or whether they're going to take full control and write their own set of football-specific approved accounting standards. Obviously if they choose the later, it will need a proper vote by clubs, it will need an extensive process to decide what those rules are, it will need them to employ a bunch of accountancy experts to individually approve each clubs books, they will need proper enforcement processes in place, they'll need to deal with how it affects clubs being promoted/relegated in and out of the EFL, and it will obviously need the clubs to vote to pay for all of that.
    What can't carry on is for the EFL to have that single line rule, and then every now and then arbitrarily decide it wants to enforce some fantasy accounting standard that doesn't seem to exist in the real world because one club did something it arbitrarily decided it didn't like.
  14. Clap
    duncanjwitham got a reaction from LeedsCityRam in Embargo.   
    Then the EFL need to make a decision as to whether they're just going to continue to outsource accounting competency (i.e. just keep with the single line rule that says clubs must comply with FRS102 and let the accountants deal with it), or whether they're going to take full control and write their own set of football-specific approved accounting standards. Obviously if they choose the later, it will need a proper vote by clubs, it will need an extensive process to decide what those rules are, it will need them to employ a bunch of accountancy experts to individually approve each clubs books, they will need proper enforcement processes in place, they'll need to deal with how it affects clubs being promoted/relegated in and out of the EFL, and it will obviously need the clubs to vote to pay for all of that.
    What can't carry on is for the EFL to have that single line rule, and then every now and then arbitrarily decide it wants to enforce some fantasy accounting standard that doesn't seem to exist in the real world because one club did something it arbitrarily decided it didn't like.
  15. Clap
    duncanjwitham got a reaction from Indy in Embargo.   
    Then the EFL need to make a decision as to whether they're just going to continue to outsource accounting competency (i.e. just keep with the single line rule that says clubs must comply with FRS102 and let the accountants deal with it), or whether they're going to take full control and write their own set of football-specific approved accounting standards. Obviously if they choose the later, it will need a proper vote by clubs, it will need an extensive process to decide what those rules are, it will need them to employ a bunch of accountancy experts to individually approve each clubs books, they will need proper enforcement processes in place, they'll need to deal with how it affects clubs being promoted/relegated in and out of the EFL, and it will obviously need the clubs to vote to pay for all of that.
    What can't carry on is for the EFL to have that single line rule, and then every now and then arbitrarily decide it wants to enforce some fantasy accounting standard that doesn't seem to exist in the real world because one club did something it arbitrarily decided it didn't like.
  16. Clap
    duncanjwitham got a reaction from OohMartWright in Embargo.   
    Then the EFL need to make a decision as to whether they're just going to continue to outsource accounting competency (i.e. just keep with the single line rule that says clubs must comply with FRS102 and let the accountants deal with it), or whether they're going to take full control and write their own set of football-specific approved accounting standards. Obviously if they choose the later, it will need a proper vote by clubs, it will need an extensive process to decide what those rules are, it will need them to employ a bunch of accountancy experts to individually approve each clubs books, they will need proper enforcement processes in place, they'll need to deal with how it affects clubs being promoted/relegated in and out of the EFL, and it will obviously need the clubs to vote to pay for all of that.
    What can't carry on is for the EFL to have that single line rule, and then every now and then arbitrarily decide it wants to enforce some fantasy accounting standard that doesn't seem to exist in the real world because one club did something it arbitrarily decided it didn't like.
  17. Like
    duncanjwitham got a reaction from angieram in Embargo.   
    Then the EFL need to make a decision as to whether they're just going to continue to outsource accounting competency (i.e. just keep with the single line rule that says clubs must comply with FRS102 and let the accountants deal with it), or whether they're going to take full control and write their own set of football-specific approved accounting standards. Obviously if they choose the later, it will need a proper vote by clubs, it will need an extensive process to decide what those rules are, it will need them to employ a bunch of accountancy experts to individually approve each clubs books, they will need proper enforcement processes in place, they'll need to deal with how it affects clubs being promoted/relegated in and out of the EFL, and it will obviously need the clubs to vote to pay for all of that.
    What can't carry on is for the EFL to have that single line rule, and then every now and then arbitrarily decide it wants to enforce some fantasy accounting standard that doesn't seem to exist in the real world because one club did something it arbitrarily decided it didn't like.
  18. Clap
    duncanjwitham got a reaction from Ram-Alf in Embargo.   
    Then the EFL need to make a decision as to whether they're just going to continue to outsource accounting competency (i.e. just keep with the single line rule that says clubs must comply with FRS102 and let the accountants deal with it), or whether they're going to take full control and write their own set of football-specific approved accounting standards. Obviously if they choose the later, it will need a proper vote by clubs, it will need an extensive process to decide what those rules are, it will need them to employ a bunch of accountancy experts to individually approve each clubs books, they will need proper enforcement processes in place, they'll need to deal with how it affects clubs being promoted/relegated in and out of the EFL, and it will obviously need the clubs to vote to pay for all of that.
    What can't carry on is for the EFL to have that single line rule, and then every now and then arbitrarily decide it wants to enforce some fantasy accounting standard that doesn't seem to exist in the real world because one club did something it arbitrarily decided it didn't like.
  19. Clap
    duncanjwitham got a reaction from Van der MoodHoover in Embargo.   
    Then the EFL need to make a decision as to whether they're just going to continue to outsource accounting competency (i.e. just keep with the single line rule that says clubs must comply with FRS102 and let the accountants deal with it), or whether they're going to take full control and write their own set of football-specific approved accounting standards. Obviously if they choose the later, it will need a proper vote by clubs, it will need an extensive process to decide what those rules are, it will need them to employ a bunch of accountancy experts to individually approve each clubs books, they will need proper enforcement processes in place, they'll need to deal with how it affects clubs being promoted/relegated in and out of the EFL, and it will obviously need the clubs to vote to pay for all of that.
    What can't carry on is for the EFL to have that single line rule, and then every now and then arbitrarily decide it wants to enforce some fantasy accounting standard that doesn't seem to exist in the real world because one club did something it arbitrarily decided it didn't like.
  20. Clap
    duncanjwitham got a reaction from JuanFloEvraTheCocu'sNesta in Embargo.   
    Then the EFL need to make a decision as to whether they're just going to continue to outsource accounting competency (i.e. just keep with the single line rule that says clubs must comply with FRS102 and let the accountants deal with it), or whether they're going to take full control and write their own set of football-specific approved accounting standards. Obviously if they choose the later, it will need a proper vote by clubs, it will need an extensive process to decide what those rules are, it will need them to employ a bunch of accountancy experts to individually approve each clubs books, they will need proper enforcement processes in place, they'll need to deal with how it affects clubs being promoted/relegated in and out of the EFL, and it will obviously need the clubs to vote to pay for all of that.
    What can't carry on is for the EFL to have that single line rule, and then every now and then arbitrarily decide it wants to enforce some fantasy accounting standard that doesn't seem to exist in the real world because one club did something it arbitrarily decided it didn't like.
  21. Like
    duncanjwitham got a reaction from Will Hughes Hair in Embargo.   
    Then the EFL need to make a decision as to whether they're just going to continue to outsource accounting competency (i.e. just keep with the single line rule that says clubs must comply with FRS102 and let the accountants deal with it), or whether they're going to take full control and write their own set of football-specific approved accounting standards. Obviously if they choose the later, it will need a proper vote by clubs, it will need an extensive process to decide what those rules are, it will need them to employ a bunch of accountancy experts to individually approve each clubs books, they will need proper enforcement processes in place, they'll need to deal with how it affects clubs being promoted/relegated in and out of the EFL, and it will obviously need the clubs to vote to pay for all of that.
    What can't carry on is for the EFL to have that single line rule, and then every now and then arbitrarily decide it wants to enforce some fantasy accounting standard that doesn't seem to exist in the real world because one club did something it arbitrarily decided it didn't like.
  22. Clap
    duncanjwitham got a reaction from RoyMac5 in Accounts Submission Date Extension   
    If we fail FFP because of overspending in the resubmitted accounts, the punishments are proscribed in the rules - 1 point per £Xm overspend. There’s nothing to negotiate over there. If we’re negotiating, it’s almost certainly to do with exactly how the accounts will be resubmitted.
    I suppose there’s a slight chance we’re arguing mitigating circumstances regarding the overspend. But even then, I suspect it would be a case if us being given the full deduction and have to appeal it, not agree it before the fact.
  23. Like
    duncanjwitham got a reaction from Rampage in James Garner - joined Forest on-loan   
    I haven't seen that much of him, but isn't he more of a central midfielder? We've got much less competition there - he'd be competing with Bird, Shinnie and then the likes of Watson/Hutchinson for 2 places in the team.
  24. Clap
    duncanjwitham got a reaction from OohMartWright in Accounts Submission Date Extension   
    I don't think it's necessarily anything to do with a takeover. The compulsory strike-off thing is Companies House's process for dealing with companies that are failing to fulfil their duties - in our case almost certainly related to not filing accounts for 2+ years.  If my understanding is correct, we just file the accounts within the next couple of months and it gets removed.
  25. Haha
    duncanjwitham got a reaction from Dordogne-Ram in Hull City vs Derby County Matchday Thread   
    I don’t get it. Their keeper spilled the ball and we had a player stood near him ready to kick it in the net. Are you even allowed to do that? Why haven’t we tried this amazing new tactic before? ?
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