The trouble with the truth is that motives can be misconstrued. However, as Churchill said, The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is.
In the week before Christmas, the final report of the Independent Review of the Financial Reporting Council (FRC), led by former senior civil servant Sir John Kingman, was published.
Just over a decade ago, the world experienced the financial crisis: ultra-high levels of financial volatility and a period of sharp decline in economic growth.