Legislation Impact on Accountancy Profession and the Story of Sergei Leontyev

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This chapter analyzes the potential impact of recent legislation on the accountancy profession and delves into the story of Sergei Leontyev, a Russian banker who fled the country due to legal issues. It explores the accusations against Leontyev, the complexities of his case, and the effect of the war in Ukraine on his asylum case in the US, shedding light on Russia's situation. Additionally, it briefly mentions former Brazilian president Jair Bolsonaro and the jewelry gifts he received from Arab heads of states.

Lloyds Banking Group joins HSBC and US group Citi in ordering employees back into the office, a shortage of accountants is causing problems in the US and Brazil’s former president, Jair Bolsonaro, is caught up in a scandal over expensive jewellery from his time in office. Plus, the FT’s Courtney Weaver on the FT’s latest podcast series, ‘The Russian Banker’, about a controversial Russian financier who fled to the US.

Mentioned in this podcast:

Shortage of young accountants leads BDO USA to double offshore workforce

Brazil’s jewellery scandal adds to Jair Bolsonaro’s legal woes

UK banks tighten up on work from home

The Russian Banker, Part 1: The raid

The FT News Briefing is produced by Josh Gabert-Doyon, Manuela Saragosa, Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Monique Mulima, Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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