A new accountancy watchdog, the Audit, Reporting and Governance Authority (ARGA), would be launched to implement the changes, replacing the Financial Reporting Council (FRC). It would have legal powers to force auditors and companies to resubmit their accounts without the need for court action.
However, charity shops are better prepared this time, Mr Osterley said. Take for example Stockport hospice charity, Beechwood Cancer Care. There's been a queue of customers at its Heald Green precinct. But it is only open to shoppers, not droppers, this week.