Dearing: a transatlantic perspective

Article Abstract:

A comparison is made of the UK Consultative Committee of Accountancy Bodies' Dearing Committee report (Nov 1987) and the American Institute of Certified Public Accountants' (AICPA) Wheat Report (1971). The Wheat Report proposed that the setting of accounting standards be transferred from the AICPA to a three-tier independent body. The proposal was accepted and continues to work well. The Dearing Report, however, is criticized for being vague concerning the independence of the Accounting Standards Board, for not recommending that standards are set as publicly as possible, and for not addressing the topic of research.

Reports, American Institute of Certified Public Accountants

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In pursuit of a common purpose

Article Abstract:

The education and training offered by the Institute of Chartered Accountants of Scotland and the Institute of Chartered Accountants in England and Wales are nearly the same in important areas, and the programs are being moved closer together because firms across Britain want to meet the same professional needs and interests. The differences that are apparent can be resolved easily without sacrificing the excellent standards of either the English or Scottish Institute.

Institute of Chartered Accountants in England and Wales, Social policy, Training, Accountants, Institute of Chartered Accountants of Scotland

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