Obeying the rules: accounting for regulatory compliance costs in the United Kingdom
Article Abstract:
The liberal drive of the British government to rationalize its economic policy and minimize its involvement with business regulation has resulted in the development of an accounting-based technique called Compliance Cost Assessment (CCA). Designed by civil service policymakers, this accounting technology is used to appraise the costs to business of satisfying proposed new legislation to ensure that business interests are well served in policymaking. However, the CCA process does not act as a policy evaluation technique based on either rationality or objectivity. Instead, the technique has been used as a perceived rational tool to undermine regulatory growth and to represent the interests of certain sectors of society.
Publication Name: Accounting, Organizations and Society
Subject: Business
ISSN: 0361-3682
Year: 1996
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Sweeping it under the carpet: the role of accountancy firms in moneylaundering
Article Abstract:
Money laundering is usually undertaken with the knowledge and/or participation of accounting professionals. This point is illustrated by the case of AGIP Ltd, which was defrauded of millions of dollars in the form of illegal payments through Tunisia, England and France. The detection of the illicit transactions was hampered by the shell companies and bureaucratic maze created by accountants. A partner and an employee of accounting firm Jackson & Co were found by the court to have knowingly participated in the money laundering and helped misapply AGIP's funds. Despite the court's findings, British regulatory bodies still hesitated to investigate the matter, thus highlighting the weaknesses of the UK regulatory process.
Publication Name: Accounting, Organizations and Society
Subject: Business
ISSN: 0361-3682
Year: 1998
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Modes of regulation in advanced capitalism: locating accountancy in four countries
Article Abstract:
A framework is presented for studying how advanced capitalist nations regulate accounting practices. Regulation is characterized as an expression of the combined organizing principles of state, market, and community, based on critical use of Streeck and Schmitter's exploration of social order models. The analytical framework is then used to compare accounting regulation modes in the US, Great Britain, Sweden, and West Germany. The significance of contradictions between and within the principles of advanced capitalism are highlighted. An attempt is made to portray the regulation of accounting as a medium, and as an outcome of these contradictions' articulation.
Publication Name: Accounting, Organizations and Society
Subject: Business
ISSN: 0361-3682
Year: 1987
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