Dearing and after: great expectations
Article Abstract:
The Dearing Report articulated a new framework for the setting of accounting standards in the UK that would increase the involvement of the users of financial statements in the standard-setting process. The new framework consists of an Accounting Standards Board (ASB), whose members have the technical skills to create accounting standards, the Financial Reporting Council, a group representing a wide range of financial statement users which has the authority to appoint members to the ASB, and the Review Panel, which under the provisions of the Companies Act of 1989, has the authority to challenge accounts which it feels display discrepancies in court.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1990
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Harmonisation, at the right time
Article Abstract:
UK companies are considering adopting International Accounting Standards (IAS) as an alternative to the UK Generally Accepted Accounting Principles. Although harmonizing accounting standards with the EU is desirable, immediate acceptance of IASs could lead to abuse. There is no compelling reason to adopt IASs.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1999
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