Towards the European accountant

Article Abstract:

Current attempts to internationalize the accounting profession in member states of the European Economic Community will not significantly affect the profession in Great Britain at this time. The proposed rules affect only statutory auditing and insolvency practice. Other problems arise in the areas of titles, competencies, and prerogatives, since education and training vary from country to country. Other problems are: effectively monitoring and regulating auditors from other countries; inter-country legal differences; and testing of foreign auditors for competence in the accounting practices of a host country.

Standardization, International aspects, Accounting, European Economic Community

---

Regulating auditors: independence and incorporation

Article Abstract:

The British Department of Trade and Industry's May 1987 proposal for a new regulatory framework for auditors solicits responses on issues of auditor independence and incorporation. The Department suggests that auditor independence is best left to flexible, professional supervision rather than rigid, statutory rules. It is recommended that the current prohibition on corporate auditors be eliminated. Firms wishing to incorporate would be permitted to adopt the corporate form of their choice, within the limitations of the Department's directive.

Laws, regulations and rules, Auditing, Industry regulations, United Kingdom. Department of Trade and Industry, Government regulation of business, Trade regulation, Incorporation

---

Similar abstracts:

• Abstracts: The statistical association between Central Bank independence and inflation
• Abstracts: How accountants invented accounting and writing. A mine of useful information. A Scottish Farmer and His Accounts: 1822-23
• Abstracts: Inflation and the current cost confusion. Accounting for software development costs
• Abstracts: Dwelling in the tents of wickedness: the future of accounting education. The CA in the 1990s - An Invitation to Readers
• Abstracts: Deep Discounted Stock and the CGT Anomaly. Deferred consideration and earn-outs. Budget briefing

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.