The regulatory framework for financial reporting and auditing in the United Kingdom: the present position and impending changes

Stella Fearnley, Tony Hines

    Research output: Contribution to journalArticlepeer-review

    Abstract

    This paper provides an overview of the current regulatory framework for financial reporting and auditing in the United Kingdom. The framework remained stable for 10 years following significant reforms in 1990–1991. A further process of change is now taking place. These changes arise from three sources: refinements in the UK’s regulatory framework, the European Commission’s drive for a single capital market, and political interest in accounting regulation following the Enron collapse. The present position is explained and the future implications of recent and impending changes are considered.
    Original languageEnglish
    Pages (from-to)215-233
    Number of pages19
    JournalThe International Journal of Accounting
    Volume38
    Issue number2
    DOIs
    Publication statusPublished - 2003

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