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Describe the general development of financial accounting regulation in the United Kingdom from 1970 to the present day.

Date Submitted: 12/29/2002 21:56:02
Category: / Business & Economy / Accounting
Length: 4 pages (1066 words)
The role of financial accounting in today's business environment is undeniably important. The information provided by accountants can have major influences over a number of different people and parties, from a firm's management team, to an external investor. Here in the UK, we have a large and complex stock market system as well as broad based community of investors. As such, it is vital that the profession be properly regulated and monitored. The fundamental principle …
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…ASB Web Site - http://www.asb.co.uk ACCA Web Site - http://www.accaglobal.com Accounting: An Introduction - McLaney & Atrill (1999) Alex Russell of the University of Minnesota's School of Management - http://www.csom.umn.edu/WWWPages/COURSES/ACCT/5310/UK.htm BBC News Online - http://news.bbc.co.uk International Accounting Standards Board Web Site - http://www.iasc.co.uk The Guardian Online - http://www.guardian.co.uk/
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