Skip to main content

Deregulation of Small Company Financial Reporting in the UK

  • Chapter
Contemporary Issues in Accounting Regulation

Abstract

Since the 1970s, the regulation of financial reporting and accounting by limited companies in the UK has increased considerably. Not only have successive Companies Acts required greater disclosure of information, but accounting standards have proliferated since the establishment of a standard-setting body in 1970.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 129.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 169.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 169.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Abdel-Khalik, A. Rashad, Collins, W. A., Shields, P. D., Snowball, D. H., Stephens, R. G. and Wragge, J. H. (1983). Financial Reporting by Private Companies: Analysis and Diagnosis. USA: Financial Accounting Standards Board.

    Google Scholar 

  • Accounting Standards Board (1996). Financial Reporting Standard for Smaller Entities. Exposure Draft. London: ASB.

    Google Scholar 

  • Accounting Standards Board (1997). Financial Reporting Standard for Smaller Entities. London: ASB.

    Google Scholar 

  • Accounting Standards Committee (1988). Statement by the Accounting Standards Committee on the Application of Accounting Standards to Small Companies. Technical Release 690, London: ASC.

    Google Scholar 

  • Accounting Standards Steering Committee (1975). The Corporate Report. London: ASSC.

    Google Scholar 

  • Barker, P. C., and Noonan, C. (1996). Small Company Compliance with Accounting Standards. Dublin: Dublin City University Business School.

    Google Scholar 

  • Berry, A., Citron, D., and Jarvis, R. (1987). The Information Needs of Bankers Dealing with Large and Small Companies. Research Report 7. London: ACCA.

    Google Scholar 

  • Berry, A., Faulkner, S., Hughes M. and Jarvis, R. (1993). Bank Lending: Beyond the Theory. London: Chapman and Hall.

    Google Scholar 

  • Berry, R. H., Crum, R. E. and Waring, A. (1993). Corporate Performance Appraisal in Bank Lending Decisions. London: CIMA.

    Google Scholar 

  • Berry, R. H. and Waring, A. (1995). A user perspective on ‘Making Corporate Reports Valuable, British Accounting Review, 27, pp. 139–152.

    Article  Google Scholar 

  • Carsberg, B. V., Page, M. J., Sindall, A. J. and Waring, I. D. (1985). Small Company Financial Reporting. London: Prentice Hall International.

    Google Scholar 

  • Companies Act 1985. London: HMSO.

    Google Scholar 

  • Consultative Committee of Accountancy Bodies (1994). Working Party Consultative Document, Exemptions from Standards on Grounds of Size or Public Interest. London: CCAB.

    Google Scholar 

  • Consultative Committee of Accountancy Bodies (1995a). Designed to Fit — a Financial Reporting Standard for Smaller Entities. Working Party Paper. London: CCAB.

    Google Scholar 

  • Consultative Committee of Accountancy Bodies (1995b). Comments on the Consultative Document, Exemptions from Standards on Grounds of Size or Public Interest. London: CCAB.

    Google Scholar 

  • Cosh, A., Duncan, J., and Hughes, A. (1996). Profitability and Finance, in Cosh, A. and Hughes, A. (eds.), The Changing State of British Enterprise. ESRC Centre for Business Research, Cambridge: Cambridge University.

    Google Scholar 

  • Department of Trade and Industry (1995). Accounting Simplifications. Consultative Document, London: DTI.

    Google Scholar 

  • Department of Trade and Industry (1997). Companies in 1996-97. London: The Stationery Office.

    Google Scholar 

  • Diamantopoulos, A., and Schlegelmilch, B. B. (1997). Taking the Fear Out of Data Analysis. London: Dryden Press.

    Google Scholar 

  • Falk, H., Godbel, B. C., and Naus, J. H. (1976). Disclosure for closely held corporations, Journal of Accountancy, October.

    Google Scholar 

  • Harvey, D., and Walton, P. (1996). Differential Reporting — An Analysis. The Foundation for Manufacturing and Industry, January, London.

    Google Scholar 

  • Holgate, P. (1995). Big chance, little effort, lots of benefits, Accountancy, April, pp. 93–94.

    Google Scholar 

  • Hussey, J. and Hussey, R. (1994). How Companies Succeeded in the Recession. London: Kingston Smith.

    Google Scholar 

  • Hussey, R. ed. (1995). A Dictionary of Accounting. Oxford: Oxford University Press.

    Google Scholar 

  • Jarvis, R. (1996). Users and Uses of Unlisted Companies’ Financial Statements — A Literature Review. London: ICAEW.

    Google Scholar 

  • Keasey, K., and Short, H. (1990). The accounting burdens facing small firms: an empirical research note, Accounting and Business Research, Vol. 20, No. 80, pp.307–313.

    Article  Google Scholar 

  • Langfield-Smith, I. A. (1991). The Reporting Entity Concept: Implementation under the Corporations Law. AARF.

    Google Scholar 

  • McMonnies, P. N., ed. (1988). Making Corporate Reports Valuable. Discussion Document by the Research Committee of the Institute of Chartered Accountants in Scotland, London: Kogan Page.

    Google Scholar 

  • Milne, T., and Thomson, M. (1986). Patterns of successful business start up, in Faulkner, T., Gower, G., Lewis, J., and Gibbs, A. (eds.), Readings in Small Business. London: Gower.

    Google Scholar 

  • Page, M. J. (1984). Corporate Financial Reporting and the Small Independent Company, Accounting and Business Research, Vol. 14, No.55, pp. 271–282.

    Article  Google Scholar 

  • Solomons, D. (1989). Guidelines for Financial Reporting Standards. London: ICAEW.

    Google Scholar 

Download references

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2001 Springer Science+Business Media New York

About this chapter

Cite this chapter

Collis, J., Dugdale, D., Jarvis, R. (2001). Deregulation of Small Company Financial Reporting in the UK. In: McLeay, S., Riccaboni, A. (eds) Contemporary Issues in Accounting Regulation. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-4589-7_10

Download citation

  • DOI: https://doi.org/10.1007/978-1-4615-4589-7_10

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4613-7073-4

  • Online ISBN: 978-1-4615-4589-7

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics