The purpose of this chapter is to analyse the powers of the regulatory institutions in both the US and the UK in order to assess their influence upon litigation. This analysis is confined to a description of the enforcement powers of each of the institutions over an accountant or accounting firm and the ways in which those powers are enforced. The chapter also highlights the differences between the two countries.
KeywordsStock Exchange Criminal Proceeding Disciplinary Action Accounting Firm Certified Public Accountant
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