Introduction

Abstract

This book on margins of error in accounting covers mainly questions of measurement. For many years the formal accounting rules in various UK Companies Acts covered mostly disclosure (meaning what accounts show); only a few related to presentation (meaning how); and hardly any to measurement of assets and liabilities, income and expenses. There is evidence to suggest that institutional investors are more concerned with levels of disclosure than about underlying differences in recognition and measurement (Barker, 2001, p. 29).