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Full-Text Articles in Business
Development Of Group Accounting In The United Kingdom To 1933, John Richard Edwards, K. M. Webb
Development Of Group Accounting In The United Kingdom To 1933, John Richard Edwards, K. M. Webb
Accounting Historians Journal
The publication of consolidated accounts is an early example of innovative financial reporting procedures being introduced by U.S. companies before they were adopted in the U.K., where Nobel Industries (1922) is generally cited as the first holding company to prepare economic entity based financial reports. This paper produces evidence which shows that the publication of consolidated accounts, by British companies, began at least as early as 1910. Our research nevertheless confirms the generally held view that U.S. developments occurred earlier, and we explore a range of possible explanations for this phenomenon.
Development Of Compilations And Reviews, Larry Joe Rankin
Development Of Compilations And Reviews, Larry Joe Rankin
Accounting Historians Journal
The article reviews the significant events in the development of AICPA standards which led to the establishment of two types of CPA engagements on the financial statements of nonpublic businesses??pilations and reviews. As a part of this development, the article describes various CPA-user communication problems which resulted from unaudited financial statement engagements and limited procedure engagements.