Creative accounting and the cross-eyed javelin thrower
By: Doreen McBarnet and Christopher Whelan.
Contributors: Whelan, Christopher J.
Publisher: J. Wiley
Published: 1999
Place of publication: Chichester; New York
Language: eng
Number of pages: 350
Subjects: Financial statements -- Great Britain; Corporations -- Great Britain -- Accounting; Corporations -- Corrupt practices -- Great Britain -- Accounting
Description: "Creative accounting is one of the primary targets of the new regime of financial reporting in the UK. The campaign to clean up accounts has been spearheaded by Sir David Tweedie, Chairman of the Accounting Standards Board. Armed with new weapons, the Financial Reporting Review Panel has been created to police company accounts. Courts can now order directors to revise accounts and hold them personally liable for all the costs involved.".

"When Sir David Tweedie is asked whether the new regime will win the battle against creative accounting he responds, characteristically, with a joke. 'We're like a crossed-eyed javelin thrower competing at the Olympic Games: we may not win but we'll keep the crowd on the edge of its seats!'".

"Based on extensive research, the book asks: Is the new regime winning? Are there still 'perfectly legal' loopholes for companies to exploit? Who would win in court? Can the 'spirit of the law' be enforced? Will creative accounting end in 'creative control?"--BOOK JACKET.
Notes: Includes bibliographical references (p. [333]-337) and indexes.