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- Title
NEW BRITISH ACCOUNTING RECOMMENDATIONS.
- Authors
Hein, Leonard W.
- Abstract
On December 10, 1959, the Company Law Committee was appointed by the President of Great Britain Board of Trade to investigate and recommend changes in the current company law, primarily in the Companies Act, 1948. Lord Jenkins, a prominent British jurist, was appointed chairman, and included among the other thirteen members were William H. Lawson, past-president of the Institute of Chartered Accountants in England and Wales, and William Watson, a Scottish chartered accountant and treasurer of the Bank of Scotland. The Committee has now reported its recommendations. The Jenkins Committee sent a memorandum to certain organizations and individuals requesting their views on various aspects of companies' legislation. The Jenkins Committee made a number of recommendations, the majority of which are of comparatively little interest to the members of the American accounting profession. It is interesting to speculate whether the recommendations of the Jenkins Committee will be enacted into law. The Committee made no attempt to draft its recommendations into statutory form. It is therefore quite possible that the draftsmen of the bill will not carry out the Committee's intent in some areas.
- Subjects
UNITED Kingdom; ACCOUNTING; CORPORATION law; AUDITING; COMMITTEES; HISTORICAL costs (Accounting); GREAT Britain. Board of Trade; JENKINS, David; LAWSON, William H.; WATSON, William; LEGISLATIVE bills
- Publication
Accounting Review, 1963, Vol 38, Issue 2, p252
- ISSN
0001-4826
- Publication type
Article