61 research outputs found
The UK's exit charge from the EU: insights from modes of accounting
Whatever the final charge on the UK for leaving the EU, the money itself is relatively marginal to the former's public finances. However, this charge is politically sensitive and financially aggravating during one of the longest periods of fiscal austerity in the UK's history. The ways in which leaving is conceptualized have implications for any continuing financial obligations that must be managed within the context of fiscal austerity and political uncertainty. Yet, leaving the EU is a unique transaction: it is not analogous, for example, to a divorce settlement, the leaving of a club, the termination of a commercial contract, the leaving of a treatyâbased international organization, or secession from a state. Analysing the formulation of the charge in terms of the four modes of government accountingâfinancial reporting, statistical accounting, budgeting, and fiscal sustainability projectionsâenhances its fiscal transparency. It evidences not only the weakness and inconsistency of the UK's negotiating position but also the dominance in EU thinking of the shortâterm budgetary calculations of the 2014â20 Multiannual Financial Framework over its longâterm sustainability without a large net contributor. The final amount paid by the UK will depend on the resolution of competing perspectives as well as on liabilities and contingent liabilities associated with the increasingly complex EU financial architecture
R.J. Chambers on Securities and Obscurities:Making a Case for the Reform of the Law of Company Accounts in the 1970s
The institutional change in the role of the public sector accountant in facilitating accountability: a longitudinal study of Australian local councils
An exploration of internal auditâs corporate social responsibility role â insights from South Africa
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