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The reform of the UK’s auditor independence framework after the Enron collapse: an example of evidence-based policy making

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The reform of the UK’s auditor independence framework after the Enron collapse : an example of evidence-based policy making. / Fearnley, Stella; Beattie, Vivien.

In: International Journal of Auditing, Vol. 8, No. 2, 07.2004, p. 117-138.

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@article{da1ca816f9a7404cb5518aeb5d32a86b,
title = "The reform of the UK{\textquoteright}s auditor independence framework after the Enron collapse: an example of evidence-based policy making",
abstract = "Following the collapse of Enron, the UK government set up a high level group of regulators and ministers to co-ordinate a review of the UK regulatory framework, including the key area of auditor independence. The Accountancy Foundation Review Board (Review Board), which was at the time responsible for the independent oversight of the UK accountancy professional bodies, took the leading role in the auditor independence review.A programme of research was set up by the Review Board and studies were provided by other bodies. The results of the research were compiled into a paper which underpinned the Review Board's recommendations for change. This was fed into the government review process. In this paper, the research is summarised and the Review Board's evidence-based recommendations are presented and compared with the government's final position. Few differences are found. Insights are provided into the nature of the regulatory reform process and the quality of the evidence which underpinned it.",
keywords = "Auditor independence, UK government, post-Enron reform, accountancy profession oversight",
author = "Stella Fearnley and Vivien Beattie",
year = "2004",
month = jul,
doi = "10.1111/j.1099-1123.2004.00085.x",
language = "English",
volume = "8",
pages = "117--138",
journal = "International Journal of Auditing",
issn = "1090-6738",
publisher = "John Wiley and Sons Ltd",
number = "2",

}

RIS

TY - JOUR

T1 - The reform of the UK’s auditor independence framework after the Enron collapse

T2 - an example of evidence-based policy making

AU - Fearnley, Stella

AU - Beattie, Vivien

PY - 2004/7

Y1 - 2004/7

N2 - Following the collapse of Enron, the UK government set up a high level group of regulators and ministers to co-ordinate a review of the UK regulatory framework, including the key area of auditor independence. The Accountancy Foundation Review Board (Review Board), which was at the time responsible for the independent oversight of the UK accountancy professional bodies, took the leading role in the auditor independence review.A programme of research was set up by the Review Board and studies were provided by other bodies. The results of the research were compiled into a paper which underpinned the Review Board's recommendations for change. This was fed into the government review process. In this paper, the research is summarised and the Review Board's evidence-based recommendations are presented and compared with the government's final position. Few differences are found. Insights are provided into the nature of the regulatory reform process and the quality of the evidence which underpinned it.

AB - Following the collapse of Enron, the UK government set up a high level group of regulators and ministers to co-ordinate a review of the UK regulatory framework, including the key area of auditor independence. The Accountancy Foundation Review Board (Review Board), which was at the time responsible for the independent oversight of the UK accountancy professional bodies, took the leading role in the auditor independence review.A programme of research was set up by the Review Board and studies were provided by other bodies. The results of the research were compiled into a paper which underpinned the Review Board's recommendations for change. This was fed into the government review process. In this paper, the research is summarised and the Review Board's evidence-based recommendations are presented and compared with the government's final position. Few differences are found. Insights are provided into the nature of the regulatory reform process and the quality of the evidence which underpinned it.

KW - Auditor independence

KW - UK government

KW - post-Enron reform

KW - accountancy profession oversight

U2 - 10.1111/j.1099-1123.2004.00085.x

DO - 10.1111/j.1099-1123.2004.00085.x

M3 - Journal article

VL - 8

SP - 117

EP - 138

JO - International Journal of Auditing

JF - International Journal of Auditing

SN - 1090-6738

IS - 2

ER -