All Offshore: the sprat, the mackerel, accounting firms, and the state in globalization

Willmott, Hugh ORCID: https://orcid.org/0000-0003-1321-7041 and Sikka, Prem 2009. All Offshore: the sprat, the mackerel, accounting firms, and the state in globalization. Chapman, Christopher S., Cooper, David J. and Miller, Peter B., eds. Accounting, Organizations, and Institutions: essays in Honour of Anthony Hopwood, Oxford: Oxford University Press, pp. 396-414. (10.1093/acprof:oso/9780199546350.003.0018)

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Abstract

Globalization has created opportunities for major businesses to roam the world and shop for regulation conductive to their interests. Major auditing firms are no exception and have used offshore financial centres to dilute their liability. This chapter provides a case study to show that major firms used their political and financial resources to craft Limited Liability Partnership law in Jersey. This was done at a time when the UK government was reluctant to grant further liability concessions to auditors. The firms subsequently used the Jersey scenario to exert pressure upon the UK government and secure liability concessions.

Item Type:	Book Section
Status:	Published
Schools:	Business (Including Economics)
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HF Commerce H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HG Finance J Political Science > JA Political science (General)
Uncontrolled Keywords:	Anthony Hopwood ; Accounting ; Audit ; Risk management ; Corporate governance ; Social science ; Management
Additional Information:	DOI for book: 10.1093/acprof:oso/9780199546350.001.0001
Publisher:	Oxford University Press
ISBN:	9780199546350
Related URLs:	http://www.oxfordscholarship.com/view/10... Publisher
Last Modified:	19 Oct 2022 10:09
URI:	https://orca.cardiff.ac.uk/id/eprint/23439

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