Accounting regulation in the UK: one nation, two sectors

Hodges, Ron and Mellett, Howard 2006. Accounting regulation in the UK: one nation, two sectors. [Working Paper]. Cardiff Working Papers in Accounting and Finance, Cardiff: Cardiff University.

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Abstract

This paper draws on the work of Streeck and Schmitter (1985) and its subsequent use by Puxty, et al (1987) to analyse the development of accounting regulation in the U.K. public sector. It provides an extension to prior literature through the application of a framework, based on modes of social order, to investigate divergence in the approaches to accounting regulation between the public and private sectors within a single nation state. Despite the advent of ‘New Public Management’, a different balance of the principles of regulation was established and continues to exist in the public sector when compared with that applied in the private sector, reflected by their respective approaches to due process. The conclusion is that the UK public sector accounting regulatory structure remains rooted in the state mode of social order and hence is different from that found in the private sector, despite the rhetoric of modernisation through the adoption of private sector management practices.

Item Type:	Monograph (Working Paper)
Date Type:	Publication
Status:	Published
Schools:	Schools > Business (Including Economics)
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HG Finance
Publisher:	Cardiff University
Date of First Compliant Deposit:	30 March 2016
Last Modified:	05 Oct 2015 12:38
URI:	https://orca.cardiff.ac.uk/id/eprint/77680

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