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All Offshore: The Sprat, the Mackerel, Accounting Firms, and the State in Globalization

Sikka, P and Willmott, H (2009) 'All Offshore: The Sprat, the Mackerel, Accounting Firms, and the State in Globalization.' In: Chapman, CS and Cooper, DJ and Miller, PB, (eds.) Accounting, Organizations, and Institutions: essays in Honour of Anthony Hopwood. Oxford University Press, 396 - 414. ISBN 9780199546350

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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
Uncontrolled Keywords: Anthony Hopwood; Accounting; Audit; Risk management; Corporate governance; Social science; Management
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)
Divisions: Faculty of Social Sciences > Essex Business School
Depositing User: Jim Jamieson
Date Deposited: 17 Dec 2012 12:31
Last Modified: 17 Aug 2017 18:05
URI: http://repository.essex.ac.uk/id/eprint/4739

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