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This paper is concerned with the recommendations of the Committee on the Financial Aspects of Corporate Governance under the Chairmanship of Sir Adrian Cadbury (Final Report 1st December, 1992). The paper analyses the recommendations of the Committee with particular reference to the establishment of a Code of Practice and offers a critical evaluation of the Committees proposals within the broader frame of the internal regulation of corporate power. It specifically analyses the recommendations made with regard to auditors' liability and offers an assessment of the importance of gaining a regulatory perspective on the operation of the accounting profession with regard to the auditing of public companies.
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© MCB UP Limited
1993
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