How are investors protected in the UK from companies who manipulate their figures in their financil statements?
For example in France, the accounting system is incorporated with the fisc. So there is less chance for French companies to cheat or not pay their taxes because it's more regulated. But in the UK, the fisc and accounting are two different entites. Both fisc and accounting are not part of the government unlike in France. So how are investors protected in such a way that companies presente the right figures and pay their taxes as they should? Thank you in advance.
Other - Business & Finance - 1 Answers
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Answer 1 :
Generally, UK standards are based on US ones = and In UK, HMRC (the Taxman) enforces them ..
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