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The development of UK GAAP

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UK Gaap

Abstract

In the UK, the expression ‘GAAP’ is used more loosely than in most other countries; the reason for this is that GAAP does not have any statutory or regulatory authority or definition, as is the case in the US or Canada. Consequently, references to GAAP are rarely found in the literature in the UK, and where the expression is used, it is not adequately explained or defined.

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Author information

Authors and Affiliations

  1. Ernst & Young, USA

    Mike Davies, Ron Paterson & Allister Wilson

Authors
  1. Mike Davies
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  2. Ron Paterson
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  3. Allister Wilson
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© 1992 Ernst & Young

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Davies, M., Paterson, R., Wilson, A. (1992). The development of UK GAAP. In: UK Gaap. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-12998-0_1

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