Accounting Law in Practice: Compliance, Consistency and Substance Focusing on the UK’s Implementation of EU Extractive Industry Country by Country Reporting of Government Payments to Governments

Chatzivgeri, E., Chew, L., Crawford, L., Gordon, M. and Haslam, J. 2017. Accounting Law in Practice: Compliance, Consistency and Substance Focusing on the UK’s Implementation of EU Extractive Industry Country by Country Reporting of Government Payments to Governments. 40th Annual Congress of the European Accounting Association. Valencia, Spain 10 - 12 May 2017

TitleAccounting Law in Practice: Compliance, Consistency and Substance Focusing on the UK’s Implementation of EU Extractive Industry Country by Country Reporting of Government Payments to Governments
AuthorsChatzivgeri, E., Chew, L., Crawford, L., Gordon, M. and Haslam, J.
TypeConference paper
Abstract

The passing into EU Law of a requirement that all companies domiciled in member states or listed on EU stock exchanges should publish a Report of Payments to Governments on the face of it is a victory for the civil society organizations long campaigning for the attendant increased transparency and accountability, a step towards better conditions and possibilities for many of the world’s poor. But it cannot be taken for granted. It was passed with a condition that it be reviewed (at both member state level, where a review can feed into the federal level review, and at the level of the EU), which is an opportunity to better it or a threat to reverse positive potentialities. The UK Brexit vote adds some uncertainty regarding the future of the law in the UK. And studies of manifestations of practices such as accounting and auditing (often intersecting with the law) caution against too much optimism as to their straightforward effectiveness. With a view to understanding this particular law in practice, so that it be strengthened and better function in line with its intended aims, we explore processes of its construction and early adoption in the UK. In a preliminary analysis, we elaborate how interpretations of the Law within the Extractives Industry run counter to the spirit or substance of the law and give rise to different and apparently problematic translations of the law into practice. Reflecting on our analysis, we make some recommendations as to ways forward.

KeywordsAccounting law; compliance; consistency; payments to governments
Year2017
Conference40th Annual Congress of the European Accounting Association
Accepted author manuscriptCbCR TO GOVERNMENTS EAA submission - no names (2).pdf

Related outputs

Tomorrow’s accounting and society’s future
Chatzivgeri, E., Paterson, A., Eliwa, Y. and Jackson, W. 2018. Tomorrow’s accounting and society’s future. in: Paterson, A., Yonekura, A, Jackson, W. and Jubb, D. (ed.) Contemporary Issues in Social Accounting Goodfellow Publishers. pp. 204-217

Cooperatives and family businesses
Chatzivgeri, E., Paterson, A, Paterson, S. and Wilson, M. 2018. Cooperatives and family businesses. in: Paterson, A., Yonekura, A., Jackson, W. and Jubb, D. (ed.) Contemporary Issues in Social Accounting Goodfellow Publishers. pp. 171-187

Accounting Law in Practice: Compliance, Consistency and Substance Focusing on the UK’s Implementation of EU Extractive Industry Country by Country Reporting of Government Payments to Governments
Chatzivgeri, E., Chew, L., Crawford, L., Gordon, M. and Haslam, J. 2017. Accounting Law in Practice: Compliance, Consistency and Substance Focusing on the UK’s Implementation of EU Extractive Industry Country by Country Reporting of Government Payments to Governments. British Accounting and Finance Association Annual Conference 2017. Edinburgh, United Kingdom 10 - 12 Apr 2017

Reports on Payments to Governments: A critical review of early developments and experiences
Chatzivgeri, E., Chew, L., Crawford, L., Gordon, M. and Haslam, J. 2017. Reports on Payments to Governments: A critical review of early developments and experiences. Aberdeen Robert Gordon University.

Reports on Payments to Governments: A report on early developments and experiences
Chatzivgeri, E., Chew, L., Crawford, L., Gordon, M. and Haslam, J. 2017. Reports on Payments to Governments: A report on early developments and experiences. Publish What You Pay International Secretariat and Publish What You Pay UK.

The Impact of Internationalization on Zero Leverage: Evidence from the UK
Chatzivgeri, E., Dontis-Charitos, P. and Sivaprasad, S. 2016. The Impact of Internationalization on Zero Leverage: Evidence from the UK. British Accounting and Finance Association Annual Conference 2016. Bath, United Kingdom 21 - 23 Mar 2016

The Determinants of Zero Leverage: Evidence from Multinational Firms
Chatzivgeri, E., Sivaprasad, S. and Dontis-Charitos, P. 2015. The Determinants of Zero Leverage: Evidence from Multinational Firms. International Finance and Banking Society Corporate Finance Conference. Saïd Business School, University of Oxford, United Kingdom, 12 - 13 Sep 2015

The Determinants of Zero Leverage: Evidence from Multinational Firms
Chatzivgeri, E., Sivaprasad, S. and Dontis-Charitos, P. 2015. The Determinants of Zero Leverage: Evidence from Multinational Firms. 5th International Conference of the Financial Engineering and Banking Society. Nantes, France 11 - 13 Jun 2015

Corporate reporting implication in migrating from defined benefit to defined contribution pension schemes: A focus on the UK
Josiah, J., Gough, O., Haslam, J. and Shah, N.S. 2014. Corporate reporting implication in migrating from defined benefit to defined contribution pension schemes: A focus on the UK. Accounting Forum. 38 (1), pp. 18-37. doi:10.1016/j.accfor.2013.10.003

Accounting for privatisation in Africa? Reflections from a critical interdisciplinary perspective
Josiah, J., Burton, B., Gallhofer, S. and Haslam, J. 2010. Accounting for privatisation in Africa? Reflections from a critical interdisciplinary perspective. Critical Perspectives on Accounting. 21 (5), pp. 374-389. doi:10.1016/j.cpa.2009.09.002

Permalink - https://westminsterresearch.westminster.ac.uk/item/q4446/accounting-law-in-practice-compliance-consistency-and-substance-focusing-on-the-uk-s-implementation-of-eu-extractive-industry-country-by-country-reporting-of-government-payments-to-governments


Share this
Tweet
Email