Year:
1999Issue:
SpringVolume:
18Number:
1Title:
Lessons from the LASMO/Enterprise AffairTitle (to sort by):
Lessons from the LASMO/Enterprise AffairPage Start:
78Page End:
86Topics:
Abstract:
The projected merger of LASMO and Enterprise Oil resulted in potential damage to the credibility of the UK accounting profession and drew attention to the flexible accounting practices of the UK's oil and gas industry. Disputes arising out of the LASMO/Enterprise merger may force accounting regulators to set prescriptive mandatory accounting standards.Citation:
Lessons from the LASMO/Enterprise Affair. Russell, Alex and Lyon, Robert, Spring 1999, pp. 78‑86.