Watching the watch‐dog

Richard Burger and William Dodsworth

Journal of Financial Regulation and Compliance, 2007, vol. 15, issue 4, 464-471

Abstract: Purpose - This paper seeks to consider the first ever report by the National Audit Office (NAO) on the economy, efficiency and effectiveness of the Financial Services Authority (FSA). Design/methodology/approach - This paper reviews the NAO's report and the FSA's response. Findings - The paper finds that the majority of the NAO's findings and recommendations have been accepted and incorporated into the FSA's planning. Originality/value - This paper will be of interest to regulated firms and regulatory and public law lawyers.

Keywords: Management accountability; Auditing; United Kingdom; Financial services (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfrcpp:v:15:y:2007:i:4:p:464-471

DOI: 10.1108/13581980710835290

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