ABSTRACT
The ‘end of bull market’ scandals raging around the business world and the finance sector have catalysed an intense examination of the way in which the mechanisms of corporate governance, public trading of companies and the accounting practices that underpin our modern markets interact. Since mid-2002 legislative, regulatory and voluntary disciplines guiding corporations, as well as capital and investment markets, have come under intense scrutiny and, almost certainly, will be subject to a major overhaul. Recent legislative changes in the USA overseeing new disciplines for accounting, corporate accountability and the public trading of companies confirm this.
