ABSTRACT
Great Britain, the best known product of the committees work was the quarterly Accounting Research. If by creating the Taxation and Financial Relations Committee, the Council believed it had met a grievance by the appointment of one more committee, it seriously misjudged the portent of its deed. The old Taxation and Research Committee was renamed the Technical Advisory Committee (TAC), to avoid confusion with the new Research Committee. The Confederation of British Industry (CBI), the powerful spokesman for British industry, was formed in 1965 by the merger of three major bodies. The effectiveness of the Committees programme depends not so much on enforcement as on the enthusiastic adoption by members generally of the Councils policy and the definitive Standards. The Steering Committee tried to be good; it is determined to be strong. This programme is in the vanguard of the Councils resolve to carry out its duties under the Royal Charters to elevate the accountancy profession as a whole.
