1.   In local authorities, the law plays an equally important, probably more important, part in accounting standards.

2.   It is possible that proposals for revisions to accounting standards on these subjects will be made in the future.

3.   Since these appropriation accounts are on the cash basis, accounting standards would hardly seem relevant.

4.   The only answer to this is to develop a comprehensive programme of accounting standards and to enforce them vigorously.

5.   This move has greatly strengthened the regulatory force of accounting standards.

6.   The cost of obtaining actuarial valuations for purposes of adjusting to the applicable UK accounting standard is considered to be out of proportion to the benefits to be gained.

7.   We will monitor the further developments and pronouncements of the several bodies presently addressing the subjects of corporate governance and accounting standards.

8.   Also in danger of being lost is the usefulness of accounting standards in forcing managements not to be too greedy at the expense of shareholders.

9.   And the teen-age trader was not yet born when accounting standards were dutifully followed, not flouted, by corporations.