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Directors increasingly demand proper accounts, and annual general meetings can be contentious.
The development of equity markets also encourages formalisation, since companies that want to float need proper accounts.
"Businesses will insist on transparency and proper accounts".Cleaning-up operationsThere are some signs that this is already happening.
As a tax collector in Boston, he neglected to collect the public levies and to keep proper accounts, thus exposing himself to suit.
In short, the bail-out is still going on.What the AMCs have done with their assets is unclear, as they have not released proper accounts.
Mr Oyekunle says this has encouraged formerly chaotic companies to keep proper accounts, which in turn makes it easier for them to do business with each other.
Similar(44)
It wants a proper accounting.
Self-evidently there is no proper accounting for this money.
"Proper accounting principles in this case were not even discussed," he moaned.
The hotel did not have anything like a proper accounting system.
"Perhaps the biggest immediate benefit was to persuade us to institute a proper accounting system.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com