History and development
This timeline highlights some of the key dates in the development of UK accounting standards from the 1940s to the present. To find out more, take a look at our suggestions for further reading.
1942
The Taxation and Financial Relations (T&FR) Committee of the ICAEW was established in 1942 and was asked by the council of the ICAEW to ‘consider and make recommendations to [the council] on certain aspects of the accounts of companies’ and to publish ‘approved recommendations for the information of members’ (The Accountant, 12 December 1942).
The first ‘Recommendations on Accounting Principles’ were published in December 1942 on the subjects of Tax Reserve Certificates and War Damage Contributions, Premiums and Claims. These recommendations, and those that followed, provided members of ICAEW with early guidance on accounting practice.
youssou: all these people who are using the religion, muslim religion, to do bad things, i think senegal have examples. i think this country have models for the religion. this country, you know, you are here, i m doing my local bissap and you are with your beer and country 95% muslim. and, i think this example can help all the world. anthony: i hope so. inshallah. youssou: inshallah. [singing]
this dish, you can appreciate here, you can appreciate in mali also. anthony: so, what s the future? youssou: future? anthony: the future. 20 years from now, where will senegal be? youssou: what i hope is in 20 years, senegal is gonna be the place for great and big contribution of what we call islam. anthony: do you think there s any danger of, the kind of radical islam that we see taking hold in many places in africa? youssou: all these people who are using the religion, muslim religion, to do bad things, i think senegal have examples. i think this country have models for the religion. this country, you know, you are here, i m doing my local bissap and you are with your beer and country 95% muslim.
future? youssou: future? anthony: the future. 20 years from now, where will senegal be? youssou: what i hope is in 20 years, senegal is gonna be the place for great and big contribution of what we call islam. anthony: do you think there s any danger of, the kind of radical islam that we see taking hold in many places in africa? youssou: all these people who are using the religion, muslim religion, to do bad things, i think senegal have examples. i think this country have models for the religion. this country, you know, you are here, i m doing my local bissap and you are with your beer and country 95% muslim. and, i think this example can
20 years from now, where will senegal be? youssou: what i hope is in 20 years, senegal is gonna be the place for great and big contribution of what we call islam. anthony: do you think there s any danger of, the kind of radical islam that we see taking hold in many places in africa? youssou: all these people who are using the religion, muslim religion, to do bad things, i think senegal have examples. i think this country have models for the religion. this country, you know, you are here, i m doing my local bissap and you are with your beer and country 95% muslim. and, i think this example can help all the world. anthony: i hope so. inshallah. youssou: inshallah.