In this chapter we examine the Board of Referees, an innovative administrative body established in 1915 with the remit of resolving certain questions relating to the assessment of the wartime Excess Profits Duty. The Board is particularly notable for its composition of eminent members of the...

This article explores the manipulation of published financial reports in order to counter the potentially unfavourable impact of newly introduced regulation. In this case the reported capital ratio of a major building society was enhanced using a sale and leaseback transaction with a related...