This volume investigates the intersection of accounting practices and legal frameworks to determine how regulatory environments influence financial reporting and auditing standards. Edited by Michael Bromwich and Anthony Hopwood, the text compiles research presented at the Sixth Accounting and Auditing Research Symposium. It examines the tension between professional accounting autonomy and the increasing imposition of legal requirements on financial disclosure and corporate governance.

Experts recognize this collection as a significant historical record of the discourse surrounding accounting regulation during the late 20th century. Readers often note the academic density of the prose, which is intended primarily for researchers and professionals interested in the evolution of auditing standards.