Sandilands Committee

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A committee chaired by Sir Francis Sandilands, set up in 1975 by the UK government to consider the most appropriate way to account for the effects of inflation in the published accounts of companies. It recommended current-cost accounting in preference to the current purchasing power accounting favoured by the accountancy bodies. With the subsequent reduction in inflation, current-cost accounting was largely abandoned during the 1980s and 1990s.

Subjects: Accounting.

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