The Lord Sikka of Kingswood | |
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 Official portrait, 2022 | |
| Born | 1 August 1951 |
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| Fields | Accounting |
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Prem Nath Sikka, Baron Sikka (born 1 August 1951) [1] is a British-Indian accountant and academic. He holds the position of Professor of Accounting at the University of Sheffield, and is Emeritus Professor of Accounting at the University of Essex.
Sikka migrated to the UK from India with his family in 1966, and left school two years later with five passes at CSE. [2] [3] He has said of his parents that they "were working-class people – and work killed them in the end": his mother died at the age of 53 and his father, a Labour Party activist, died at 59. He then became an accounts clerk with an insurance broker in London. He pursued his education via part-time study, gaining O-levels and A-levels before qualifying as a Chartered Certified Accountant from the Association of Chartered Certified Accountants in 1977. [3]
Sikka worked in corporate accountancy during the 1970s, before joining North East London Polytechnic as a lecturer in 1979, where he progressed to become a Senior Lecturer the following year, a Principal Lecturer in 1986, a Reader in 1993, and a professor in 1995, before leaving the institution (now the University of East London) in 1996. [3] In 1982, he earned a master's degree in Accounting and Finance from the London School of Economics. In 1991, he earned a PhD in accounting from the University of Sheffield. In 1995 he earned a bachelor's degree in Social Sciences from the Open University. [4] In 1996, Sikka joined the faculty of the University of Essex, where he now holds the position of Emeritus Professor. In 2017, he joined the University of Sheffield as Professor of Accounting. [5] [6]
Sikka is a co-founder of the Tax Justice Network, and has served as a Senior Adviser to it since its establishment in 2002. [3] Through this he became involved in politics, briefing the Socialist Campaign Group before becoming involved in policy development for Jeremy Corbyn and John McDonnell during their time as Labour Party leader and Shadow Chancellor of the Exchequer respectively, working on issues related to tax, corporate governance and executive pay. [2]
He describes his hobbies as "travel, movies, table-tennis, badminton, music, Bollywood (1960s and 1970s), supporting West Ham, afflicting the comfortable and tormenting dinosaurs". [3]
Sikka is an outspoken critic of the accounting profession, particularly with regard to its roles in auditing public corporations and helping transnational corporations avoid taxes. He has written about auditing failures, corporate governance issues, money laundering, insolvency and tax avoidance for The Guardian since 1990. He has also written for The Independent and HuffPost .
Sikka's research has been described as being about the "dark side of capitalism". [6] In May 2017 Sikka featured in the documentary The Spider's Web: Britain's Second Empire on the UK's relationships with tax havens. [7]
Sikka's active use of the media as an academic to criticise the accounting profession has itself been the subject of academic research. [8]
He was nominated for a life peerage in the 2020 Political Honours and created Baron Sikka, of Kingswood in Basildon in the County of Essex on 10 September. [9]
Sikka's academic research has examined problems in auditing, tax avoidance, corporate social responsibility, and corporate governance. According to Google Scholar, the following academic publications by Sikka have been cited over 100 times as of January 2019:
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used interchangeably.
An accountant is a practitioner of accounting or accountancy. Accountants who have demonstrated competency through their professional associations' certification exams are certified to use titles such as Chartered Accountant, Chartered Certified Accountant or Certified Public Accountant, or Registered Public Accountant. Such professionals are granted certain responsibilities by statute, such as the ability to certify an organization's financial statements, and may be held liable for professional misconduct. Non-qualified accountants may be employed by a qualified accountant, or may work independently without statutory privileges and obligations.
Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world. It is generally equivalent to the title of chartered accountant in other English-speaking countries. In the United States, the CPA is a license to provide accounting services to the public. It is awarded by each of the 50 states for practice in that state. Additionally, all states except Hawaii have passed mobility laws to allow CPAs from other states to practice in their state. State licensing requirements vary, but the minimum standard requirements include passing the Uniform Certified Public Accountant Examination, 150 semester units of college education, and one year of accounting-related experience.
A limited liability partnership (LLP) is a partnership in which some or all partners have limited liabilities. It therefore can exhibit aspects of both partnerships and corporations. In an LLP, each partner is not responsible or liable for another partner's misconduct or negligence. This distinguishes an LLP from a traditional partnership under the UK Partnership Act 1890, in which each partner has joint liability. In an LLP, some or all partners have a form of limited liability similar to that of the shareholders of a corporation. Depending on the jurisdiction, however, the limited liability may extend only to the negligence or misconduct of the other partners, and the partners may be personally liable for other liabilities of the firm or partners.
Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA). It has 240,952 members and 541,930 future members worldwide. ACCA's headquarters are in London with principal administrative office in Glasgow. ACCA works through a network of over 110 offices and centres in 51 countries - with 346 Approved Learning Partners (ALP) and more than 7,600 Approved Employers worldwide, who provide employee development.
The Financial Reporting Council (FRC) is an independent regulator in the UK and Ireland based in London Wall in the City of London, responsible for regulating auditors, accountants and actuaries, and setting the UK's Corporate Governance and Stewardship Codes. The FRC seeks to promote transparency and integrity in business by aiming its work at investors and others who rely on company reports, audits and high-quality risk management.
Accounting ethics is primarily a field of applied ethics and is part of business ethics and human ethics, the study of moral values and judgments as they apply to accountancy. It is an example of professional ethics. Accounting was introduced by Luca Pacioli, and later expanded by government groups, professional organizations, and independent companies. Ethics are taught in accounting courses at higher education institutions as well as by companies training accountants and auditors.
The following outline is provided as an overview of and topical guide to accounting:
Richard Murphy is a former British chartered accountant and political economist who campaigns on issues of tax avoidance and tax evasion. He advises the Trades Union Congress on economics and taxation, and founded the Tax Justice Network. He is a Professor of Accounting Practice at University of Sheffield Management School.
The Accountant is the "oldest accountancy journal in the world". It was initially developed as a journal of accountancy issues in the UK, but has since expanded to cover broad global issues. Today, The Accountant is published monthly and reports on a range of topics, including changes in accounting standards, corporate reporting, audit quality, staff shortages, technology, IFRS, succession planning, tax and auditor liability.
The Institute of Certified Public Accountants in Israel is a voluntary body of licensed accountants established in 1931. Presently, over 12,000 Israeli Certified Public Accountants are members of the institute. The Institute oversees the accountancy and auditing professions in Israel.
Accounting research examines how accounting is used by individuals, organizations and government as well as the consequences that these practices have. Starting from the assumption that accounting both measures and makes visible certain economic events, accounting research has studied the roles of accounting in organizations and society and the consequences that these practices have for individuals, organizations, governments and capital markets. It encompasses a broad range of topics including financial accounting research, management accounting research, auditing research, capital market research, accountability research, social responsibility research and taxation research.
Ernest Anthony (Tony) Lowe was a British economist, and Professor of Accounting and Financial Management at the University of Sheffield, known for his work on management control, and management control systems.
Joni J Young is an American accounting academic.
Yves Gendron is a Canadian accounting academic at Laval University in Quebec. He is a qualitative researcher, largely known for his studies in corporate governance, social accountability of auditors, and professional legitimacy. He is co-editor-in-chief of Critical Perspectives on Accounting.
Marcia Annisette is a Trinidadian-Canadian accounting academic, and currently the Vice Provost Academic at York University in Toronto. She is co-editor-in-chief of Accounting, Organizations and Society. She has previously helld positions as the Associate Dean Students and the Associate Dean Academic at the Schulich School of Business. She is a former co-editor-in-chief of Critical Perspectives on Accounting. Her research looks at the social organization of the accounting profession, addressing issues of race, class, and nationality.
Christine Cooper is a British accounting academic. She holds a Chair in Accounting at the University of Edinburgh Business School and is co-editor-in-chief of Critical Perspectives on Accounting. Her research examines the economic, political and social impact of accounting.
Public interest accounting is a branch of academic accounting research that attempts to understand how accounting practices and the activities of the accounting profession impact the public interest. Public interest-focused accounting research sheds light on the role of accounting in perpetuating unequal social relations, while attempting to rectify such issues via scholarship and the dissemination of research results. It is heavily influenced by the ideas of social theorists, including but not limited to Marx, Gramsci, Foucault, Bourdieu, and Said.
David J. Cooper is a Professor of Accounting at the University of Alberta, Canada. He is the co-founder, along with Anthony Tinker, of the academic journal Critical Perspectives on Accounting and is also a long-time associate editor of Accounting, Organizations and Society. He is best known as a central figure and co-founder of the critical accounting and public interest accounting movements: movements which emphasize the importance of not only studying the roles of accounting in organizations and society but also using this knowledge to intervene in the public sphere.
Nurmazilah Binti Dato Mahzan is the former Chief Executive Officer of the Malaysian Institute of Accountants (MIA). The Malaysian Institute of Accountants is the regulatory body for the accountancy profession in Malaysia established under the Accountants Act 1967. Prior to her appointment, she served as its Deputy Chief Executive Officer and a Council Member. She is also a Member of the Malaysian Accounting Standards Board, a member of the Board of Governors for the Institute of Internal Auditors Malaysia, a Council Member of the Malaysian Institute of Certified Public Accountants and Honorary Treasurer of the Malaysian Economic Association.
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