The Future of the Accounting Profession: A Global Perspective - Couverture rigide

Most, Kenneth

Couverture rigide

ISBN 10 : 0899307264 ISBN 13 : 9780899307268

Editeur : Praeger Publishers Inc, 1993

Synopsis

Public accountants are being attacked from all sides. Stock and bond holders, the United States Congress, the Securities and Exchange Commission, clients, and even members of the profession itself, all accuse accountants of failing in their watchdog duties as auditors and of approving financial statements that follow questionable accounting rules. Academic as well as other critics fault the profession for failing to innovate, particularly in respect to accounting for the effects of inflation. The attacks often take the form of litigation that has resulted in the payment of hundreds of millions of dollars in damages by firms and their liability insurers. This situation is not unique to the United States. Similar attacks can be observed in Canada, the United Kingdom, and other countries. Indeed, the viability of the external audit is today in question, as public accountants increasingly seek to avoid potentially ruinous engagements and diversify into other activities.

Drawing on his long and extensive experience as both practitioner and academic, the author traces the history of accounting and auditing, analyzing the factors---domestic and international---that have led to the contemporary problems of the profession. He prescribes measures that can and should be taken in order to restore public accounting to its former status and esteem. He proposes major changes in federal and state legislation, the current system of accountancy education and training, accounting and auditing standard setting, and existing models of historical financial reporting. In addition, he presents a blueprint for a new type of financial report designed to improve the utility of financial statements for investment decisions.

A propos du livre

À propos de l'auteur

KENNETH S. MOST is Professor of Accounting at Florida International University in Miami, and has degrees in accounting, economics, and law. He was in practice as an international accountant and auditor for seventeen years before becoming an educator. Author of twenty books and research monographs, he has also published many articles in Abacus, Accounting and Business Research, The Accounting Review, The Journal of Accountancy, The Journal of Accounting Research and other leading professional publications in the United States and abroad.

Détails de l'édition

• Éditeur: Praeger Publishers Inc
• Date d'édition: 1993
• Langue: anglais
• ISBN 10: 0899307264
• ISBN 13: 9780899307268
• Reliure: Relié
• Nombre de pages: 240
• Coordonnées du fabricant: non disponible
• Personne responsable: GPSR Kontakt; gpsr@libri.de; ; Friedensallee 273; Hamburg; 22763; Allemagne