By Don E. Garner
This ebook is vital for college students and practitioners in accounting, foreign enterprise, finance, and economics. In an easy and readable sort, it makes a speciality of the altering accounting and auditing criteria in nationwide and international economies within the post-Enron/Arthur Andersen period. The authors make clear the explanations at the back of and results of the accounting profession's failure in auditing and self-regulation, as so much organizations put consulting earnings prior to public audit tasks. They express how Sarbanes-Oxley strategies, whereas no longer ideal, are significant participants to the profession's redemption, and feature enabled it to upward thrust to new heights of provider and profit. The ebook deals a close exam of accounting practitioners' prior demanding situations and destiny customers. It presents a pragmatic research of particular concerns dealing with accounting and auditing companies this day, together with the becoming challenge of independence; the necessity for one set of overseas accounting criteria and one set of auditing criteria; changes dealing with the worldwide economy; and the effect of the net and communique structures on accounting agencies.
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Additional info for Accounting and the Global Economy After Sarbanes-Oxley
309) These four images can be seen to contain a number of subschools which together provide a summary of the major strands of thought in financial accounting. 1 presents this analysis and in the following paragraphs we briefly discuss the contents of each strand. The 'historical record' image of financial accounting contains the more traditional understanding of external reporting practices as a historical picture along with a more recent development adopting similar thinking. This perspective views accounting as a recorder of organisation history in financial terms and has led some to attempt to codify and synthesise these practices (cf.
Littleton, An Introduction to Corporate Accounting Standards, American Accounting Association Monograph No. 3 (Sarasota, Florida: AAA, 1940). Pfeffer, J. and G. R. Salancik, The External Control of Organisations (New York: Harper and Row, 1978). 42 Major Issues in Theory and Policy Prakash, P. and A. Rappaport, 'Information Inductance and its Significance in Accounting', Accounting, Organizations and Society (1977) pp. 29-38. Pugh, D. , D. J. Hickson, C. R. Hinings and C. Turner, 'Dimensions of Organisation Structure', Administrative Science Quarterly (1968) pp.
Towards an Organisational Perspective for the Study of Accounting and Information Systems', Accounting, Organizations and Society (1978) pp. 3-13. Hopwood, A. , 'Editorial', Accounting, Organizations and Society (1979) pp. 145-7. Hopwood, A. , 'On Trying to Study Accounting in the Contexts in which it Operates', Accounting, Organizations and Society (1983) pp. 287-305. Hopwood, A. , 'The Tale of a Committee that never Reported: Disagreements on Intertwining Accounting with the Social', Accounting, Organizations and Society (1985) pp.
Accounting and the Global Economy After Sarbanes-Oxley by Don E. Garner