Download E-books Unaccountable: How the Accounting Profession Forfeited a Public Trust PDF

By Mike Brewster

For millions of years, those that managed and monitored society's finances-accountants-were usually the main robust, revered, and influential participants of the neighborhood. From the creditors at communal granaries within the old center East to the scribes who monitored Queen Victoria's Exchequer, the accountant's position has been to maintain the integrity of monetary systems.

within the usa, twentieth-century accountants performed a necessary function in shaping the transparency of U.S. capital markets, counseling the Allies on monetary concerns in either international wars, advising Congress at the production of the federal source of revenue tax, and inventing the idea that of the gross nationwide product.

but via 2003, the attractiveness of the general public accountant was once in tatters. How did the accounting career in the United States squander its legacy of public provider? What occurred to the accountants that presidents, senators, and captains of grew to become to for suggestion? Why did auditors cease trying to find fraud? How did this as soon as respected occupation locate itself during this not going and humiliating kingdom?

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