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

By Mike Brewster

For hundreds of thousands of years, those that managed and monitored society's finances-accountants-were frequently the main strong, revered, and influential contributors of the group. From the creditors at communal granaries within the historical heart East to the scribes who monitored Queen Victoria's Exchequer, the accountant's position has been to maintain the integrity of economic 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 through 2003, the attractiveness of the general public accountant was once in tatters. How did the accounting occupation in the US 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 career locate itself during this not going and humiliating kingdom?

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