Accounting: in crisis or ascendancy?

From: Accounting History | Date: November 1, 2005| Author: Abeysekera, Indra | Copyright information

Abstract

Recent corporate failure has challenged the credibility of the accounting profession, leading many stakeholders to question the usefulness of financial reports for decision-making. This paper examines fluctuations in the accounting profession's authoritative influence over accounting standard setting and financial reporting. It focuses on the period following the collapse of the HIH Croup in 2002, with contextual reference to earlier periods. It then outlines the submissions m...

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