Name: Unaccountable: How the Accounting Profession Forfeited a Public Trust
Brand: Wiley
SKU: 9780471423621
Price: 2192.0 INR
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Unaccountable: How the Accounting Profession Forfeited a Public Trust

by Mike Brewster

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ISBN13: 9780471423621
Binding: Hardcover
Subject: N/A
Publisher: Wiley
Publisher Imprint: Wiley
Publication Date: April 21, 2003
Pages: 328
Original Price: GBP 24.99
Language: English
Edition: N/A
Item Weight: 577 grams
BISAC Subject(s): Accounting / General and Finance / General

About The Book

From the Inside Flap
The most recent round of accounting scandals has shaken our economy and tarnished the reputation of a once-respected profession. The inherent conflicts within the flawed U.S. auditing system-where auditors are paid by the companies they audit and financial reports are now viewed as having little more veracity than press releases-have stunned a public that once believed auditors were their eyes and ears inside the country's biggest corporations. Now, renewed public interest has prompted the government and investors to once again ask: Where were the auditors?

In Unaccountable: How the Accounting Profession Forfeited a Public Trust, former communications director for KPMG and business journalist Mike Brewster explores the fascinating transformation of CPAs from independent voices on behalf of the shareholder to close allies of Corporate America. This vivid snapshot of the twenty-first-century accounting firm clearly examines the implications of this shift for investors, the industry, and the overall economy. Brewster's exploration of the key issues facing accounting traces the profession from its birth in the Middle East, to its rise as one of the most universally respected in the Western world, to the calamitous scandals of the past two years, to the fall of Andersen and passage of the Sarbanes-Oxley law.

Shaped by the author's own experiences in the industry, primary research of accounting documents going back hundreds of years, and exclusive interviews with the Big 5's major players, advocates, and detractors, Unaccountable questions the practices of the nation's leading accounting firms, including . . .

Their history of providing consulting services to the same firms they audit
Their push in the 1990s to open investment banking and law practices
Their push for double-digit growth with no regard to the ramifications of this growth on their public mandate
Their resistance to change, even in the face of overwhelming public criticism

. . . and discusses the recent reforms that might lead to better accounting practices and more reliable financial reporting.

From the first accountants to the future of accounting, Unaccountable offers an up-close and personal view of the accounting industry. Unaccountable turns up the heat on an already beleaguered profession, but also shows how the best and brightest within the profession can still save the day by implementing much-needed reforms.

About The Author

Mike Brewster is the coauthor of King of Capital: Sandy Weill and the Making of Citigroup, also published by Wiley, and a former sportswriter in upstate New York. Formerly the editor of LeadersOnline, Brewster spent seven years as the communications director at KPMG. He is a graduate of the Columbia University Graduate School of Journalism.

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