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Unaccountable: How the Accounting Profession Forfeited a Public Trust Pdf

Download Unaccountable: How the Accounting Profession Forfeited a Public Trust Pdf

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Book Description:

For hundreds of years, those that managed and monitored society's funds-accountants-have been typically the strongest, revered, and influential members of the group. From the collectors at communal granaries in the historic Center East to the scribes who monitored Queen Victoria's Exchequer, the accountant's position has been to protect the integrity of monetary techniques.

In the United States, twentieth-century accountants performed a very important position in shaping the transparency of U.S. capital markets, counseling the Allies on monetary issues in each world wars, advising Congress on the creation of the federal revenue tax, and inventing the idea of the gross nationwide product.

But by 2003, the status of the public accountant was in tatters. How did the accounting career in America squander its legacy of public service? What occurred to the accountants that presidents, senators, and captains of business turned to for recommendation? Why did auditors cease on the lookout for fraud? How did this as soon as revered career discover itself on this unlikely and humiliating state?




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