NDLI: Has the FASB Outlived Its Usefulness

Content Provider	Semantic Scholar
Author	Pollock, Alex
Copyright Year	2007
Abstract	people's list of scintillating subjects for conversation or thought. Yet it is at the root of many famous scandals that are subjects of extensive news coverage and popular gossip. These scandals involve billions of dollars, huge lawsuits, the destruction of previously stellar careers (not to mention time in prison), and political and regulatory overreactions which generate huge compliance costs. Typical discussions and journalistic accounts of these scandals imply that accounting has obviously right answers, that accounting—with its “bottom line” and balance sheet—is an objective depiction of business activities, and that accounting can be “transparent” and true in some simple sense. None of this is believed by a single financial professional.
File Format	PDF HTM / HTML
Alternate Webpage(s)	https://www.kantakji.com/media/2735/aa300.pdf
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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