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Take a Fresh look at Accounting and Ethical Transparency In the wake of the accounting scandals of the Enron era and the enactment of Sarbanes-Oxley, financial reporting continues to come under scrutiny. The credibility of the accounting profession, and financial reporting in general, is affected by the continuing spate of financial statement restatements. What is the essential problem? Do we need more -- or clearer- accounting, disclosure, and ethics rules? Or, does a 'fix' require more than some additional tinkering with GAAP and GAAS? Examine the extent to which financial statement restatements are
necessitated by misrepresentations, non-disclosures, and ethical lapses at
Disclosure
Update: Accounting & Ethical Transparency on Monday, December 11 in
Livonia. |
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| PO Box 5068 Troy, MI 48007-5068 Phone: 248.267.3700 Fax: 248.267.3737 E-mail: macpa@michcpa.org |