Accounting Standards: True and Fair, or Fraudulent Misrepresentation?
Editorial Reviews
Review
"The author...unpicks modern financial reporting theory and practice in a systematic and masterly way...He exposes what he describes as...the theoretical blind alley of modern conceptual frameworks for financial reporting...and the shortcomings of modern investment theory. This is a book for all thinking accountants - be they academics, students, practitioners, finance directors, investors, standard-setters or regulators...it pushes the boundaries of conventional accounting wisdom so hard that it demands a response from those who...desire to find truth in accounting.
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From the Foreword
-Dr. Allister Wilson
"This is a thought-provoking book that challenges the current direction of accounting standards and proposes an interesting alternative. Its novel perspective on financial reporting provides a framework for debating some of the key contemporary issues facing the accountancy profession. The book is suitable for a wide audience and should be of particular interest to students, academics and practitioners.
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-Professor Colin Drury
Book Description
Within the context of the financial scandals on Enron, Tyco et al, the accounting profession is under scrutiny as never before. More importantly, the basis of financial accounting, the standards and guidelines by which company accounts are both drawn up, and are validated are being questioned in that they appear to singularly fail to prevent and potentially aid and abet financial wrong-doing. As a result "truth in accounting" has become not simply a professional issue but a political one.
In this book, Anthony Rayman seeks to explain the failure of the conventional system of accounting and to propose an alternative system to promote the improvement of corporate governance in the market economy. It expertly explores the theoretical basis of generally accepted assumptions, and challenges the validity of the current accounting system.
This stimulating examination systematically critiques the existing system and will promote discussion and debate in both students and professionals. Accessibly written and expertly argued, this book will be of great interest to students, academics and professionals throughout the accounting arena.
Accounting Standards: True and Fair, or Fraudulent Misrepresentation?
Accounting Standards: True and Fair, or Fraudulent Misrepresentation?,Anthony Rayman,Routledge,0415377811,Accounting,Accounting - Financial,Accounting - General,Accounting - Managerial,Business & Economics,Business / Economics / Finance,Business/Economics,Corporate Finance,Financial statements,Standards,Finance & Accounting
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