Accounting and the Global Economy After Sarbanes-Oxley

Accounting and the Global Economy After Sarbanes-Oxley

by Don E. Garner, David L McKee, Yosra AbuAmara McKee
     
 

ISBN-10: 076561376X

ISBN-13: 9780765613769

Pub. Date: 11/15/2007

Publisher: Taylor & Francis

This book is essential for students and practitioners in accounting, international business, finance, and economics. In a straightforward and readable style, it focuses on the changing accounting and auditing standards in national and global economies in the post-Enron/Arthur Andersen era. The authors clarify the reasons behind and consequences of the accounting

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Overview

This book is essential for students and practitioners in accounting, international business, finance, and economics. In a straightforward and readable style, it focuses on the changing accounting and auditing standards in national and global economies in the post-Enron/Arthur Andersen era. The authors clarify the reasons behind and consequences of the accounting profession's failure in auditing and self-regulation, as most firms placed consulting profits ahead of public audit duties. They show how Sarbanes-Oxley solutions, while not perfect, are major contributors to the profession's redemption, and have enabled it to rise to new heights of service and revenue. The book offers a detailed examination of accounting practitioners' past challenges and future prospects. It provides a realistic analysis of specific issues facing accounting and auditing firms today, including the growing problem of independence; the need for one set of international accounting standards and one set of auditing standards; adjustments facing the global financial system; and the impact of the Internet and communication systems on accounting firms.

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Product Details

ISBN-13:
9780765613769
Publisher:
Taylor & Francis
Publication date:
11/15/2007
Edition description:
New Edition
Pages:
272
Product dimensions:
5.80(w) x 9.00(h) x 0.90(d)

Table of Contents

Introduction; Part I. The General Frame of Reference; 1. Accounting and Auditing Standards as Operating Parameters in the Global Economy; 2. Overview of Accounting Standards in the Global Economy; 3. The Role of Auditing Standards; 4. Changing Realities in the Post Enron/Arthur Andersen Era; Part II. Some Specific Issues Facing Accounting and Auditing Practice; 5. The Harmonization of Auditing Standards and the Firms; 6. Independence as a Growing Problem for Accounting Firms; 7. The Firms and Locational Adjustments in the Global Financial System; 8. The Impact of the Internet and Improving Communication Systems; Part III. The Firms in the New Global Environment; 9. Firm Effectiveness in the Face of Emerging Accounting and Auditing; 10. The Firms and the Practical Issues of Adjustment in the Global Economy; Bibliography; About the Authors; Index.

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