The Big Six: Why Americans Can't Trust the Nation's Top Accounting Firms

The Big Six: Why Americans Can't Trust the Nation's Top Accounting Firms

by Mark Stevens
     
 
In the wake of the fast-money 80's, America's top six accounting firms are in a state of upheaval that seriously threatens their role as watchdogs of the public interest. Marc Stevens, author of the bestselling The Big Eight, investigates the scandalous decline in professional standards that has resulted in a rash of audit failures and, perhaps most shocking,

Overview

In the wake of the fast-money 80's, America's top six accounting firms are in a state of upheaval that seriously threatens their role as watchdogs of the public interest. Marc Stevens, author of the bestselling The Big Eight, investigates the scandalous decline in professional standards that has resulted in a rash of audit failures and, perhaps most shocking, the inability of the Big Six firms to uphold the public trust in the S&L crisis. Some of the revelations included are:

  • The history of tension at Arthur Andersen that has led to internecine feuds, pitting the firms accountants against its consultants (and how this is a trend likely to spread industry-wide)
  • The multimillion-dollar fraud of ZZZZ Best committed by West Coast wunderkind Barry Minkow
  • The extraordinary collapse of Beverly Hills Savings and Loan
  • How the Big Six compete for clients--and other facts of life behind the pinstripe curtain.

Editorial Reviews

Library Journal
This sequel to Stevens's previous work, The Big Eight ( LJ 10/1/81), chronicles the transformation of the major accounting firms from the staid, austere, audit-oriented firms of the past into the high-pressure marketing machines of the present. Increasing competition and skyrocketing costs have turned the accountant from a desk-bound number-cruncher into a marketing personality venturing into new areas of service to clients, e.g., consulting, where future planning is as important, if not more so, as the traditional accounting of past financial events. Citing examples of some of the large firms, Stevens reveals the intense competition between and within firms as they depart from the more traditional roles of accounting. This is a very insightful book for both the professional and lay reader, and as such, it is recommended for business collections.-- Kenneth J. Cook, Melbourne, Fla.

Product Details

ISBN-13:
9780671758547
Publisher:
Touchstone
Publication date:
03/01/1992
Pages:
255
Product dimensions:
5.50(w) x 8.44(h) x 0.70(d)

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