Self-Inquiry
The GRACE of Accounting Firms - 1977 vs 1995
The Book takes you back to 1977 when nothing was hunky-dory. "No profession has suffered a more painful drop in public esteem than accounting; in recent years, accountants have been regularly criticized for failing to expose corporate shenanigans, and have been sued for allegedly certifying misleading company earnings reports. Four SEC complaints were filed against Peat, Marwick, Mitchell & Co., onetime auditor of such tarnished firms as Penn Central and National Student Marketing and a giant of the profession. Walter E. Hanson, 48, a former railroad accountant and senior partner (chief executive) of Peat, Marwick since 1965, moved to restore confidence by volunteering to have his company’s procedures audited by colleagues from competing firms.”
1. Self-Inquiry, Self-doubt, Self-knowledge, Self-Governance -
Corporate Transformation
An extract from my Book: Return on Intangible Measuring Corporate Fiscal and
Ethical Assets: CREAM Analytics of Policies, Practices and People:1
It addresses mainly:
1. What Kant [1724-1804] raised the question whether a science of
metaphysics with a logical structure like that of the well-established
mathematical and natural sciences is possible…
2. ..made possible, by Defining Intangible.
My emphasis here in this post is on Accounting Profession. I shall bring out
salient points from the Book.
Self-Inquiry
The GRACE of Accounting Firms - 1977 vs 1995
The Book takes you back to 1977 when nothing was hunky-dory. "No
profession has suffered a more painful drop in public esteem than
accounting; in recent years, accountants have been regularly criticized for
failing to expose corporate shenanigans, and have been sued for allegedly
certifying misleading company earnings reports. Four SEC complaints were
filed against Peat, Marwick, Mitchell & Co., onetime auditor of such
tarnished firms as Penn Central and National Student Marketing and a giant
of the profession. Walter E. Hanson, 48, a former railroad accountant and
senior partner (chief executive) of Peat, Marwick since 1965, moved to
restore confidence by volunteering to have his company’s procedures
audited by colleagues from competing firms.”2
[PB: Flipkart: https://goo.gl/Mo1f5f Amazon: https://www.amazon.in/dp/B07JQGRB231
Pothi: eB: https://goo.gl/bWPb3C pB: goo.gl/ad1Aos ]
http://www.time.com/time/magazine/article/0,9171,942901,00.html2