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Government Finance Review

| June 01, 2003 | COPYRIGHT 2003 Government Finance Officers Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Unaccountable: How the Accounting Profession Forfeited a Public Trust

By Mike Brewster (John Wiley & Sons Inc, April 2003)

Enron. WorldCom. Global Crossing. Rite-Aid. Adelphia. Qwest. Waste Management. HealthSouth. Royal Ahold. The seemingly endless litany of corporate accounting scandals has shaken the U.S. economy and tarnished the reputation of a once-respected profession. The inherent conflicts within the flawed U.S. auditing system--where auditors are paid by their clients and audit reports are now viewed as having little more veracity than press releases--have stunned a public that once believed auditors were their eyes and ears inside the country's biggest corporations.

In Unaccountable: How the Accounting Profession Forfeited a Public Trust, former KPMG ...

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