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Restoring confidence in the accounting profession: ideas for improving financial reporting.(Lynn Turner address)(Transcript)
Continuing revelations of accounting scandals at some of America's highest flying corporations have shaken investor confidence and public perception of the accounting profession. The vitality of the financial markets and the economy rest on the profession's ability to restore confidence in the financial reporting system.
Editor's note: This article was adapted from a speech delivered by the author June 18 at GFOA's 96th Annual Conference in Denver, Colorado. The views expressed in this article are those of the author only. Publication of this and other articles should not be construed as an endorsement by GFOA of the ideas expressed therein.
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