Re: [OPE-L] _Paper Profits: Fraudulent Accounting and Failed Audits_

From: Tony Tinker (TonyTinker@MSN.COM)
Date: Wed Jun 15 2005 - 09:32:19 EDT

You kicked me out my slumber Jerry.  Doing autopsies of financial failures (in order to avert failures in the future) is something the Big 4 accounting firms (and their client Professoriate) strenuously discourage. They usually insist that court material be sealed, to protect them against future litigation (and the SEC goes along with this).  The case analysis in books like PAPER PROPHETS (don't buy it, just try read it) are a politically effective way of alerting, galvanizing and preparing students (future auditors and managers) or the practical, ethical, and professional malaise that will confront them. 

There is nothing new about the anatomy of the current spieght of failures.  Enron was presaged by ZZZZ Best (20 years ago), Wordcom and Vivendi International are echoes of National Student Marketing and others, and the slush fund antics that led to the 1977 Foriegn Corrupt Practices Act should have prepared us for Parmalat.  The Big 4, and their university professoriate suppress this kind of case history.  Instead, they drill undergraduates in rote learning of the minutia of accounting rules, and imbue graduate students with recitations about the role of acccounting information in free market equilibriating processes (called market studies).  Most accounting doctorates (new teachers) don't have a CPA, and are usually very weak in their technical accounting knowledge.   

I am about to leave for St. Andrews but will keep an eye open for any responses. 
Professor Tony Tinker
Co-Editor: Critical Perspectives on Accounting
Co-Editor: The Accounting Forum 
Fellow of the Association of Chartered Certified Accountants
Baruch College at the City University of New York
Box B:12:236
One Baruch Way
New York, NY 10010-5585
Tel: 646 312 3175
Fax: 646 312 3161
CPA 2005 Conference:
Editorial Office:

  ----- Original Message ----- 
  Cc: Tony Tinker 
  Sent: Tuesday, June 14, 2005 3:51 PM
  Subject: _Paper Profits: Fraudulent Accounting and Failed Audits_

  I don't think this book by listmember Tony Tinker has 
  been mentioned on the list before:
  < >

  This appears to be a re-issuing  in paperback of  _Paper 
  Profits: A Social Critique of Accounting_ (Praeger, 1985).

  Have any of you read this book?  Comments?

  In solidarity, Jerry

This archive was generated by hypermail 2.1.5 : Thu Jun 16 2005 - 00:00:01 EDT