In Unshackling Accountants, Professor D R Myddelton of Cranfield School of Management looks at the history of and the arguments for and against detailed accounting standards. Myddelton concludes that, while there may be a case for the accounting profession to develop voluntary guidelines, the imposition of rigid standards is likely to prevent the art of accounting from evolving. Myddelton believes that the argument that more regulation and more uniformity are necessary to avoid scandals such as those at Enron and WorldCom is flawed. He argues that those scandals happened at a time when accounting practices were more regulated than ever before and in jurisdictions where practices were laid down in the greatest detail. Very often, in fact, bad practice is imposed by regulation and accounting standards.
- ISBN10 0255365594
- ISBN13 9780255365598
- Publish Date 20 June 2004
- Publish Status Active
- Publish Country GB
- Imprint Institute of Economic Affairs
- Format Hardcover
- Pages 197
- Language English