Setting Standards for Financial Reporting
Fasb and the Struggle for Control of a Critical Process
1st Edition
Published on 21. July 1994
216 pages
978-0-313-00857-3 (ISBN)
Description
The book begins with an overview of how and why the present self-regulatory arrangement for setting standards for financial reporting in the private sector came about in 1973. A brief description of the new structure is followed by a discussion of the essential elements of meaningful self-regulation. A schism emerged between advocates of neutrality and objectivity in standard setting and those who think the primary concern should be for possible economic and social consequences. Early clashes between traditional views and newer insights are described, setting the stage for an account of serious resistance to change. Powerful interests mount determined efforts to thwart the standard setters, undercutting not only self-regulation, but also the intent of the federal securities acts of 1933 and 1934. The practical and philosophical bases for the opposing views are examined, and recommendations are presented for ensuring continuation of private-sector standard setting despite the intensity of these views.
More details
Edition
1. Auflage
Language
English
Place of publication
New York
United States
Publishing group
Bloomsbury Publishing Plc
Target group
Interest Age: From 7 to 17 years
ISBN-13
978-0-313-00857-3 (9780313008573)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions
Robert Van Riper
Setting Standards for Financial Reporting
FASB and the Struggle for Control of a Critical Process
Book
07/1994
Praeger Publishers Inc
€128.30
Shipment within 3-4 weeks
Person
ROBERT VAN RIPER is a retired senior member of the staff at the Financial Accounting Standards Board, 1973-1991. Prior to that, he was senior vice president of N.W. Ayer, Inc. He is the author of many articles in business and professional journals and two novels.
Content
A "Last Chance" for Self-Regulation
A Goldfish in a Pool of Sharks?
A Baptism of Fire
An Encounter with "No-Cost" Accounting
Agent of Change in a Conservative Environment
What's Sauce for the Goose...
A Kaleidoscope of Complaints
The Business Roundtable Steps Up to Bat
Another Waltz 'Round the Table'
The Trustees Go Into a "Prevent Defense"
Accounting "Truth"--Or Consequences?
"The Public Interest"--Or Public Intent?
Epilogue
Selected Bibliography
Index
A Goldfish in a Pool of Sharks?
A Baptism of Fire
An Encounter with "No-Cost" Accounting
Agent of Change in a Conservative Environment
What's Sauce for the Goose...
A Kaleidoscope of Complaints
The Business Roundtable Steps Up to Bat
Another Waltz 'Round the Table'
The Trustees Go Into a "Prevent Defense"
Accounting "Truth"--Or Consequences?
"The Public Interest"--Or Public Intent?
Epilogue
Selected Bibliography
Index
