December 2014
Beginner
352 pages
13h 51m
English

Governance and ethics
1978 US scholars Ross Watts and Jerold Zimmerman write Towards a Positive Theory of the Determination of Accounting Standards.
1995 French professor Bernard Colasse claims that “there isn’t any true result, but a result arranged using creative accounting techniques.”
2001–02 Telecoms giant WorldCom overstates earnings by more than $3.8 billion.
2009 UK professor David Myddelton publishes Margins of Error in Accounting.
2012 Directors of US discount website Groupon identify a “weakness” in financial reporting, five months after becoming a public company.
Business accountants have two roles: to record profits ...
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