A. Bowdoin Van Riper

Setting Standards for Financial Reporting (eBook, PDF)

FASB and the Struggle for Control of a Critical Process

• Format: PDF

Produktbeschreibung

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.

Produktdetails

• Verlag: Bloomsbury Publishing Inc
• Seitenzahl: 216
• Altersempfehlung: ab 7 Jahre
• Erscheinungstermin: 21. Juli 1994
• Englisch
• ISBN-13: 9780313008573
• Artikelnr.: 68528189

Autorenporträt

A. Bowdoin Van Riper is a historian who specializes in depictions of science and technology in popular culture. He is Web Coordinator for the Center for the Study of Film and History and an archivist for the Martha's Vineyard Museum. Van Riper's publications include Imagining Flight: Aviation in Popular Culture (2003), A Biographical Encyclopedia of Scientists and Inventors in American Film and Television (2011).

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.

Inhaltsangabe

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