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 USA Email: TonyTinker@msn.com Tel: 646 312 3175 Fax: 646 312 3161 CPA 2005 Conference: http://aux.zicklin.baruch.cuny.edu/cpa2005/ Editorial Office: http://www.baruch.cuny.edu/research/editorial_offices.htm ----- Original Message ----- From: Gerald_A_Levy@msn.com To: OPE-L@SUS.CSUCHICO.EDU 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: < http://beardbooks.com/paper_prophets.html > 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
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