Count Down: The Past, Present and Uncertain Future of the Big Four Accounting Firms - Second Edition
| Author | : | |
| Rating | : | 4.16 (622 Votes) |
| Asin | : | 1787147010 |
| Format Type | : | paperback |
| Number of Pages | : | 352 Pages |
| Publish Date | : | 2017-11-16 |
| Language | : | English |
DESCRIPTION:
--Annotation ©2016 Ringgold Inc. If you want to understand the system that is allegedly validating the reported data - and why the system is a clone of the Maginot Line - expensive, obsolete and irrelevant - read on. S.C. Portland, OR (protoview) . It will take a major change in regulatory attitude and a fresh approach, unfettered by history. --Duane R. The section on the imaginative use of Big Data is worth study by itself. --Shyam Sunder, Yale School of ManagementThis book lifts the lid on the story behind the financial statements of the world's major companies. Peterson combines the insider's knowledge with an outsider's critical but sympathetic perspective and suggestions in this fascinating and insightful volume - a must-read for accountants and st
The second edition of Count Down is revised to include and discuss developments affecting the Big Four and their business model since the December 2015 release of the first edition. Brought into this updated narrative, for example, are: The Big Four's growth to collective global 2016 revenue of $128 billion, and the continued disparities in growth between their Audit and Advisory practices.The imposition of mandatory auditor rotation by legislation and regulation in the European Union, and in the US, the PCAOB's requirement to name lead partners on public company audits.New examples of corporate financial malfeasance and potentially disruptive auditor litigation, involving clients of each of the Big Four. In addition, this new edition expands in scope and details the required re-engineering by which with the necessary mutual cooperation among financial statement issuers and users, the accounting profession, legislators, regulators and agencies of law enforcement a sustainable structure for financial reporting and assurance might emerge -- that is, a Big Audit model truly fit to serve today's global capital markets.
A great book for anyone who cares about the future of Grove Hand A great book for anyone who cares about the future of the accounting industry. The author uses very colorful language not usually found in books on professional matters that hold the readers attention and keeps it interesting. Anyone who works as a professional in an accounting firm knows there is something dreadfully wrong; however, no one wants to recognize the elephant in the room. Peterson does, and lays it all out in compelling fashion, explaining what's wrong and why it can't be fixed in the present form. He explains why the industry is in s. "A must read for all Accountants" according to James Conway. Excellent book! Count Down addresses complex issues facing the Big Four firms head on. Jim Peterson does a superlative job of mixing technical expertise and in-depth analysis with occasional historical analogies and light-hearted movie quotes. Count Down is a must read for Accounting industry leaders, partners, CPA's at all levels, and individuals considering going into the field. Kudos to Jim!!!. END OF ANGLO SAXON AUDIT EMPIRE Amazon Customer EXCELLENT BOOK DESCRIBING THE COLLASPE OF THE BIG FOUR AND THE EMPIRE OF THE ANGLO SAXON BOOKS KEEPING
He is a graduate of Phillips Exeter Academy, Yale College and the Yale Law School. . Since 2009 he has taught a graduate-level course in Risk Management at business and law schools in Chicago - the University of Chicago Law School, DePaul University, and the College of Law of the University of Illinois - and in Paris at the law school of the University of Cer