Political Standards: Corporate Interest, Ideology, and Leadership in the Shaping of Accounting Rules for the Market Economy
| Author | : | |
| Rating | : | 4.10 (879 Votes) |
| Asin | : | B017399YS4 |
| Format Type | : | |
| Number of Pages | : | 548 Pages |
| Publish Date | : | 2015-07-02 |
| Language | : | English |
DESCRIPTION:
These changes have been driven by the private agendas of certain corporate special interests, aided selectively—and sometimes unwittingly—by arguments from business academia With Political Standards, Karthik Ramanna develops the notion of “thin political markets” to describe a key problem facing technical rule-making in corporate accounting and beyond. Prudent, verifiable, and timely corporate accounting is a bedrock of our modern capitalist system. Meanwhile, standard setting rarely enjoys much attention from the general public. In recent years, however, the rules that govern corporate accounting have been subtly changed in ways that compromise these core principles, to the detriment of the economy at large. This absence of accountabilit
"Four Stars" according to TakeMyTai. It was okay, a little dry at times. This book was assigned reading for a accounting grad class.
“Political Standards is a timely and important addition to the literature on standard-setting and how a few self-interested specialists, with little opposition, are able to ‘capture’ the process and weaken the foundation of free-market capitalism. Ramanna’s command of—and passion for—accounting standards brings this otherwise sterile topic to life through a series of teachable stories and concludes with a clarion call to the moral fiber of managers to act ethically and in the interest of competitive capital markets instead of lobbying to ad