Following the Money The Enron Failure and the State of Corporate Disclosure

by Benston, George; Bromwich, Michael; Litan, Robert E.

• ISBN13: 9780815708902
• ISBN10: 0815708904
• Format: Hardcover
• Copyright: 2003-02-26
• Publisher: Brookings Institution Press

Summary

"Following the Money" focuses on the disjunction between national systems of corporate disclosure and the increasingly global character of capital markets. The authors offer recommendations for public and private decision makers on the accounting and reporting reforms necessary to improve disclosure in international equities trading.

Author Biography

Alfred Wagenhofer is professor of management accounting and control at the University of Graz, Austria, and professor at the European Institute for Advanced Studies in Management, Brussels.

Table of Contents

Foreword	v
The Crisis in Corporate Disclosure	1	(17)
What's Wrong---and Right---with Corporate Accounting and Auditing in the United States	18	(31)
Fixing Corporate Disclosure	49	(31)
Disclosure Challenges Ahead	80	(15)
Appendix What Are the Major Differences between GAAP and IFRS, and Why Do They Matter?	95	(10)
Notes	105	(12)
Contributors	117	(2)
Index	119