Corporate Collapse
Subtitle: Accounting, Regulatory and Ethical Failure
Edition: 2 edition
Publisher: Cambridge University Press
Published: July 21, 2003
Language: eng
Format: Paperback
Number of pages: 412
ISBN-13: 9780521534260
Subjects: Asian studies; Business & Management; Industry & Industrial Studies; Management - General; Business / Economics / Finance; Accounting - Financial; Business & Economics; Corporations; Business/Economics; ASIA; Australasia; Business Ethics; Accounting - General; Business & Economics / Management; Accounting; Business failures
First sentence: When Bond Corp first announced its loss of almost $1 billion in October 1989 it surprised most of those who felt that they had their finger on the pulse of Australian corporate life.
Description: "This revised edition of Clarke, Dean and Oliver's provocative book tells why accounting has failed to deliver the truth about a company's state of affairs or to give warning of its drift towards failure. Well-known corporate collapses from the 1960s to the present day show that little has changed over these decades. The authors balance broad interpretations and recommendations for regulatory reform with intricate case details, insightful analysis of contemporary practices and dissection of the pervading commercial rhetoric. Corporate Collapse includes examinations of the recent HIH, One. Tel, Ansett and Enron debacles and shows that the cult of the individual in media coverage has masked serious endemic problems in the system of reporting financial information. The book is essential reading for professional accountants and auditors, company directors and managers, regulators, corporate lawyers, and investors, and accounting academics and their students."