391 Book reviewIndecent Disclosure: Gilding the Corporate Lily SAGE Publications, Inc.2008DOI: 10.1177/10323732080130030703 F. Clarke Cambridge University Press, Cambridge, 2007 G. Dean Cambridge University Press, Cambridge, 2007 Brendan O'Connell James Cook University This captivating book, which builds on a number of previous books and articles by these two authors (see for example Clarke & Dean, 1992, 2005; Clarke et al., 199~ 2003) analyses four major themes. First, that financial disclosure based on current accounting standards fails to accurately disclose a company's wealth and progress. Second, that the current fetish with corporate governance reforms, such as the focus on independent directors and auditors, will have little real impact in reduc- ing instances of corporate scandals and collapses. Third, auditors face an invidious task to test whether companies are providing fair and dependable financial report- ing given the fundamental flaws with prevailing accounting rules. Fourth, group corporate structures and how they are treated by the law need to be radically over- hauled. Commencing with the theme that contemporary accounting rules are large- ly deficient in enabling a true and fair view of a company's financial situation to be presented, the authors reproach the limitations of current accounting standards (including the international
Book review: Indecent Disclosure: Gilding the Corporate Lily: F. Clarke and G. Dean. Cambridge University Press, Cambridge, 2007
Abstract
391 Book reviewIndecent Disclosure: Gilding the Corporate Lily SAGE Publications, Inc.2008DOI: 10.1177/10323732080130030703 F. Clarke Cambridge University Press, Cambridge, 2007 G. Dean Cambridge University Press, Cambridge, 2007 Brendan O'Connell James Cook University This captivating book, which builds on a number of previous books and articles by these two authors (see for example Clarke & Dean, 1992, 2005; Clarke et al., 199~ 2003) analyses four major themes. First, that financial disclosure based on current accounting standards fails to accurately disclose a company's wealth and progress. Second, that the current fetish with corporate governance reforms, such as the focus on independent directors and auditors, will have little real impact in reduc- ing instances of corporate scandals and collapses. Third, auditors face an invidious task to test whether companies are providing fair and dependable financial report- ing given the fundamental flaws with prevailing accounting rules. Fourth, group corporate structures and how they are treated by the law need to be radically over- hauled. Commencing with the theme that contemporary accounting rules are large- ly deficient in enabling a true and fair view of a company's financial situation to be presented, the authors reproach the limitations of current accounting standards (including the internationalPreview Only. This article cannot be rented because we do not currently have permission from the publisher.
/lp/sage/book-review-indecent-disclosure-gilding-the-corporate-lily-f-clarke-5YwJJbDfXf
Welcome to DeepDyve! Rent Premier Research Articles and Save Up to 90%
Preview Only
Book review: Indecent Disclosure: Gilding the Corporate Lily: F. Clarke and G. Dean. Cambridge University Press, Cambridge, 2007
O'Connell,Brendan
Follow Accounting History
, Volume 13 (3): 391
SAGE – Aug 1, 2008
More Info
More Like This Article
View All dataSource[]=actageo&dataSource[]=aspet&dataSource[]=aaos&dataSource[]=aacc&dataSource[]=aacr&dataSource[]=aea&dataSource[]=aip&dataSource[]=ajnr&dataSource[]=ams&dataSource[]=aps_physical&dataSource[]=appi_book&dataSource[]=appi_journal&dataSource[]=apha&dataSource[]=asip&dataSource[]=asm&dataSource[]=asn&dataSource[]=aspb&dataSource[]=avs&dataSource[]=annual_reviews&dataSource[]=arxiv&dataSource[]=acm&dataSource[]=berghahn&dataSource[]=cabi&dataSource[]=clinical_trials&dataSource[]=dailymed&dataSource[]=degruyter&dataSource[]=du_press&dataSource[]=esa&dataSource[]=eu_press&dataSource[]=elsevier&dataSource[]=emerald&dataSource[]=ejtr&dataSource[]=emea&dataSource[]=epo&dataSource[]=faseb&dataSource[]=gsa&dataSource[]=health_affairs&dataSource[]=hindawi&dataSource[]=imanager&dataSource[]=imedpub&dataSource[]=informa_healthcare&dataSource[]=informs&dataSource[]=iop&dataSource[]=iucr&dataSource[]=iospress&dataSource[]=jbjs&dataSource[]=leftcoast&dataSource[]=lu_press&dataSource[]=mesharpe&dataSource[]=mary_ann_liebert&dataSource[]=medline&dataSource[]=mit_press&dataSource[]=nature&dataSource[]=oxford&dataSource[]=pier_professional&dataSource[]=pnas&dataSource[]=portlandpress&dataSource[]=psyc_articles&dataSource[]=psyc_books&dataSource[]=psyc_critiques&dataSource[]=plos_journal&dataSource[]=pubmed_central&dataSource[]=rsna&dataSource[]=rockefeller&dataSource[]=rcn&dataSource[]=ria&dataSource[]=rsc&dataSource[]=sage&dataSource[]=spie&dataSource[]=springer_journal&dataSource[]=springer&dataSource[]=taylor_francis&dataSource[]=aps&dataSource[]=the_scientist&dataSource[]=uc_press&dataSource[]=uspto_abstract&dataSource[]=wiley&dataSource[]=pct
© 2012 DeepDyve, Inc. All rights reserved.
Terms of Service | Privacy Policy
