THE IMPACT OF FEDERAL LEGISLATION UPON ACCOUNTING.
There can be no doubt that administrative agencies have been a significant influence in the development of the accounting concept during most of the last half century. To the very considerable extent that they have enforced recognition of the interests of unorganized or inarticulate groups, and have accelerated progress in accounting thinking their influence can only be regarded as beneficial and their continued existence desirable. To the extent that they have curtailed freedom of thought in accounting matters or have kept accounting in outdated molds or have required observance of principles well suited for limited purposes but ill-suited for most uses, their influence must be regarded as hurtful. On balance, it seems probable that accounting thought and practice has progressed farther and faster under the stimulus of such agencies than it would otherwise have done.
- DOI
- 10.2308/tar-7088357
- Volume
- 28 (2)
- Pages
- 159-169
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref