THEORIES AND PRACTICE.
This article presents brief description, about the suggestive advocation and adoption of standards by accountants in the preparation of financial statements, presented by the editor of the journal "The Accounting Review," with discussing accounting theories and practices. In 1929, the editor proposed to the American Society of Certified Public Accountants a program of research that would lead to the adoption of professional standards. The December 1934 issue of the journal, containing an editorial entitled "A Nervous Profession," discussed the traditional ideas of accountants and strike-suits which were being brought against members of the profession were becoming a legalized racket. The Securities and Exchange Commission in one short year had already made well-founded complaints against the accounting profession; that the profession had been singularly unresponsive to the enlarged social responsibilities the Commission was trying to get the profession to acknowledge; and that individual members of the profession had strenuously opposed regulations which the Commission had made over certain accounting procedures.
- DOI
- 10.2308/tar-7061943
- Volume
- 14 (3)
- Pages
- 312-321
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref