Since the mid-1990s, waves of corporate scandals have pounded economies, with many of the crises tied directly to the improper practices of the global accounting giants. Yet despite the widespread damage from these implosions, the Big Four accounting firms are now bigger and more powerful than ever. Journalist Richard Brooks exposes the shadowy world of corporate accounting, in which an oligarchy preserves itself despite misdeeds and irregularities. getAbstract recommends this stylish narrative to executives interested in an examination of the corporate accounting world.
In this summary, you will learn
- How the Big Four accounting firms dominate corporate auditing,
- How corporate accountancy has morphed radically from its foundations and
- Why this power concentration poses risks to the global economy.
About the Author
Richard Brooks is a financial journalist who writes for Private Eye and Accountancy Age.