Are Accounting Reforms And Legislation Are The Only Means By Which The Accounting Profession Will be Able To Regain Public Trust And Re-Establish Its’ Credibility?

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This 8 page paper considers the issues in terms of trust and credibility in the accounting profession. The writer argues that historically public trust has been regained as loop holes and standards have been bettered. Using the example of Enron and comparing US and UK accounting and auditing standards the case is made for increasing levels of regulations to overcome the fears and difficulties associated with the causes of mistrust. The bibliography cites 10 sources.