By Mike Brewster
For hundreds of thousands of years, those that managed and monitored society's finances-accountants-were frequently the main robust, revered, and influential individuals of the group. From the creditors at communal granaries within the old center East to the scribes who monitored Queen Victoria's Exchequer, the accountant's function has been to maintain the integrity of monetary systems.
within the usa, twentieth-century accountants performed an essential position in shaping the transparency of U.S. capital markets, counseling the Allies on monetary concerns in either global wars, advising Congress at the construction of the federal source of revenue tax, and inventing the concept that of the gross nationwide product.
but via 2003, the attractiveness of the general public accountant was once in tatters. How did the accounting occupation in the USA squander its legacy of public provider? What occurred to the accountants that presidents, senators, and captains of became to for recommendation? Why did auditors cease searching for fraud? How did this as soon as respected career locate itself during this not going and humiliating kingdom?