| Publisher | Blue Link Associates | ||
|---|---|---|---|
| Format | 25.8KB PDF | Date added | 21 Jun 2004 |
| Topics | Accounting Applications | ||
| Downloads | 191 | ||
Recent accounting scandals, highlighted by cases at Enron, Arthur Andersen, WorldCom and Qwest, have emphasized the need for corporate governance, especially responsible corporate accounting. Interest in corporate responsibility will remain high, according to US attorney Gordon Davidson, and the recent 'Accounting Industry Reform Act' (US) means tougher corporate accounting regulations. This white paper highlights the need to recognize problematic software accounting methods; minimizing errors in account balance integrity, ledgers and sub ledgers; and reducing the need for expensive rectification, thus avoiding serious legal ramifications.
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