Accounting reform

Accounting reform is an expansion to accounting rules that goes beyond the realm of financial measures for both individual economic entities and national economies. It is advocated by those who consider the focus of the present standards and practices wholly inadequate to the task of measuring and reporting the activity, success, and failure of modern enterprise, including government. "Accounting", says Baruch Lev, a notable proponent of such reform, "is about accountability". He notes that the present regime of accounting rules dates back about 500 years to Renaissance Italian practices.

Related Topics:
Accounting - Accountability

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