Abstract

In this book the author argues persuasively that the '... "authority" claimed for accounting standards, especially those dealing with measurement, is unwise in intellectual and commercial matters.' Section I begins with a brief history of accounting standards, Section II reviews the arguments for and against standards, Section III discusses the purpose of company accounts, Section IV discusses the setting and enforcing of standards, and the problems which have arisen both in Britain and the United States from political interference in standard setting and Section V assesses the case for and against compulsory standards.