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Accounting in crisis : a story of auditing, accounting, corporate governance and market failures

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  • Niamh Brennan

Abstract

Recent accounting scandals are the product of multiple failings of auditing, accounting, corporate governance and of the market. In discussing the many factors that led to failure, this paper attempts to provide insights on regulatory inadequacies that contributed to these problems. At the centre is human failure – in particular greed and weakness. Reforms in progress are briefly examined, with the caveat that no reforms will ever fully cater for human weakness.

Suggested Citation

  • Niamh Brennan, 2003. "Accounting in crisis : a story of auditing, accounting, corporate governance and market failures," Open Access publications 10197/2926, Research Repository, University College Dublin.
    • Handle: RePEc:rru:oapubs:10197/2926
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    File URL: http://hdl.handle.net/10197/2926
    File Function: Open Access version, 2003
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    References listed on IDEAS

    as
    1. DeAngelo, Linda Elizabeth, 1981. "Auditor independence, `low balling', and disclosure regulation," Journal of Accounting and Economics, Elsevier, vol. 3(2), pages 113-127, August.
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    1. Niamh Brennan, 2010. "A review of corporate governance research : an Irish perspective," Open Access publications 10197/2962, Research Repository, University College Dublin.

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