Unaccountable Accounting: Games Accountants Play

Rating:
Summary: Probably As Pertinent As Ever
Review: I remember this interesting book from the 1970s. It begins with a corporate president interviewing three auditing firm representatives. The president asks, "How much is two plus two?"

#1 replies, "It's four."
#2 replies, "It ranges from three to five."
#3 replies, "What do you want it to be?"

Just guess who got the engagement. Given the recent fiasco at Enron, and the stuff that's starting to emerge over Arthur Andersen's ebola-virus-meltdown of an audit at Enron, "Unaccountable Accounting" might offer information that is as pertinent as ever in the book-cooking world of big business.

P.S. It's a good thing Andersen is a partnership, and not a publicly-held company. That way, there won't be a whole lot of damage to the public when the firm gets sued into oblivion over this Enron mess.