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Alumni Chapter Event: Additional Reading

 

Friday, September 16, 2005
"If we Knew Then what we Know Now, Could the accounting Scandals in the U.S. have been prevented ?"

George G.C. Parker
Dean Witter Professor of Finance and Management

Selected Articles

Additional reading material has been selected by Jackson Library Staff. Due to contractual arrangements, access to some articles may be restricted to the Stanford community, and subscribers of the "Library Databases" offered through the GSB Alumni's Lifelong Learning Program. Inclusion below does not imply University endorsement of the ideas expressed.

Guarding the Guadians. Strategic Finance, Aug. 2005
This article points out some of the audit deficiencies that the U.S. Public Company Accounting Oversight Board (PCAOB) is now being suspected to have. The PCAOB is an independent, not-for-profit body responsible for registering and inspecting domestic and foreign firms that audit U.S. public companies.
View article [icon - Stanford Network]

Deloitte to Be Latest to Settle in Accounting Scandals. Wall Street Journal, Apr. 2005
Four of the five biggest names in accounting have resolved class-action litigation or regulatory complaints in recent weeks, in pacts totaling more than $186 million -- a costly few months for the firms as fallout from the accounting debacles of the late 1990s and early 2000s continues to spread.
View article

Corporate Governance and Accounting Scandals. University of Alabama, July 2003
Recent accounting scandals at prominent companies such as Enron, HealthSouth, Tyco and Worldcom appear to have shaken the confidence of investors. In the wake of these scandals, many of these companies saw their equity values plummet dramatically and experienced a decline in credit ratings of their debt issues, often to junk bond status.
View article

Ethics in the Wake of Enron. Stanford Magazine, Nov. 2002
Welcome to P235: Ethics, a course about managerial decision-making that Brady, David Baron and other Stanford faculty have been teaching for 30 years. They examine ethics as a basis for self-regulation and look at theories that provide moral guidelines, including utilitarianism and justice.
View article

The Bigger They Are, The Harder They Fall. Brookings Institution, Aug. 2002
On July 21, 2002, the telecommunications giant WorldCom filed the largest bankruptcy petition in U.S. history, a petition almost twice the size of the next largest: Enron in December 2001.2 Both bankruptcies resulted from accounting malpractice, and symbolize the broader crisis in corporate governance - a crisis which involves top blue chip companies, has reached political leaders at the highest levels of government, and has resulted in high levels of volatility in U.S. stock markets.
View article

Selected Books

Risk Management: Problems & Solutions
edited by William H. Beaver and George Parker. McGraw-Hill, 1995
HD61 .R575 1995

Accounting in the Wake of Scandal. Electronic Tesource: Stock Options and Global Standards
by Mary Barth. Harvard Business School and Stanford Graduate School of Business, c2003
Computer file 254

Selected Websites

International Accounting Standards Board

Accounting Scandals

The Corporate Scandal Sheet