Research Catalog

Title

Indecent disclosure : gilding the corporate lily / Frank Clarke, Graeme Dean.

Author

Clarke, Frank L., 1933-

Publication

New York : Cambridge University Press, 2007.

Items in the Library & Off-site

Holdings

Details

Additional Authors

Dean, G. W.

Description

xxi, 274 pages : illustrations; 23 cm

Summary

"Indecent Disclosure: Gilding the Corporate Lily captures the concerns of the business community when misleading financial disclosures of a public corporation result in an unexpected corporate collapse. Here, the authors present four main themes underpinning the crisis in a company's financial disclosures: A company's compliance with accounting standards does not generally produce financial statements that disclose their wealth and financial progress; Misleading financial statements are more the result of compliance with accounting rules, with the best of intentions, than a result of deviation from them with the intent to mislead; The raft of knee-jerk corporate governance mechanisms imposed following recent high profile corporate malpractice are more directed at appearances than at rectifying problems; and There is increasing evidence that the current group structures which organise corporate activities are incapable of effective regulation." "Indecent Disclosure explains, explores and illustrates these themes, within the framework of an agenda for true, effective reform."--BOOK JACKET.

Subjects

• Business failures
• Corporate debt
• Corporations > Accounting
• Business ethics

Bibliography (note)

• Includes bibliographical references (p. 252-266) and index.

Contents

Prologue: gilding the corporate lily -- 1. Indecent disclosure: omitted factor in unexpected failure? -- 2. Independence: a misplaced quest for honesty -- 3. Governance overload: a contestable strategy -- 4. A very peculiar practice: accounting under scrutiny -- 5. A most peculiar practice: auditing under the microscope -- 6. The sound of one hand clapping -- 7. Commerce without conscience: group enterprise or separate legal entity? -- 8. Groupthink: fact or fiction? -- 9. An alternative group therapy to consolidation accounting -- 10. 'Patching': past, present, prospect.

ISBN

• 9780521701839 (pbk.)
• 052170183X (pbk.)

LCCN

2007013262

OCLC

• 122526160
• ocn122526160
• SCSB-5925412

Owning Institutions

Columbia University Libraries