After Enron : Lessons for Public Policy Paperback / softback
by William A. Niskanen
Paperback / softback
Description
After Enron first describes the conditions that led to the collapse of Enron and other corporate scandals and the concerns that these developments raised among the public, the press, and political officials.
The book then describes and evaluates the initial private and public responses to these developments and concludes that most of these responses were unnecessary, harmful, or inadequate. There are four major lessons learned during the post-Enron scandal era: Don't count too much on financial accounting.
Don't count too much on auditing. The tax system is an important part of the problem. The rules of corporate governance do not adequately serve the interests of general shareholders. After Enron addresses the major lessons for public policy affecting accounting, auditing, taxation, and corporate government.
It proposes a set of policy changes to address the lessons learned from the Enron scandal.
The first major set of proposed changes would delegate the authority to establish and monitor accounting and disclosure standards to each stock exchange.
A second major proposal would replace the corporate income tax with a cash flow tax. And a final set of proposed policy changes would replace the rules of corporate governance that are now biased against the interest of the general shareholders.
The most distinctive feature of the book is that the major proposed policy changes would address the problems illustrated by the corporate scandals by reducing and focusing the role of government.
Information
-
Available to Order - This title is available to order, with delivery expected within 2 weeks
- Format:Paperback / softback
- Pages:408 pages
- Publisher:Rowman & Littlefield
- Publication Date:03/05/2007
- Category:
- ISBN:9780742544345
Other Formats
- Hardback from £44.45
Information
-
Available to Order - This title is available to order, with delivery expected within 2 weeks
- Format:Paperback / softback
- Pages:408 pages
- Publisher:Rowman & Littlefield
- Publication Date:03/05/2007
- Category:
- ISBN:9780742544345