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Unaccountable: How the Accounting Profession Forfeited a Public Trust

By Mike Brewster (John Wiley & Sons Inc, April 2003)

Enron. WorldCom. Global Crossing. Rite-Aid. Adelphia. Qwest. Waste Management. HealthSouth. Royal Ahold. The seemingly endless litany of corporate accounting scandals has shaken the U.S. economy and tarnished the reputation of a once-respected profession. The inherent conflicts within the flawed U.S. auditing system--where auditors are paid by their clients and audit reports are now viewed as having little more veracity than press releases--have stunned a public that once believed auditors were their eyes and ears inside the country's biggest corporations.

In Unaccountable: How the Accounting Profession Forfeited a Public Trust, former KPMG communications director turned business journalist Mike Brewster explores the fascinating transformation of CPAs from independent...