[lbo-talk] European Accounting: Holier than thou

Ulhas Joglekar uvj at vsnl.com
Wed Apr 23 18:35:35 PDT 2003


Economist.com

Accounting

Holier than thou

Feb 6th 2003 From The Economist print edition

European sanctimony over American accounting scandals is misplaced

EVER since the bankruptcy of Enron, European accountants have been quietly congratulating themselves. It couldn't have happened here, they say. American rules on accounting and auditing are clearly not all they were cracked up to be. Some officials even hint that Europeans have better morals. American businessmen, they believe, with their corporate jets and stock options, are simply greedier.

http://www.economist.com/finance/displayStory.cfm?story_id=1566871



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