Webcast: Success Leaves Clues: The End of Accounting & Auditing?

Generally Accepted Accounting & Auditing Principles (GAAP) fits an industrial enterprise, not an intellectual one. Financial statements seldom provide useful information to investors.

A CEO was asked what keeps him up at night, his response was, "Relevancy of our core products." In that case, The End of Accounting & Auditing, by Professor Baruch Lev and Feng Gu, should contribute many sleepless nights to the entire Accounting & Auditing profession. The Accounting & Auditing model is suffering from what philosophers call a deteriorating paradigm—the theory gets increasingly complicated to account for its lack of explanatory power.

A majority of the developed world’s wealth resides in human capital; the type of capital not found in traditional GAAP financial statements. The End of Accounting & Auditing finds that today's financial reports provide a small five to six percent of the information relevant to, and used by, investors. Learn more about this topic and what can be done.

Formerly titled: Success Leaves Clues: Exploring Next Practices of Extraordinary Firms: The End of Accounting & Auditing?