As a direct result of the "Enron and WorldCom learning experience," there is an increased demand for transparency in financial statements. It has become sort of a mantra.

If transparency is, in fact, the desired result, we must take a number of key steps for it to be accomplished. This includes a definition of the term, an understanding of what it is and isn't, a dedication to its philosophical underpinnings and ethical requirements, and a mechanism to enforce its use.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access