LATEST DISCOUNTS & SALES: PROMOTIONS

Close Notification

Your cart does not contain any items

Accountants' Truth

Knowledge and Ethics in the Financial World

Matthew Gill (Financial Services Authority)

$307

Hardback

Not in-store but you can order this
How long will it take?

QTY:

English
Oxford University Press
01 May 2009
Accounting is the language of business, increasingly standardized across the world through powerful global corporations: a technical skill used to reach the correct, unquestionable answer. Yet, as recent corporate scandals have shown, a whole range of financial professionals (auditors, bankers, analysts, company directors) can collectively fail to question dubious actions. How can this be possible?

To understand such failures, this book explores how accountants construct the technical knowledge they deem relevant to decision-making. In doing so, it not only offers a new way to understand deviance and scandals, but also suggests a reappraisal of accounting knowledge which has important implications for everyday commercial life.

The book's findings are based on interviews with chartered accountants working in the largest accountancy practices in London. The interviews reveal that although accounting decisions seem clear after they have been made, the process of making them is contested and opaque. Yet accountants nonetheless tend to describe their work as if it were straightforward and technical. Accountants' Truth digs beneath the surface to explore how accountants actually construct knowledge, and draws out the implications of that process with respect to issues such as professionalism, performance, transparency, and ethics.

This important book concludes that accountants' technical discourse undermines their ethical reasoning by obscuring the ways in which accounting decisions must be thought through in practice. Accountants with particular ethical perspectives more readily understand and construct particular types of knowledge, so the two issues of knowledge and of ethics are inseparable. Increasingly technical accounting rules can therefore counterproductive. Instead, our best approach to avoiding future scandals is to redefine and reinvigorate professional ethics in the financial world.

By:  
Imprint:   Oxford University Press
Country of Publication:   United Kingdom
Dimensions:   Height: 241mm,  Width: 161mm,  Spine: 18mm
Weight:   473g
ISBN:   9780199547142
ISBN 10:   0199547149
Pages:   208
Publication Date:  
Audience:   Professional and scholarly ,  Undergraduate
Format:   Hardback
Publisher's Status:   Active

Matthew Gill holds a PhD in Sociology from the London School of Economics where he studied with Richard Sennett. He is currently an Andrew W Mellon Postdoctoral Fellow at Washington University in Saint Louis, in an interdisciplinary program which seeks to connect the humanities and the social sciences. After reading English at King's College London, he became a chartered accountant and worked for four years at PricewaterhouseCoopers' London office, where his most recent role was to help businesses in financial difficulty. His experience of these two very different worlds motivated him to write this book.

Reviews for Accountants' Truth: Knowledge and Ethics in the Financial World

provides an informative and interesting addition to the current literature on accounting ethics, presenting a new perspective and useful insights into the ways in which the development of specialized technical knowledges - that is, purposively constructed versions of 'truth' - can manipulate and dominate political and economic structures, social practices and policy-making. Susan Wild, Pacific Accounting Review Gill is to be congratulated on a book that opens many of the important issues raised by accounting as a practice constitutive of the realities of modern society. Andrew Abbott, The Accounting Review In Accountant's Truth, Dr Matthew Gill has, in a very accessible and readable way, undertaken a study of accountants' behaviour by focusing on the day to day work which he argues is actually more important...the book provides a very important resource for anyone involved in working with accountants and/or using the results of accounting work in either the government or private sectors. It also sets a very important precedent for future studies of accounting activity as well as the sociology of the financial world in general. David Gilchrist, Australian Journal of Public Administration This book will be useful to those in the sociological community who are interested in analysing how knowledge, especially that of a technical and numerical nature, is produced in a way that conveys on it the appearance of indubitable fact. It does a good job in criticizing that appearance. Julian Muller, Organization well-written and thought-provoking...I greatly enjoyed the book and Gill's analysis...I encourage researchers outside the accounting field to read this book...for practitioners, I believe this study makes explicit a lot of what is implicit in their lives and gives them an opportunity to reflect on what needs to be fixed in their organizations. Joanne C. Jones, Administrative Science Quarterly Based on interviews conducted with working accountants in London, Accountants' Truth is a skillful exercise in the sociology of knowledge. Gill produces insights that are the product of a keen awareness...I find it difficult to be critical of this work. Having thought about these types of accounting topics for many years, I was surprised by the new dimentionality that Gill's book opened on them. Timothy J. Fogarty, Case Western Reserve University, writing in Contemporary Sociology: A Journal of Reviews Accountants' Truth makes human sense of one reason modern capitalism is in trouble. It charts the social influence accountants have on each other and the deforming results of this mutual influence. More, it shows a great and perhaps tragic conundrum: that ethics are rendered fragile by collaboration and cooperation - among people who are not minded to commit crime. The work of a writer who is both a trained accountant and a sociologist, this is a landmark study. Richard Sennett, London School of Economics and Political Science


See Also