Subject Area
History
Description
The various shortcomings in accounting theory and practice during the 1920s directly led to a public outcry that prompted government regulatory efforts. This established a new precedent where the laissez-faire nature of the accounting profession that predominated in the 1920s succumbed to a new era in which the federal government had the power to regulate and guide the accounting profession. Although the government allowed the profession to self-regulate even after the passage of the Securities Act of 1933 and the Securities Exchange Act of 1934, ultimate authority over professional accountancy remained with the Securities and Exchange Commission throughout the following decades and into modern day.
Publisher
Providence College
Academic Year
2015-2016
Date
Fall 2015
Type
Thesis
Format
Text
Language
English
