Accounting
Firms Aren’t Living Up to Their Diversity Claims
A new paper co-authored by Professor Edward Watts finds that for many companies, actual diversity efforts bear little resemblance to the claims made in public disclosures. What’s more, funds from socially conscious investors flow more to firms that engage in this “diversity washing.”
Where Did Madoff's Money Go?
Yale SOM’s Rick Antle on the complexities of making restitution in the wake of a Ponzi scheme.
Can better accounting avert a pension crisis?
State and local governments are sitting on more than $1 trillion in unfunded pension liabilities. Updated accounting rules will require state and local governments to begin reporting their pension liabilities in a format more closely resembling for-profit accounting. Will clearer accounting contribute to a solution of the under-funding crisis?
No accounting for turbulent times?
Responding to Q4's conversation "Did innovation cause the credit crisis?" Rick Antle, William S. Beinecke Professor of Accounting at Yale SOM, puts accounting changes and their role in the current financial turmoil in context.
What's the cost of changing accounting models?
With notable prescience, Shyam Sunder, the James L. Frank Professor of Accounting, Economics, and Finance at Yale SOM co-authored an editorial in the Financial Times with Stella Fearnley of Bournemouth University on August 23, 2007, warning of dangers from converging accounting models.
What happened to the accounting profession?
For most of the twentieth century, accountants were organized into a self-governing profession, but that structure has been shaken over the last decade by a wave of scandals. Yale SOM professors Rick Antle and Shyam Sunder discuss the implications for management of accounting’s successes and failures as a profession.
