SYNOPSIS: In this commentary, I propose a new accounting model, in which accounting reports measure wealth and provide information that can diagnose financial health. I argue that my proposed model addresses the major weaknesses of the existing choice-based GAAP model, and the proposed model has the potential to support a much more effective and efficient standard-setting process.
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Research Article| March 01 2010
Transparency Unveiled: Financial Crisis Prevention through Accounting Reform
Online ISSN: 1558-7975
Print ISSN: 0888-7993
American Accounting Association
Accounting Horizons (2010) 24 (1): 95–107.
David Mosso; Transparency Unveiled: Financial Crisis Prevention through Accounting Reform. Accounting Horizons 1 March 2010; 24 (1): 95–107. https://doi.org/10.2308/acch.2010.24.1.95
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