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The Link Between Moral and Market Values
The Link Between Moral and Market Values By William K. Black The current wave of financial crises has renewed interest in one of the "silver bullet" solutions proposed during the savings & loan debacle of the 1980s. Larry White, former Federal Home Loan Bank Board member, proposed then that market value accounting was the key to avoiding future financial scandals. White has recently proposed this reform again as the key to preventing a repetition of the ongoing scandals. However, at the same time he advanced this argument another column was noting that Enron had requested permission to use market value accounting in order to facilitate fraud.

Full Article: http://www.scu.edu/ethics/publications/ethicalperspectives/accountingethics.html


2006 Ethics-Governance.com