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Definition of

accounting profession

Accounting

set of organizations overseeing accountants collectively, the professional bodies of accountants that establish and regulate training entry standards and professional examinations, as well as ethical and technical rules and guidelines. These bodies are organized on national and international levels.

Related definitions of "accounting profession"

Recommended Further Reading (Term count)
  • The Effect of SOX on Internal Control, Risk Management, and Corporate Governance Best Practice
    by David A. Doney
    The Sarbanes–Oxley Act of 2002 was passed in the context of a series of high-profile corporate scandals, a brief recession, and the events of 9/11. These factors were cited by President George W. Bush as a threat to investor confidence and the US economy overall. He also declared: “This law says to every dishonest corporate leader: you will be exposed and punished; the era of low standards and false profits is over; no boardroom in America is...
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    The development of international audit regulation is closely linked to the development of international accounting regulation. Both have been significantly associated with the globalization of capital markets and growth in importance of international investors. Such investors expect the financial reports of the companies they are investing in to be fair and reliable, with auditors playing a critical role—famously categorized by Paul Volcker in...
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    Given today’s complex and rapidly changing management climate, companies must implement continuous improvements to achieve efficiency, and assure investors and other concerned parties of solid corporate governance.The recent scandals at Enron, Worldcom, Parmalat, and others have raised the profile of corporate governance across the globe. Trust in the process of financial accounting, corporate governance, and auditing has been undermined by...

Definitions of ’accounting profession’ and meaning of ’accounting profession’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’accounting profession’ and other financial terms with our online QFINANCE Financial Dictionary.

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