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March 18, 2026The Accounting Review

Report of the Committee on Establishment of an Accounting Commission.

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Authors

NBNorton M. BedfordEHEldon S. HendriksenTKThomas F. Keller

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Overview

Committee report recommends forming a Commission to improve accounting principles and practices.

Key Points

  • The report aims to evaluate the feasibility of establishing a Commission to enhance accounting standards and practices.
  • Reviewed existing accounting principles and their formulation process.
  • Gathered recommendations for a new Commission structure.
  • Identified potential financial and operational objectives for the Commission.
  • Dissatisfaction with current accounting principles indicates a need for reform.
  • Recommendations include establishing a Commission for better oversight of accounting practices.
  • Identified key issues hindering financial performance disclosures, such as inter-corporate investments.

Cite This Study

Bedford et al. (1971) studied this question.

synapsesocial.com/papers/69ba43884e9516ffd37a4e8ahttps://doi.org/10.2308/tar-4489503
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1The Role of the American Accounting Association in Development of Accounting Principles.1971
  2. 2Committee on External Measurement and Reporting.1973
  3. 3Report of the Committee on Foundations of Accounting Measurement.1971
  4. 4The Authority of the Accounting Principles Board.1965
  5. 5Committee on Professional Schools of Accounting.1968