Patagonia-Values Do Matter-Accounting Professionalism

Patagonia-Values Do Matter-Accounting Professionalism

Summary-1: Accounting Professionalism-They Just Don't Get It!

For last decade or so, Accounting as a profession has gone through a lot. Most of the times accountants are accused of being involved in practices that are are not according to tshe conduct of the business. They have been accused of submitting to their greed's and being too cozy with their clients. So there are some suggestions that are given to make this profession can stop repeating the same mistakes, while on the other hand (Armstrong et al, 2003). The firm Andersen is the point of reference, as it is the only firm writer has practical experience about.

There are some historical perspectives about the Accountants, and how they lost relevance due in early 80's and 90's. There was only one Accountant that was responsible for looking after the affairs of the firm. And they were very candid and critical in their assessments. But as the accounting profession evolved through leaps and bounds, there were many perspectives that were added into it. The author has emphasized about how the accounting as a profession can enjoy same value as once it used to enjoy (Armstrong et al, 2003).

The larger firms are some of the most responsible and some critical assessment is needed on their part to get the better idea of what they actually need to do. As per the writer, accounting is one of the more important professions, so its survival should not be entirely based upon the Sarbanes Oxley legislation. The leaders of the professional organization, whoever they are, must get the perspective of why they not been able to meet the standards in last few years. Leaders should entrust the values that have made this profession once again credible in public opinion's.

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