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Accounting, Economics, and Law: A Convivium

Ed. by Avi-Yonah, Reuven S. / Biondi, Yuri / Sunder, Shyam

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Accounting and the Law

Adolph A. Berle Jr.
Published Online: 2012-03-14 | DOI: https://doi.org/10.1515/2152-2820.1056

The aim of this paper is to stimulate a more systematic method of evolving standard, but evolutionary, rules of accounting. The conclusion, if sound, follows from two premises. First, rules of accounting have become, in large measure rules of law. Second, that the present methods by which accounting theory is translated into the accounting rules—or, if you choose, into accounting practices which thus enter the legal system, are not wholly satisfactory, especially in view of the results which now follow from that translation. By consequence, the task of developing a systematic yet flexible means of arriving at and recording the sound doctrine as it appears in the light of the knowledge of the day, takes the foreground as a major problem in the profession of accounting.

Keywords: accounting and law; accounting regulation; accounting standard-setting

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Published Online: 2012-03-14

Citation Information: Accounting, Economics, and Law, Volume 2, Issue 1, Pages 1–11, ISSN (Online) 2152-2820, DOI: https://doi.org/10.1515/2152-2820.1056.

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©2012 Walter de Gruyter GmbH & Co. KG, Berlin/Boston.Get Permission

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