{"title":"The Influence of Price Waterhouse & Co. on the CAP, the APB, and in the Early Years on the FASB","authors":"S. Zeff","doi":"10.2139/ssrn.2750644","DOIUrl":null,"url":null,"abstract":"Price Waterhouse & Co., for decades the premier public accounting firm in the United States, which audits a large number of “blue chip” companies, has, directly and indirectly, been a large and frequent presence in the U.S. standard-setting arena. It is the purpose of this paper to document this presence and to determine whether it had a discernible effect on the outcomes of the standard setters' deliberations. The conclusion is that, appearances notwithstanding, there has been no evidence of a noticeable effect.","PeriodicalId":123337,"journal":{"name":"History of Accounting eJournal","volume":"31 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2016-03-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"5","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"History of Accounting eJournal","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/ssrn.2750644","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 5
Abstract
Price Waterhouse & Co., for decades the premier public accounting firm in the United States, which audits a large number of “blue chip” companies, has, directly and indirectly, been a large and frequent presence in the U.S. standard-setting arena. It is the purpose of this paper to document this presence and to determine whether it had a discernible effect on the outcomes of the standard setters' deliberations. The conclusion is that, appearances notwithstanding, there has been no evidence of a noticeable effect.