The Presidential Daily Brief


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    Sexy Accounting Threatens the Global Economy

    Everyone blames the bankers after a financial crisis, but rock star accountants let it happen — and could well do it again — argues financial journalist Richard Brooks in his forthcoming book, Bean Counters: The Triumph of the Accountants and How They Broke Capitalism. The four largest accounting firms audit 97 percent of U.S. public companies and Britain’s top 100 corporations. And they make billions from consulting for those same clients and even for governments that regulate them. That’s fostering conflicts that demand, as one accountant said of his profession, to “make it boring again.”

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