Karthik Ramanna is associate professor of business administration at Harvard University.
"Prodigiously researched. . . . Ramanna's provocative assertions
issue a call for public discourse regarding financial leadership,
that is to say, a discourse about promoting the clearest and
simplest financial reporting possible. To be sure, there are many
accounting leaders who do just that, but he asserts that their
voices often get drowned out by bigger interests and powers. . . .
Political Standards stands up for the millions of skilled
accountants who facilitate the world's commerce, helping
individuals and public and private institutions manage their money,
and who follow the old ethic of impartial transparency. All will
benefit from the ensuing vigorous public debate."
-- "Accounting Review" (6/5/2017 12:00:00 AM)
"Ramanna examines the accounting standard-setting process, . . .
argu[ing] that the process is flawed largely because it exists in
what he describes as a "thin political market." In such an
environment, the standards are created, of necessity, by the
limited number of individuals possessing the requisite technical
knowledge and skill to do so. Recommended."
-- "Choice" (4/25/2016 12:00:00 AM)
"Political Standards is a timely and important addition to the
literature on standard-setting and how a few self-interested
specialists, with little opposition, are able to 'capture' the
process and weaken the foundation of free-market capitalism.
Ramanna's command of--and passion for--accounting standards brings
this otherwise sterile topic to life through a series of teachable
stories and concludes with a clarion call to the moral fiber of
managers to act ethically and in the interest of competitive
capital markets instead of lobbying to advance their--and their
shareholders'--self-interest."--S. P. Kothari, MIT Sloan School of
Management
"In Political Standards, Ramanna explores an extremely important
matter for the efficient functioning of capital markets in a very
methodical manner with penetrating analysis. I am sure this book
will generate much needed discussion in public policy circles to
address the issues raised. The subject matter covered is not only
relevant to accounting standard setting but to all areas of public
policy."--Prabhakar "PK" Kalavacherla, former board member at the
International Accounting Standards Board (IASB)
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