The Influence of Price Waterhouse & Co. on the CAP, the APB, and in the Early Years on the FASB

11 Pages Posted: 21 Mar 2016

See all articles by Stephen A. Zeff

Stephen A. Zeff

Rice University - Jesse H. Jones Graduate School of Business

Date Written: March 17, 2016

Abstract

Price Waterhouse & Co., for decades the premier public accounting firm in the United States and 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 continuing, noticeable effect.

Keywords: Price Waterhouse, standard setting

JEL Classification: M41

Suggested Citation

Zeff, Stephen A., The Influence of Price Waterhouse & Co. on the CAP, the APB, and in the Early Years on the FASB (March 17, 2016). Available at SSRN: https://ssrn.com/abstract=2750644 or http://dx.doi.org/10.2139/ssrn.2750644

Stephen A. Zeff (Contact Author)

Rice University - Jesse H. Jones Graduate School of Business ( email )

6100 South Main Street
P.O. Box 1892
Houston, TX 77005
United States
713-348-6066 (Phone)
713-348-6296 (Fax)

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
85
Abstract Views
1,346
Rank
531,415
PlumX Metrics