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
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: 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
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