The Rise of Accounting, Auditing, and Finance: Key Issues and Events That Shaped These Professions for over 200 Years since 1800


Series: Business, Technology and Finance
BISAC: BUS001010

With over 200 professional associations, 120 pieces of authoritative literature, 65 well-known fraud cases, 62 accounting firms (including the origins and growth of the “Big Four”), 55 regulatory statutes, 30 frameworks, and much more, this unique book shows in a chronological sequence a range of select issues and events that have impacted and led to the growth of the professions of accounting, auditing, and finance since 1800. The origins and factors that gave rise to the different types of accounting and auditing are all here. Over 1,200 well-researched issues and events are classified in the twelve chapters found within this book.

Table of Contents

Table of Contents


Chapter 1. Genesis of Accounting, Auditing, and Finance

Chapter 2. The Development of Accounting, Auditing, and Finance

Chapter 3. Professional Associations and Business Schools

Chapter 4. The Major Accounting Firms

Chapter 5. Umbrella Organizations

Chapter 6. Commissions and Reports

Chapter 7. Authoritative Literature

Chapter 8. Technology, Tools, and Techniques

Chapter 9. Fraud Cases, Failures, and Scandals

Chapter 10. Regulatory Statutes

Chapter 11. Business Entities

Chapter 12. Crises and Wars



“Lal Balkaran’s books have never failed to excite me, and he has done it again. He meticulously documents the development of accounting, auditing and finance – and in such an accessible form. He is hugely well informed and perceptive in identifying and articulating the significant milestones that have signposted the journey along the way. While history may not repeat itself, we can better grasp what the future holds if we grasp what has led us to this point. Lal helps us with that, at a time when artificial intelligence and other developments are about to transform the future of the professions that Lal addresses.”  – Andrew Chambers, Professor Emeritus, Cass Business School, London, England

“This is not just a book about the history of accounting, auditing and financial events: it is also a well researched book about the evolution of those principles and standards that make each a science: and, the individuals, firms and umbrella organizations world-wide who have pioneered over the past two completed centuries and into the 21st to create and innovate what we know today to be the best practices in each for all the societies in which we live, work and play.”  – Jeffrey Ridley, Visiting Professor of Corporate Governance, Birmingham City University, England

“Few accountants, accounting faculty, or accounting students today, much less the general business community, understand the long and valuable contribution the accounting, auditing, and finance disciplines have made in the global development of commerce, and tangentially, the rise in human welfare. Lal Balkaran’s book,  The Rise of Accounting, Auditing, and Finance  goes a long way toward remedying this situation…It is fascinating.”  – Belverd E. Needles, Jr., Ph.D. CPA, EY Distinguished Professor of Accountancy, DePaul University

“This book is an excellent idea and should be read by every student of accounting and auditing. It has a wealth of research and points to all of the important developments in these fields.”  – John Fraser, FCPA, FCA, Retired SVP (IA and CRO) and co-editor of Enterprise Risk Management: Today’s Leading Research and Best Practices for Tomorrow’s Executives

“Lal Balkaran’s new book  The Rise of Accounting, Auditing and Finance  is a well-researched and highly informative compendium from a prolific business writer. Global in nature, it contains those key factors that have impacted the growth and development of the different types of accounting, auditing, and finance. It shows in chronological sequence since 1800, a broad range of issues and events that shaped these professions. As the only publication of its genre, it is a solid reference for students, professors, and researchers and a book that should grace the shelf of every library at business schools, professional associations, and accounting firms.”
– Antonio Stanco, CPA, CA, Manager Audit & Investigations at Ontario Energy Board and a Past President of the Institute of Internal Auditors (Toronto)

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