Our current accounting model is so flawed that it is used in a new fictional novel to trigger a global conflict. So, how might weaknesses in methods of valuation lead to the disaster told in ‘A silent War’
As members of the accounting community, we are aware of the shortcomings of the accounting model in measuring the true value within business. We have been aware of this problem for decades. We even know the problem is getting worse, yet what have we done about it?
Granted, it’s a big problem with no easy solution, but if we are to retain our role as accountants, then we are going to have to embrace this challenge. We can of course continue to let the problem slide, but then this isn’t good for business– or our reputations.
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