Accounting lessons still not learned

Irish accounting standards were not met by 90 per cent of the 30 issuers reviewed.

21st June, 2008

Irish accounting standards were not met by 90 per cent of the 30 issuers reviewed.

It is easy in the middle of the reckless lending scandals that triggered the international credit crunch to forget all about the lessons learned from the corporate accounting scandals that were making headlines six years ago.

Readers will recall that, in 2002,the financial headlines were all about the fall of former stock market darlings such as Enron, Worldcom and others.

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