by Michael Fox
There have to be competing pressures when you are tasked both with monitoring compliance of public standards and being a rainmaker for your firm, a dual role that many accountants have found themselves in over the past few years. And now some academicians have done a study that, not terribly surprisingly, says that in dealing with those conflicting pressures, the one most closely linked to their own financial interest often wins out. A SmartPros website article reports on a soon to be published study in the Journal of Accounting and Public Policy. Their suggestion for making things better -- make failure to comply more costly with increased scrutiny and fines: the accountants will take that into account in making their internal assessments. Sad that it is needed, but not too terribly surprising.