Honouring Professor Abe Briloff's life for Africa. (1st January 2013)

• Record Type: Journal Article
• Authors: Sy, Aida
• Is Part Of: African journal of accounting, auditing and finance. Volume 2:Number 4(2013)
• Page Start: 277
• Page End: 298
• Publication Date: 2013-01-01
• Subjects: Briloff -- accounting -- auditing -- US standards -- corporate scandals -- accounting firms -- US Congress; Accounting -- Africa -- Periodicals; Auditing -- Africa -- Periodicals; Finance -- Africa -- Periodicals; 657.09605
• Languages: English
• ISSNs: 2046-8083

Abstract

The editor of the African Journal of Accounting, Auditing and Finance honours the works of Professor Abe Briloff who passed away recently. The article has an introduction of Briloff's life to African scholars and students and decision-makers. The rest of the paper is about what Briloff wrote in his Alice in GAAP Land. In 1970s and 1980s, Briloff visited the US Congress regularly to discuss the urgent reforms in American accounting, GAAP. Abe sit down with US senators and lawmakers to educate them. He is one of the rare Professors of Accounting, to the notable exception of critical accountants, to see the problems of ENRON, WorldCom, Xeros, Vivendi, Parmelat, and Tyco. All these big corporations were involved in financial scandals, hence the Sarbanes-Oxley Act of 2002, Act of which Abe was the main author. We believe this article can be useful for Africa.