January 22, 2002CONTACT: Susanne Loftis (615) 322-2706[email protected]
ENRON EXPERT TIPSHEETEnron 'Wakeup' Call for Accounting Firms, Says Vanderbilt Professor
NASHVILLE, Tenn.--The Enron collapse shows that the audit profession must improve the way it self-regulates in order to avoid governmental intervention, an action that would be undesirable, according to Vanderbilt University's Debra Jeter, associate professor of accounting at the Owen Graduate School of Management.
"Enron has provided a much-needed wakeup call for the profession to accept responsibility for its actions," Jeter says. While some have called for a change in accounting standards, Jeter disagrees. Changing the standards, as a knee-jerk reaction to what's happened at Enron, would accomplish very little, she says. "When the standards are violated, it is not the fault of the accounting standards," she adds.
Jeter has published numerous articles and co-authored textbooks on subjects ranging from auditor reporting decisions to managerial cost accounting.
EDITOR'S NOTE: (To contact Jeter, call Susanne Loftis at 615-322-2706 or e-mail [email protected].) Vanderbilt experts can do live television interviews directly from our campus broadcast facility. We also have an online searchable database of experts, called Sources, located at http://souces.vanderbilt.edu.
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