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094356 1 (1979-06-18)

handle is hein.gao/gaobacuij0001 and id is 1 raw text is: 




                 ADDRESS BY ELMER B. STAATS

          COMPTROLLER GENERAL OF THE UNITED STATES

                           TO THE

                             979                         094356
                     NATIONAL SYMPOSIUM

                           OF THE

            ASSOCIATION OF GOVERNMENT ACCOUNTANTS     C    73

                     ST. LOUIS, MISSOURI

                           ON THE

         EXPANDING ROLE OF ACCOUNTING IN OUR ECONOMY

                        JUNE 18, 1979


Good morning ladies and gentlemen.

     I would like to share with you today some thoughts as

to why the role of accounting is expanding and what some of

the problems are that we have to face as a result.

WHAT PRESSURES SEEM TO BE CAUSING EXPANSION
IN THE ROLE OF ACCOUNTING IN THE ECONOMY

     Numerous pressures in the economy today are causing

people to want more and better accounting information.  The

one that comes to mind first, of course, is inflation. 7For

many years inflation progressed at such a slow pace that

most people were willing to accept accounting data based on

current dollars without worrying about the small diminution

in the value of the dollar which took place from one year to

another.  How different things are today.  The pace of

inflation has quickened bringing with it a chorus of cries

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