Securities and Obscurities: a case for the reform of the law of company accounts
Raymond J Chambers
SUP - Sydney Accounting Classics
In Securities and Obscurities Chambers presents examples of financial practices in the UK, US, Canada and Australia and exposes the deficiencies in reported financial information.1
Chambers intended the work to be controversial. It continued his contention that precise definitions of accounting terms needed to be agreed upon, to ensure that investors, company directors, auditors and accountants were talking about the same things.