The internationally renowned accounting scholars who have written this new book argue that the two major governance tools of accounting and auditing require major makeovers. Beginning by analyzing the global sweep of deregulation that corporations experienced since 2000, the authors go on to discuss the various scandals and crises that characterized the subsequent period, culminating in yet more calls for further deregulation. Clarke and Dean then provide a series of urgent recommendations for reforms designed to bring the corporation back to the real world and restore its purpose.