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Jane Gleeson-White Double Entry: How the Merchants of Venice Shaped The Modern World--and How their Invention Could Make or Break the Planet Allen & Unwin, Sydney, 2012, pp. 304, paperback [...]

An important historical chapter of the Australasian Corporation of Public Accountants (ACPA) is discussed. ACPA struggled to obtain a royal charter from 1907 to 1914. Although its bid was a failure, ACPA managed to assert its right and question the monopoly of the Institute of Chartered Accountants in Australia. ACPA bold move left its positive mark on the present Australian accountancy profession.

The papers explore the organisation of accounting practitioners in five nations: Brunei Darussalam, Japan, Malaysia, the People's Republic of China and the Philippines. By and large, the authors have written about their own country, from their own national perspective, without reference to any overarching framework. As the organisers of a recently completed international project on the "new public financial management" also found, this "was the only really practicable option, as experiences, philosophies and approaches to writing were different in so many ways across the participating nations." The notion of "Asia" as "the continent which is the eastern part of the European landmass" serves as a stark linguistic reminder of the pitfalls of Euro-centrism in a project of this kind. Inviting local authors to participate and to choose the theme of their paper was the strategy chosen to minimise the dangers, without, however, necessarily removing them altogether. The reader will also find that an attempt has been made, during the editorial process, to retain local accents and concerns. Qualifications aside, they contain much food for thought and scope for further research. The debate about how to deal with them brings into view, over time, a veritable panoply of interest groups and some curious "interest talk". The changes from the 1970s to the 1990s are fascinating. The spectacular and sustained growth of Asian nations over the past several decades excited the attention of many disciplines. The present project was initially conceived, at least in part, as an opportunity to explore the contribution of accounting professionals to the "Asian miracle."

The Australasian Corporation of Public Accountants (ACPA) was founded in 1907, the first Australian national association of public accountants and their clerks. From 1907 to 1914 it endeavoured, against the opposition of both Australian and British associations, to obtain a royal charter. The ACPA's charter attempt brought into focus struggles within the emergent accountancy 'profession' both in Australia and Britain. It also became implicated in the process of state formation during a formative period in Australia's political history. Using hitherto unexplored archival material, this study shows that the ACPA's charter attempt: (a) was a serious attempt to drive a wedge between the 'public' and 'commercial' accountant; and (b) raised issues about the legislative and executive domains of Australian state and Federal governments both inter se and in relation to Britain. The study suggests that the failure of the attempt can be ascribed to the interaction of (a) and (b). It also suggests that one of the outcomes of the attempt, namely, the (re-)assertion of authority of Australian state governments over accountancy matters, helped to diminish the hegemony of the Institute of Chartered Accountants in Australia, eventually formed in 1928, over public accountancy in Australia. [ABSTRACT FROM AUTHOR]