A Commentary on 'Professionalizing Claims and the State of UK Professional Accounting Education: Some Evidence'.

The author comments on accounting as being instrumental in wealth distribution and in wealth creation. The author believes that accounting education in Great Britain is too concerned with the technical content and not enough with the social control of accounting and auditing. He also feels that the technical focus takes away from understanding the role of accounting in wealth creation. The author discusses accounting scandals and how they not only hurt investors but employees and creditors, too. The scandals failed to take into account the interest of the shareholders. Continued education of accountants and auditors is important in order to avoid further scandals.