Looking Back: What Happened in Business and Accounting in 2015: We’re told that if we don’t learn from history, we’re condemned to repeat it. The sad truth is that we’re often so busy trying to make history – whether world-changing history or just personal history – we rarely sit down long enough to study history so we’re able to learn anything from it.
Here’s a partial solution: a look at the events that shaped business, markets and yes, even accounting in 2015. What might surprise you is not the market failures (they happened), the amount of regulatory involvement (it increased, even if just a little), or the brazenness of some of the more pathological market participants (personal favorite: James Alan Craig). No – what will surprise you is how much you’ve forgotten over just the last twelve months. Read it and weep – or chuckle.
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