Can you imagine accountants as American cowboys of the Wild, Wild West in the 1800s? I can. And they can be dangerous. Yeehaw! Yippee-i-o-i-al" (Cokins, 2013)

One of the readings this week is a blog post by TR International which compares managerial accountants to cowboys in the Wild West. The main argument provided by the author stems from the many rules imposed on tinancial accountants and the comparative lack of rules for managerial accountants. In BUSI 1043 (Introduction to Financial Accounting) we learned about the effects of Enron.

World Com, and Arthur Anderson as well as many othel

companies who committed traud and the resulting impact/creation of governing bodies As a result of such scandals man accounting

standaras were created with the purpose of trying to mitigate the risk of fraud occurring in the future. However. there are ver few rules and reaulations for managerial accountants (similar to the cowboys of the Wild West)

Do you agree or disagree with the authors arguments? Please choose one section of the blog and provide vour thoughts and analvsis. integrating the textbook where appropriate